Springfield, IL Strip Malls for Lease
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Strip malls for Lease in Nearby Cities
Similar Spaces for Sale in Springfield, IL
Springfield, IL Strip malls Lease Rates & Market Statistics
Explore 7 Strip malls for lease in Springfield, IL on Realmo, a commercial real estate exchange covering the Springfield area. The current inventory totals 2,574 square feet of properties.
Asking lease rates for Strip malls in Springfield start at $12 SF/Yr, average $12 SF/Yr, and reach $12 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 $12 SF/Yr is 36% below the Illinois state average of $18.78 SF/Yr.
Springfield accounts for 88% of the 8 strip malls currently available across Sangamon County, where a nearby market includes Arlington Heights. Strip malls make up 18% of the 40 Retail properties & Spaces currently for lease in Springfield, with asking rates averaging $12 SF/Yr — 33% below the citywide Retail properties & Spaces average of $17.80 SF/Yr. Also worth a look for tenants weighing alternatives: Storefront properties (11 listings) and Shopping centers (10 listings) elsewhere in the Springfield market.
