On average, listings lease in the $20's per square foot per year. The Southeast Springfield region is seeing a an increase in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 26% increase in rent.
In the last 90 days, 5 listings have been listed, which means spaces might be going fast. 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.
Even though the median size is 2,590 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are around 3 stories. Most buildings in this area were built in 1987 and are Class A.
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 occupants 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.