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Third-Floor Office Suite
New
For Lease
$16 SF/Yr

340-1365 Main St, Springfield, MA 01105

Multi-room workspace with open areas and a kitchenette in a downtown office setting.

Space Size2,000 SF
Days on Market5

Property Features for 340-1365 Main St

General Information

Standard status Active
Size 2,000 SF
Net Rentable 2,000 SF

Space & Availability

Available Space 2,000 SF
Floor 3
Space Use Office

Site & Location

Neighborhood South End

Taxes and HOA fees

Annual Taxes $27,188
Listing Agency: Pioneer CRE
Listed By: Paul Bongiorni · License #9575704
Source: Exprealty
Added: Oct 20 Changed: Oct 23 Last Checked: Oct 23 at 3:56PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pioneer CRE

Rey
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This third-floor office suite at Market Place offers approximately 2,000 SF arranged across multiple rooms and open areas, with a small kitchenette. Large windows bring daylight into the space and face Main Street.

Market Place is in downtown Springfield and includes retail, restaurant, and professional office tenants.

Key Highlights

  • Approximately 2,000 SF on the third floor
  • Multiple rooms and open areas
  • Small kitchenette

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Storage Facility Furniture & Home Goods HVAC Service Auto Parts Store Veterinary Clinic Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.40 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,114
Businesses Nearby

Demographics for 01105, MA

12,051
Population
5,554
Households
2.2
Avg Household Size
33
Median Age
8%
College-Educated
64%
High-School Grad
1.2 sq mi
ZIP Area
10,043
Density / Sq Mi
$22,994
Median Household Income
$24,078
Median Earnings
$976
Median Rent
$238,400
Median Home Value

Market

Lease Benchmarks for Springfield, MA

$17.52 /SF/Yr
Avg Asking Price
$11–$24 /SF/Yr
Price Range
13,098 SF
Avg Space Size

This space is priced 9% below the average of $17.52 /SF/Yr.

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025

Frequently Asked Questions

What type of property is this?
Office unit - Multi-room workspace with open areas and a kitchenette in a downtown office setting.
Where is this office unit located?
The property is located at 340-1365 Main St Springfield, MA.
What is the lease rate?
The lease rate is $16 SF/Yr.
What are key features of this property?
This property features: Approximately 2,000 SF on the third floor; Multiple rooms and open areas; Small kitchenette
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