Springfield Gardens Office Space

Springfield Gardens

Office Space Market Report

Number of Listings (last 90 days)
16
Median Rate ($/sqft/yr)
$30
Median Size (sqft)
1,110
As of: March 12, 2017

Springfield Gardens Rates

Most listings are in the $30's per square foot per year. The Springfield Gardens submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 4% decline in rent.

Compared to the rest of the New York City market, the Springfield Gardens region has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.

Springfield Gardens Listing Supply

In the last 90 days, 16 listings have been posted online, which means office spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 13% of the available leases in the Springfield Gardens are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,110 sqft. Most properties in this market are approximately 2 stories. Most buildings in this region were built in 1969 and are Class B.

Springfield Gardens Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Springfield Gardens residents. Commuting between 30 and 45 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 Springfield Gardens.
Market Report

Market Data

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