On average, listings lease in the $10's per square foot per year. The South Peoria submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $0 per sqft per year. That's a 1% decrease in rent.
In the last 90 days, 6 listings have been posted online, which means leases most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 83% of the available space 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 2,840 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are approximately 2 stories. Most buildings in this region 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 market. Commute by taxi is the most popular way to get to work amongst South Peoria residents. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.