Commercial Real Estate Market in Arlington Heights, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
568 active listings and 8,741 off-market properties in Arlington Heights, IL. Commercial property asks $403/SF to buy and $15.73/SF/Yr to lease.
Market Trends
Arlington Heights, IL spans 17.7 square miles in Sangamon County, Illinois. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Arlington Heights, IL runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Arlington Heights, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Arlington Heights, IL runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Arlington Heights, IL runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Arlington Heights, IL has 82,767 residents in 34,692 households. Density runs 4,680 people per square mile. Median household income here is $115,959 and median gross rent $1,673 a month.
82,767
Population
34,692
Households
2.4
Avg Household Size
42
Median Age
58%
College-Educated
95%
High-School Grad
17.7 sq mi
ZIP Area
4,680
Density / Sq Mi
$115,959
Median Household Income
$64,960
Median Earnings
$1,673
Median Rent
$400,896
Median Home Value
Tools
Lease vs Buy Breakeven
At $15.73/SF/Yr lease vs $403/SF buy → buying wins if held > 21.5 years.
At a 3.9% gross asking yield the payback reads short relative to leasing. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Wheeling | — | $15.14 |
| Rolling Meadows | — | $68.67 |
| Mount Prospect | — | $27.00 |
Commercial property in Arlington Heights, IL asks $403/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Arlington Heights?
Commercial property in Arlington Heights, IL asks an average of $403 per square foot.
How much does it cost to lease commercial space in Arlington Heights?
Asking lease rates in Arlington Heights, IL average $15.73 per square foot per year.
Is it cheaper to lease or buy commercial space in Arlington Heights?
Buying beats leasing in Arlington Heights, IL if the property is held longer than 21.5 years, comparing $15.73/SF/Yr asking rent with $403/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
Where does Realmo's Arlington Heights market data come from?
Realmo compiles Arlington Heights, IL figures from 8 recent recorded sales, 417 active sale listings, 151 active lease listings, 8,741 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 417 active for-sale and 151 active for-lease listings in Arlington Heights, IL. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · report a data issue
