Gateway Retail

Gateway

Office Space Market Report

Number of Listings (last 90 days)
6
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
3,800
As of: June 24, 2017

Gateway Rates

The typical asking rate per listing is in the $10's per square foot per year. The Gateway submarket is going through a an increase in rates. In the last 3 months, the median rate increased $20 per sqft per year.

Gateway Listing Supply

In the last 90 days, 6 listings have been listed, which means spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 33% of the available space in the Gateway 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 available, so finding a space for a small business might be tough.

Even though the median size is 3,800 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are approximately 1 stories. Most buildings in this market were built in 2006 and are Class B.

Gateway Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this region. Most of the occupants of Gateway work from home. Commuting around 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 Gateway.
Market Report

Market Data

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

Springfield Submarkets