Peoria, IL Retail Properties & Spaces for Lease
Peoria, IL Retail properties & Spaces Lease Rates & Market Statistics
Explore 99 Retail properties & Spaces for lease in Peoria, IL on Realmo, a commercial real estate exchange covering the Peoria area. The current inventory totals 865,100 square feet of properties — an average of ~8,750 SF per listing.
Asking lease rates for Retail properties & Spaces in Peoria start at $5.75 SF/Yr, average $13.05 SF/Yr, and reach $25 SF/Yr at the top of the market. That's a 4x spread between entry-level and premium space, making side-by-side comparison of asking rents and lease terms essential. The local average of $13.05 SF/Yr is 43% below the Illinois state average of $22.89 SF/Yr.
Peoria accounts for 93% of the 106 retail properties & spaces currently available across Peoria County, where nearby markets include Chillicothe and Peoria Heights. By space type, the market includes 32 shopping centers, 22 storefront properties and 3 showrooms — storefront properties typically offer the lowest entry point, while shopping centers command the highest rates.