Springfield Sublease

Springfield

Office Space Market Report

Number of Listings (last 90 days)
31
Median Rate ($/sqft/yr)
$19
Median Size (sqft)
2,570
As of: July 27, 2017

Springfield Rates

The typical asking rate per listing is in the $10's per square foot per year. The Springfield submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 6% decrease in rent.

Springfield Listing Supply

In the last 90 days, 31 listings have been posted online, which means leases most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 126% of the listings in the Springfield 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 2,570 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are close to 2 floors. Most buildings in this area were built in 1989 and are Class A.

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