Belvidere Medical

Belvidere

Market Report

Number of Listings
Posted in the last 90 days
0
Median Rate ($/sqft/yr)
$17
Median Size (sqft)
730

Belvidere Office & Commercial Space

Featuring a population of roughly 25,000 inhabitants, Belvidere is the county seat of Boone County and is considered to be part of the larger Rockford, Illinois Metropolitan Statistical Area. With a total geographical area of only 12.31 square miles, this small city features a variety of manufacturing-related economic centers and related businesses. Those hoping to find office space for rent in Belvidere can take advantage of the affordable lease and rental rates here to establish a solid foundation for their future business efforts. Commercial space for rent in Belvidere is interspersed throughout the neighborhood zones within the community and is heavily trafficked by local residents. Belvidere is one of several locations within the state of Illinois that hosts entrepreneurs and business owners across a wide array of backgrounds and niches.

Belvidere Economic Overview

Featuring a largely middle-class population, Belvidere’s residents are commonly employed in occupations related to the manufacturing, retail trade and construction industries. The median household income of residents within Belvidere is approximately $47,000, only slightly below state averages. Because of this, the community is capable of supporting the numerous local businesses that have established themselves here. The population of Belvidere largely consists of employed individuals in their 30’s and 40’s who work within one of the many medium-sized to large businesses located in the region. It’s not uncommon for residents of Belvidere to commute to nearby Rockford for work and entertainment.

Belvidere At A Glance

Belvidere was first established in 1835 by Simon P. Doty alongside trusted business partners. Over the last 180 years, the community has developed a sustainable economic infrastructure devoted to manufacturing and industrial production. Like many communities in the area, Belvidere’s economy was significantly damaged by the loss of manufacturing opportunities in the closing years of the 20th century. Since then, however, the city has reinforced its economic infrastructure by hosting several large corporations, including General Mills, Carpenter Components and Dean Foods, among others. Notable landmarks within Belvidere include the Pettit Memorial Chapel, the Belvidere Municipal Park and the Lampert-Wildflower House.

Where To Lease In Belvidere

As Belvidere is quite small, many of the available properties can be found in close proximity to the major transportation routes, such as State Street, Belvidere Road and Fairgrounds Road. The relatively small size of these neighborhoods guarantee that businesses will be able to establish themselves in the community quickly, regardless of their location.

Learn More About Belvidere

Market Data

Real time and historical data on commercial real estate listings in Belvidere.
Research