Commercial Real Estate Market in Berwyn, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
47 active listings and 3,931 off-market properties in Berwyn, IL. Commercial property asks $314/SF to buy and $25.67/SF/Yr to lease.
Market Trends
Berwyn, IL spans 5.7 square miles in Cook County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Berwyn, 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 Berwyn, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
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%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Berwyn, 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 55%
- Civic 30.8%
- Mixed use 9.1%
- Commercial 4%
- Industrial 1.2%
Largest Zones share of zoned land by district
Single Family Residence District
Bungalow District
Two Family Residence District
Public Areas District
Traditional Mixed Use District
Single Family Residence District (R-1)
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.
64,706
Population
25,111
Households
2.6
Avg Household Size
37
Median Age
25%
College-Educated
85%
High-School Grad
5.7 sq mi
ZIP Area
11,281
Density / Sq Mi
$73,993
Median Household Income
$42,802
Median Earnings
$1,168
Median Rent
$277,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| North Riverside | — | — |
| Cicero | — | — |
| Hines | — | — |
| Oak Park | — | $14.00 |
Commercial property in Berwyn, IL asks $314/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Berwyn?
Commercial property in Berwyn, IL asks an average of $314 per square foot.
How much does it cost to lease commercial space in Berwyn?
Asking lease rates in Berwyn, IL average $25.67 per square foot per year.
Where does Realmo's Berwyn market data come from?
Realmo compiles Berwyn, IL figures from 7 recent recorded sales, 31 active sale listings, 16 active lease listings, 3,931 tracked off-market properties, the current Berwyn zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 31 active for-sale and 16 active for-lease listings in Berwyn, 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: 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 August 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 August 2026 · report a data issue
