Peoria, Illinois, is a city that offers a unique blend of history, industry, and natural beauty, making it an attractive location for businesses looking to lease industrial space. With its rich history dating back to 1691, Peoria has evolved into a diversified economy with a strong focus on manufacturing industries, making it an ideal location for industrial space. The city's infrastructure, including the Greater Peoria Mass Transit District and General Wayne A. Downing Peoria International Airport, provides easy access to transportation and logistics. Additionally, Peoria is home to several major corporations, including Caterpillar, CEFCU, and OSF Healthcare, making it a hub for industry and commerce. The city's scenic beauty, with the Illinois River running through it, and its many amenities, such as the Peoria Civic Center and the Peoria Park District, make it an attractive location for businesses and individuals alike.
With 5 industrial spaces for lease in Peoria, businesses have a range of options to choose from. Industrial spaces in Peoria offer a unique combination of accessibility, affordability, and amenities, making them an attractive option for businesses looking to establish or expand their operations. In addition to industrial spaces, Peoria also offers a range of other property types, including flex spaces, commercial real estate, land, and restaurants. Flex spaces in Peoria offer a versatile option for businesses that need a combination of office and warehouse space. Commercial real estate in Peoria provides a range of options for businesses looking to establish a retail or office presence. Land in Peoria is available for development, offering businesses the opportunity to build to suit their needs. Restaurants in Peoria offer a range of dining options, from casual eateries to fine dining establishments. Overall, Peoria's diverse range of property types and industrial spaces for lease make it an attractive location for businesses looking to establish or expand their operations.
What is the average size of industrial space for lease in the Peoria market?
The average size of industrial space for lease in the Peoria market is 34,517 square feet, with a total of 5 available listings, and a maximum space size of 257,336 square feet.
What do I need to look for when leasing an industrial space in Peoria?
When leasing an industrial space in Peoria, there are several key factors to consider to ensure you find the right property for your business needs.
- With 5 available listings of industrial space, you'll want to prioritize factors such as location, accessibility, and amenities, considering the proximity to major transportation hubs like General Wayne A. Downing Peoria International Airport and the Greater Peoria Mass Transit District.
- Additionally, you'll need to evaluate the property's specifications, including the average annual rent of $4 USD per square foot, average size of 34,517 square feet, and maximum space size of 257,336 square feet, to ensure it can accommodate your business operations.
- Finally, research the local economy and industry landscape, including major employers like Caterpillar and OSF Healthcare, to understand the demand for industrial space in Peoria and make an informed decision.
