The typical asking rate per listing is in the $10's per square foot per year. The Collinsville region is experiencing a decline in rates. In the last 3 months, the median rate decreased $9 per sqft per year. That's a 35% decline in rent.
In the last 90 days, 38 listings have been made available, which means new listings are probably going fast. You'll want to be prepared to make an offer immediately. About 13% of the available leases in the Collinsville are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 8,960 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are around 1 stories. Most buildings in this region were built in 1996 and are Class C.
Real time and historical data on commercial real estate listings in Collinsville.
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