The typical asking rate per listing is in the $10's per square foot per year. The South Peoria submarket is going through a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 8% decline in rent.
In the last 90 days, 92 listings have been made available, so you'll want to check back regularly for new listings. About 5% of the listings in the South Peoria are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 2,610 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are close to 2 stories. Most buildings in this area were built in 1985 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this region. Commute by taxi is the most popular way to get to work amongst South Peoria folk. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in South Peoria.
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