South Peoria Office Space

South Peoria

Office Space Market Report

Number of Listings (last 90 days)
6
Median Rate ($/sqft/yr)
$16
Median Size (sqft)
2,840
As of: June 25, 2017

South Peoria Rates

On average, listings lease in the $10's per square foot per year. The South Peoria region is experiencing a a rise in rates. In the last 3 months, the median rate increased $16 per sqft per year.

South Peoria Listing Supply

In the last 90 days, 6 listings have come on the market, which means listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 83% of the available leases in the South Peoria 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 2,840 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are close to 2 floors. Most buildings in this region were built in 1985 and are Class B.

South Peoria Community

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 area. 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.

Market Report

Trends and status of the commercial real estate market in South Peoria.
Market Report

Market Data

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