Hoffman Estates, IL Industrial Properties for Lease
- South Elgin, IL
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Hoffman Estates, IL Industrial properties Lease Rates & Market Statistics
Explore 44 Industrial properties for lease in Hoffman Estates, IL on Realmo, a commercial real estate exchange covering the Hoffman Estates area. The current inventory totals 3,527,920 square feet of properties — an average of ~80,200 SF per listing.
Asking lease rates for Industrial properties in Hoffman Estates start at $7.50 SF/Yr, average $11.46 SF/Yr, and reach $17 SF/Yr at the top of the market. Pricing across the market is relatively uniform, which simplifies like-for-like comparison between listings. The local average of $11.46 SF/Yr is 15% below the Illinois state average of $13.43 SF/Yr.
Hoffman Estates accounts for 50% of the 88 industrial properties currently available across Lake County, where nearby markets include Waukegan and Buffalo Grove. By space type, the market includes 20 flex space listings, 8 distribution centers and 8 other industrial properties — other industrial properties typically offer the lowest entry point, while distribution centers command the highest rates.
