Southeast Springfield Sublease

Southeast Springfield

Office Space Market Report

Number of Listings (last 90 days)
7
Median Rate ($/sqft/yr)
$16
Median Size (sqft)
7,000
As of: August 20, 2017

Southeast Springfield Rates

The typical asking rate per listing is in the $10's per square foot per year. The Southeast Springfield region is going through a a boost in rates. In the last 3 months, the median rate rose $16 per sqft per year.

Southeast Springfield Listing Supply

In the last 90 days, 7 listings have been posted online, which means office spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 29% of the available leases in the Southeast 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 7,000 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are approximately 3 floors. Most buildings in this region were built in 1978 and are Class A.

Southeast Springfield Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this market. Most of the folk of Southeast Springfield work from home. Commuting between 30 and 45 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 Southeast Springfield.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Southeast Springfield.
Research