South Peoria Retail

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: July 22, 2017

South Peoria Rates

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.

South Peoria Listing Supply

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.

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 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.

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