Springfield Sublease

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Springfield

Office Space Market Report

Number of Listings (last 90 days)
8
Median Rate ($/sqft/yr)
$41
Median Size (sqft)
1,600
As of: March 12, 2017

Springfield Rates

On average, listings lease in the $40's per square foot per year. The Springfield region is seeing a a boost in rates. In the last 3 months, the median rate increased $15 per sqft per year. That's a 57% increase in rent.

Compared to the rest of the Washington D.C. market, the Springfield region has higher rates, and you'll need to make a great offer to be in this hot submarket.

Springfield Listing Supply

In the last 90 days, 8 listings have been listed, which means office spaces most likley are going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,600 sqft. Most properties in this market are approximately 2 floors. 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