Downtown Springfield Retail

Downtown Springfield

Office Space Market Report

Number of Listings (last 90 days)
As of: October 21, 2016

Downtown Springfield Rates

On average, listings lease in the $0's per square foot per year. The Downtown Springfield submarket is going through a decrease in rates. In the last 3 months, the median rate fell $15 per sqft per year. That's a 100% decline in rent.

Downtown Springfield Listing Supply

In the last 90 days, 1 listings have been posted online, which means spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around  sqft. Most buildings in this area are approximately 3 floors. Most buildings in this region were built in 1980 and are Class A.

Downtown Springfield Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this region. Most of the occupants of Downtown Springfield work from home. Commuting close to 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.