Springfield Office Space

Springfield

Office Space Market Report

Number of Listings (last 90 days)
11
Median Rate ($/sqft/yr)
$19
Median Size (sqft)
1,740
As of: July 22, 2017

Springfield Rates

The typical asking rate per listing is in the $10's per square foot per year. The Springfield region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 17% decrease in rent.

Springfield Listing Supply

In the last 90 days, 11 listings have been posted online, which means leases might be going fast. You'll want to be prepared to make an offer immediately. About 27% of the office spaces in the Springfield are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,740 sqft. Most buildings in this region are around 1 floors. Most buildings in this area were built in 2006 and are Class B.

Springfield Community

Market Report

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

Market Data

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

Springfield Submarkets