Springfield, Illinois, is an attractive location for businesses, with its rich history, diverse economy, and excellent infrastructure. A Commercial Real Estate Property For Lease in Springfield offers a unique opportunity to tap into the city's strong government and healthcare sectors, which drive the local economy. The city's strategic location, with easy access to Interstate 55 and I-72, makes it an ideal hub for businesses that require transportation and logistics. Additionally, Springfield is home to several institutions, including the University of Illinois Springfield and Lincoln Land Community College, which provide a skilled workforce and opportunities for collaboration. The city's amenities, such as hospitals, parks, and sports facilities, also contribute to its appeal as a great place to live and work.
Springfield's Commercial Real Estate market offers a range of options, including Office Space, Coworking Space, Retail Space, and Industrial properties. Office Space in Springfield is ideal for businesses that require a professional setting, with many options available near the city's government and healthcare institutions. Coworking Space is also available, providing a flexible and collaborative work environment for entrepreneurs and startups. Retail Space in Springfield is plentiful, with many opportunities for businesses to establish a presence in the city's vibrant downtown area. Industrial properties are also available, offering space for manufacturing, logistics, and other industrial activities. With 32 Commercial Real Estate Properties For Lease available in Springfield, businesses have a wide range of options to choose from, with average annual rents of $13 USD per square foot and average space sizes of 10,703 square feet.
What factors should I consider when leasing commercial real estate?
When leasing commercial real estate in Springfield, Illinois, there are several key factors to consider, including:
- Location and accessibility, with proximity to major transportation hubs like Interstate 55 and I-72, as well as local amenities and attractions;
- Space requirements, with options ranging from 10,703 square feet to 224,694 square feet, and an average annual rent of $13 USD per square foot;
- Industry and economic trends, with a focus on government, healthcare, and related firms, as well as the local economy's reliance on state and county government institutions and the justice system.
With 32 available listings of commercial real estate for lease in Springfield, it's essential to carefully evaluate these factors to find the right property for your business needs.
How do I determine the right size and type of commercial property to rent for my business needs?
When searching for the right commercial property to rent in Springfield, Illinois, it's essential to consider the specific needs of your business. This includes evaluating factors such as the number of employees, equipment requirements, and customer traffic to determine the ideal square footage and type of property.
- With 32 available listings of commercial real estate for lease in Springfield, you can filter your search by factors like average annual rent per square foot, which is currently $13 USD, and average size, which is approximately 10,703 square feet, to find a property that fits your budget and requirements.
- Additionally, consider the maximum space size available, which is up to 224,694 square feet, to ensure you have room for growth and expansion.
- Lastly, think about the amenities and infrastructure your business needs, such as proximity to transportation hubs like Interstate 55 and I-72, access to utilities like City Water, Light & Power, and the availability of local amenities like hospitals, parks, and sports facilities.
