Downtown Springfield Sublease

Downtown Springfield

Office Space Market Report

Number of Listings (last 90 days)
14
Median Rate ($/sqft/yr)
$23
Median Size (sqft)
500
As of: July 19, 2017

Downtown Springfield Rates

Downtown Springfield Listing Supply

In the last 90 days, 14 listings have come on the market, which means office spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 29% of the available leases in the Downtown Springfield are subleases, so you might be able to snag a great spot on a short term. 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 500 sqft. Most properties in this area are approximately 3 stories. Most buildings in this area were built in 1914 and are Class A.

Downtown Springfield Community

This market 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 occupants. Commuting around 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