Downtown Springfield Office Space

Downtown Springfield

Office Space Market Report

Number of Listings (last 90 days)
20
Median Rate ($/sqft/yr)
$28
Median Size (sqft)
3,650
As of: February 22, 2017

Downtown Springfield Rates

Downtown Springfield Listing Supply

In the last 90 days, 20 listings have come on the market, which means office spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 5% of the listings in the Downtown Springfield are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 3,650 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are approximately 3 floors. Most buildings in this region were built in 1914 and are Class A.

Downtown Springfield Community

This market is fairly equally mixed residential and commercial. Public administration is the dominant industry in this region. Commute by motorcycle is the most popular way to get to work amongst Downtown Springfield folk. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Downtown Springfield.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Downtown Springfield.
Research