Most listings are in the $20's per square foot per year. The Downtown Springfield region is seeing a decrease in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 22% decrease in rent.
In the last 90 days, 14 listings have been listed, which means new availabilities are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 500 sqft. Most properties in this market are approximately 3 stories. Most buildings in this area were built in 1914 and are Class A.
This region is fairly equally mixed residential and commercial. Public administration is the dominant industry in this region. Commute by motorcycle is the most popular way to get to work amongst Downtown Springfield residents. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.