Warehouse Space in Peoria

Peoria Warehouses Available for Lease

Peoria, IL Warehouse Space for Rent.

Peoria, Illinois offers a range of warehouse spaces for rent, catering to businesses seeking storage and distribution solutions. These warehouses feature flexible layouts, ample dock doors, and modern amenities. Their strategic location provides easy access to major highways, interstates, and transportation hubs. Whether you need short-term storage or long-term leasing, Peoria's warehouse space options offer competitive rates and customizable solutions tailored to meet your specific requirements. From small units to large-scale facilities, Peoria's warehouses provide secure and efficient storage space for a variety of industries.

Benefits of Peoria's, Industrial Market.

Peoria, IL, offers several advantages for industrial markets:

• Strategic Location: Peoria's central location in the Midwest provides easy access to major markets.
• Intermodal Transportation: The city has access to rail, air, and highway transportation, facilitating efficient logistics.
• Availability of Land: Peoria has ample industrial land available for development, providing options for businesses seeking expansion.
• Skilled Workforce: The region boasts a skilled workforce experienced in manufacturing and distribution.
• Lower Cost of Doing Business: Peoria offers competitive operating costs, including lower taxes and utilities.
• Strong Infrastructure: The city maintains a well-developed infrastructure, including roads, utilities, and fiber optic networks.
• Business Incentives: Peoria provides various incentives, including tax breaks and workforce training programs, to attract and support businesses.

Why Peoria is a Great Place to Locate a Business.

Peoria, IL offers numerous advantages for businesses seeking warehouse space.

• Central Location: Peoria's strategic location in the Midwest provides excellent access to major highways and transportation hubs, facilitating efficient distribution and logistics operations.
• Abundant Warehouse Space: The city boasts a variety of warehouse facilities, ranging from small to large, with both dock-high and drive-in loading options to meet diverse storage needs.
• Competitive Rental Rates: Peoria offers competitive rental rates for warehouse space compared to other major cities, helping businesses optimize their operating costs.
• Skilled Workforce: The region has a skilled workforce with experience in warehousing and logistics, ensuring efficient and reliable operations.
• Pro-Business Environment: Peoria's pro-business policies and incentives support business growth and attract new investments in the region.
• Improved Infrastructure: Recent investments in infrastructure, such as the expansion of the Peoria International Airport, further enhance the city's connectivity and provide businesses with access to global markets.

Key Industries in Peoria.

• Manufacturing - Peoria is home to a diverse range of manufacturing companies, including Caterpillar, Komatsu, and Mitsubishi.
• Logistics - Peoria's central location and access to major transportation routes make it a significant logistics hub.
• Healthcare - OSF HealthCare and UnityPoint Health provide extensive medical services and employ a large number of healthcare professionals.
• Education - Bradley University and Illinois Central College offer higher education opportunities, attracting students and supporting research and development.
• Retail - Peoria has a thriving retail sector, anchored by shopping malls and retail centers such as Northwoods Mall.
• Agriculture - Agriculture remains an important industry in the Peoria area, with a focus on corn, soybeans, and livestock farming.
• Insurance - Several major insurance companies, including State Farm and COUNTRY Financial, have a presence in Peoria.
• Tourism - Peoria boasts attractions such as the Peoria Riverfront Museum and Caterpillar Visitors Center, drawing visitors who support local businesses.

Demographics.

• Population: 110,164
• Median Age: 38.1
• Median Household Income: $50,804
• Education: 28.1% of residents have a bachelor's degree or higher.

Market Statistics.

• Vacancy Rate: 6.7%
• Average Asking Rents: $12.50/SF/YR
• Total Inventory: 32,000,000 sq. ft.