The typical asking rate per listing is in the $10's per square foot per year. The South Peoria region is experiencing a decline in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 24% decline in rent.
In the last 90 days, 17 listings have been listed, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 4,110 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are approximately 2 floors. Most buildings in this area 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.