Springfield Retail

Springfield

Office Space Market Report

Number of Listings (last 90 days)
8
Median Rate ($/sqft/yr)
$41
Median Size (sqft)
1,600
As of: March 12, 2017

Springfield Rates

Most listings are in the $40's per square foot per year. The Springfield submarket is going through a a boost in rates. In the last 3 months, the median rate increased $15 per sqft per year. That's a 57% increase in rent.

Compared to the rest of the Washington D.C. market, the Springfield region has greater rates, and you'll need to pay a premium to be in this hot submarket.

Springfield Listing Supply

In the last 90 days, 8 listings have been posted online, which means office spaces 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 available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,600 sqft. Most properties in this region are approximately 2 stories. Most buildings in this market 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