Commercial Real Estate Market in Berkeley, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
77 active listings and 3,025 off-market properties in Berkeley, IL. Commercial property asks $64/SF to buy and $15.47/SF/Yr to lease.
Market Trends
Berkeley, IL spans 1.3 square miles in Cook County, Illinois. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Berkeley, 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 Berkeley, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Berkeley, 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 Berkeley, IL runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 58.9%
- Industrial 35.2%
- Commercial 5.9%
Largest Zones share of zoned land by district
Single Family Residence District
Manufacturing District
Restricted Manufacturing District
Regional Community Business District
Local Business District
Berkeley, IL zones 746 acres across 8 districts. Commercial zoning covers 5.9% of zoned land, residential 58.9% and industrial 35.2%. The largest single district is Single Family Residence District at 58%. For commercial buyers the practical constraint is that only 41.1% of land carries a commercial or industrial designation.
Single Family Residence District (R-2)
The R-2 single family district provides for a limited range of housing densities consistent with the village's established residential neighborhoods
Market overview
Demographics & Economy
Berkeley, IL has 5,285 residents in 2,039 households. Density runs 4,195 people per square mile. Median household income here is $83,176 and median gross rent $1,292 a month.
5,285
Population
2,039
Households
2.6
Avg Household Size
41
Median Age
21%
College-Educated
89%
High-School Grad
1.3 sq mi
ZIP Area
4,195
Density / Sq Mi
$83,176
Median Household Income
$53,830
Median Earnings
$1,292
Median Rent
$223,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Hillside | — | $20.33 |
| Elmhurst | — | $19.92 |
| Melrose Park | — | — |
Commercial property in Berkeley, IL asks $64/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Berkeley?
Commercial property in Berkeley, IL asks an average of $64 per square foot.
How much does it cost to lease commercial space in Berkeley?
Asking lease rates in Berkeley, IL average $15.47 per square foot per year.
What zoning applies to commercial property in Berkeley?
Berkeley, IL zones 746 acres across 8 districts, of which 5.9% is commercial and 35.2% industrial. The largest single district is Single Family Residence District at 58% of zoned land. The R-2 single family district provides for a limited range of housing densities consistent with the village's established residential neighborhoods Residential zoning covers 58.9% and open space 0%.
Where does Realmo's Berkeley market data come from?
Realmo compiles Berkeley, IL figures from 6 recent recorded sales, 46 active sale listings, 31 active lease listings, 3,025 tracked off-market properties, the current Berkeley zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 46 active for-sale and 31 active for-lease listings in Berkeley, 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.
- Zoning and land use
- The current municipal zoning release: 746 zoned acres across 8 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- 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
