Commercial Real Estate Market in Berwyn, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
52 active listings and 3,931 off-market properties in Berwyn, IL. Commercial property asks $176/SF to buy (based on 7 listings) and $24.50/SF/Yr to lease (based on 8 listings).
Market Trends
Berwyn, IL spans 5.7 square miles in Cook County, Illinois. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Berwyn, IL runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail space in Berwyn, IL has a median asking sale price of $142/SF (based on 3 listings). Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Berwyn, 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%.
Multifamily
Multifamily space in Berwyn, IL has a median asking sale price of $216/SF (based on 3 listings). Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 55%
- Civic 30.8%
- Mixed use 9.1%
- Commercial 4%
- Industrial 1.2%
Largest Zones share of zoned land by district
The R-1 Single-Family Residence District is established to accommodate residential development in a manner consistent with the character of existing single-family neighborhoods in the city
Market overview
Demographics & Economy
Berwyn, IL has 64,706 residents in 25,111 households. Density runs 11,281 people per square mile. Median household income here is $73,993 and median gross rent $1,168 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Cicero | $143 | $16.36 |
| Oak Park | $142 | $16.00 |
| Broadview | $117 | $21.50 |
Commercial property in Berwyn, IL asks $176/SF. The 3 bordering markets run from $117/SF in Broadview to $143/SF in Cicero, and the city sits above their $142/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Berwyn?
How much does it cost to lease commercial space in Berwyn?
How does Berwyn compare to nearby markets on price?
Where does Realmo's Berwyn market data come from?
Methodology & data sources
- Asking prices and medians
- There are 34 active for-sale and 18 active for-lease listings in Berwyn, IL. The medians are based on 7 of the for-sale and 8 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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: 2,315 zoned acres across 10 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 31 October 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 31 October 2026 · How Realmo checks market page data · Report a data issue
