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: May 23, 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 experiencing a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 15% decline in rent.

Southeast Springfield Listing Supply

In the last 90 days, 7 listings have been listed, which means new availabilities might be going fast. You'll want to be prepared to make an offer immediately. About 14% of the listings 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 available, so finding a space for a small business might be tough.

Even though the median size is 7,000 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are approximately 3 floors. Most buildings in this market were built in 1987 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 area. 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