On average, listings lease in the $0's per square foot per year. The Downtown Springfield region is experiencing a decline in rates. In the last 3 months, the median rate fell $16 per sqft per year. That's a 100% decline in rent.
In the last 90 days, 7 listings have come on the market, 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,470 sqft. Most buildings in this area are around 3 floors. Most buildings in this region were built in 1962 and are Class A.
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 folk of Downtown Springfield work from home. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.