The typical asking rate per listing is in the $10's per square foot per year. The Southeast Springfield region is experiencing a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 15% decline in rent.
In the last 90 days, 7 listings have been listed, which means new availabilities might be going fast. You'll want to be prepared to make an offer immediately. About 14% of the listings in the Southeast Springfield are subleases, so you might be able to snag a great spot on a short term. 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 7,000 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are approximately 3 floors. Most buildings in this market were built in 1987 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this area. Most of the folk of Southeast Springfield work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.