Springfield Sublease

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Springfield

Office Space Market Report

Number of Listings (last 90 days)
6
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
1,600
As of: February 23, 2017

Springfield Rates

The typical asking rate per listing is in the $20's per square foot per year. The Springfield submarket is going through a decline in rates. In the last 3 months, the median rate decreased $6 per sqft per year. That's a 20% decline in rent.

Compared to the rest of the Washington D.C. market, the Springfield submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.

Springfield Listing Supply

In the last 90 days, 7 listings have come on the market, which means leases 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 posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,100 sqft. Most properties in this area are close to 2 stories. Most buildings in this area were built in 1981 and are Class C.

Springfield Community

Market Report

Trends and status of the commercial real estate market in Springfield.
Market Report

Market Data

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