Springfield Office Space

Springfield

Office Space Market Report

Number of Listings (last 90 days)
15
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
5,000
As of: December 3, 2016

Springfield Rates

Most listings are in the $30's per square foot per year. The Springfield submarket is going through a decrease in rates. In the last 3 months, the median rate fell $11 per sqft per year. That's a 26% decline in rent.

Compared to the rest of the Washington D.C. market, the Springfield region has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.

Springfield Listing Supply

In the last 90 days, 16 listings have been posted online, which means leases might be going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 4,403 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are around 2 floors. Most buildings in this area were built in 1981 and are Class C.

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