Downtown Springfield Sublease

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Downtown Springfield

Office Space Market Report

Number of Listings (last 90 days)
9
Median Rate ($/sqft/yr)
$16
Median Size (sqft)
3,190
As of: December 8, 2016

Downtown Springfield Rates

Most listings are in the $10's per square foot per year. The Downtown Springfield submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $16 per sqft per year.

Downtown Springfield Listing Supply

In the last 90 days, 9 listings have been posted online, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 3,190 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are approximately 3 stories. Most buildings in this area 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.
Research