On average, listings lease in the $10's per square foot per year. The South Peoria submarket is going through a a rise in rates. In the last 3 months, the median rate went up $2 per sqft per year. That's a 12% increase in rent.
In the last 90 days, 17 listings have been posted online, which means listings most likley are going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 4,110 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are approximately 2 floors. Most buildings in this region were built in 1984 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 market. Commute by taxi is the most popular way to get to work amongst South Peoria occupants. Commuting around an hour a day is the norm for those who opt to reside in this part of town.