Peoria, Illinois, is a city that offers a unique blend of history, culture, and economic opportunities, making it an ideal location for businesses, including Retail Space For Lease. With a population of around 113,000 people, Peoria provides a sizable customer base for retailers. The city's rich history, scenic beauty, and diverse economy make it an attractive location for businesses looking to establish a presence. Peoria is home to several major corporations, including Caterpillar, CEFCU, and OSF Healthcare, which contributes to a strong and stable economy. The city's infrastructure, including the General Wayne A. Downing Peoria International Airport and the Greater Peoria Mass Transit District, provides easy access to transportation, making it an ideal location for businesses that rely on logistics and supply chain management. Additionally, Peoria is home to several institutions of higher education, including Illinois Central College and Bradley University, which provide a skilled and educated workforce.
With 25 Retail Space For Lease available in Peoria, businesses have a range of options to choose from. The average annual rent per square foot for Retail Space in Peoria is $14 USD, with sizes ranging from 830 square feet to 80,000 square feet. In addition to Retail Space, Peoria also offers a range of other property types, including Restaurants, Medical Offices, and Office Space. Restaurants in Peoria can take advantage of the city's vibrant arts scene and cultural attractions, while Medical Offices can benefit from the presence of major healthcare providers like OSF Healthcare. Office Space in Peoria can tap into the city's strong economy and skilled workforce. Overall, Peoria offers a unique combination of history, culture, and economic opportunities, making it an attractive location for businesses of all types.
What is the average cost per square foot for retail space in Peoria?
The average cost per square foot for retail space in Peoria is $14 USD per square foot, with 25 available listings ranging in size from 14,837 square feet to 80,000 square feet, offering a variety of options for businesses looking to establish a presence in this city.
How do anchor tenants affect surrounding retail space leases?
Anchor tenants, such as department stores or grocery stores, can have a significant impact on surrounding retail space leases in Peoria, Illinois, as they often attract a high volume of foot traffic and can increase the desirability of nearby retail spaces, leading to higher lease rates and a lower vacancy rate, with currently 25 available listings of retail space for lease in Peoria, averaging $14 USD per square foot, and ranging in size from 14,837 square feet to 80,000 square feet.
