Commercial Space for Rent Opportunities in Peoria, IL
You can search 285 commercial real estate space listing(s) currently available for rent in Peoria, IL, which represents a total of 2,053,340 square feet.
Leasing opportunities here include 132 office listing(s), 8 industrial and warehouse listing(s), 139 retail space listing(s), and more.
Use the search filters at the top of the page and the interactive map to see location-specific advantages when looking for your next commercial space for lease in Peoria, IL. You can conveniently reach out for more in-depth information using the contact form available on each listing.
No. of Listings
Total Sq. Ft.
Avg. Asking Rent
Looking to lease a particular type of commercial property? Visit our dedicated pages for office space for rent, retail spaces for lease, or warehouses for rent to view current listings and access more in-depth market stats.
What to Consider When Renting Commercial Real Estate in Peoria, IL
If you are somewhat new to this process, a good place to start would be our quick guide to the differences between commercial property types, and some essential terms to know. Once you get the general idea of what a certain kind of space can offer you, it is essential to clarify what to prioritize among your business needs relating to the workspace you need to occupy and the location where you need it to be.
Not all decision factors can be clear-cut search filters and property categories, so the next step after doing a listing search for the type of property you need should be to reach out to the real estate brokers, as they are best positioned to fill in the blanks and help you secure the best commercial space lease for your needs.
Commercial Real Estate for Sale in Peoria, IL
Those who are better served by owning instead of renting commercial property can also find options for sale here. Investment opportunities currently listed on the local market add up to a total of 43 commercial property for sale listing(s).
Depending on aspects such as location, market particularities, and property potential, office space can be transformed and adapted to accommodate a great variety of tenant businesses and institutions. Options of commercial real estate for sale in Peoria include 14 office building for sale listing(s).
If your investment strategy is focused on warehousing, logistics, or similar property types, you’ll find 3 industrial real estate for sale listing(s) currently marketed in Peoria.
Interested in retail property investment? The local market currently offers 14 retail space for sale listing(s), complete with essential listing details, property data, and broker contact information.
No. of Listings
Total Sq. Ft.
Shopping for a certain type of commercial property? Visit our dedicated pages for office property for sale, retail space for sale, or industrial real estate for sale to see what local investment opportunities are currently listed.
Buying Commercial Property in Peoria, IL
When acquiring commercial property, you are likely to take into consideration some of the same factors that go into choosing a space to rent: location, size, configuration, the condition of the property, and costs. However, some aspects might be more relevant to consider when looking to buy property, such as: the zoning and what property improvements or transformations it allows; how flexible the property is in terms of repositioning or adaptive reuse improvements (some configurations lend themselves to transformation more easily than others); and what equity potential the investment might have.
Additionally, it is highly recommended that you enlist the expertise of professionals who are knowledgeable not only in the complexities of property acquisitions, but also in the untapped investment potential in their local markets.
Where You Are Most Likely to Find Commercial Space in Peoria, IL
The best areas of the market may vary depending on the type of commercial real estate you are interested in, either for rent or for sale. For instance, while office properties and retail space are often located relatively close to each other, some industrial real estate tends to be zoned separately.
In Peoria, IL, you will find the highest number of commercial property for rent or for sale listings in the North Peoria neighborhood.
Searching by different property types, you’ll find that the North Peoria neighborhood currently offers the highest number of office space opportunities.
Meanwhile, you’ll find the highest number of local retail for rent or investment listings in the Central Peoria neighborhood.
Industrial opportunities on the local market are mostly concentrated in the North Peoria neighborhood.