Springfield, IL Office Units for Lease
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Springfield, IL Office Units Lease Rates & Market Statistics
Explore 80 Office Units for lease in Springfield, IL on Realmo, a commercial real estate exchange covering the Springfield area. The current inventory totals 152,263 square feet of properties — an average of ~1,900 SF per listing.
Asking lease rates for Office Units in Springfield start at $12.50 SF/Yr, average $14.75 SF/Yr, and reach $16.75 SF/Yr at the top of the market. Pricing across the market is relatively uniform, which simplifies like-for-like comparison between listings. The local average of $14.75 SF/Yr is 33% below the Illinois state average of $21.98 SF/Yr.
Springfield accounts for 95% of the 84 office units currently available across Sangamon County, where nearby markets include Arlington Heights and Westchester. Office Units make up 93% of the 86 Office Spaces currently for lease in Springfield, with asking rates averaging $14.75 SF/Yr — 15% above the citywide Office Spaces average of $12.81 SF/Yr. Also worth a look for tenants weighing alternatives: Medical Office Space (6 listings) and Office buildings (4 listings) elsewhere in the Springfield market.