Commercial Real Estate Market in Buffalo Grove, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
46 active listings and 604 off-market properties in Buffalo Grove, IL. Commercial property asks $173/SF to buy (based on 5 listings) and $15.00/SF/Yr to lease (based on 3 listings).
Market Trends
Buffalo Grove, IL spans 9.8 square miles in Lake County, Illinois. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Buffalo Grove, IL has a median asking sale price of $173/SF (based on 3 listings). Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Buffalo Grove, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Buffalo Grove, 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 vacancy in Buffalo Grove, IL runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Market overview
Demographics & Economy
Buffalo Grove, IL has 43,227 residents in 16,551 households. Density runs 4,391 people per square mile. Median household income here is $129,932 and median gross rent $2,042 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Arlington Hts | $104 | $17.00 |
| Wheeling | $192 | $14.70 |
Commercial property in Buffalo Grove, IL asks $173/SF. The 2 bordering markets run from $104/SF in Arlington Hts to $192/SF in Wheeling, and the city sits above their $148/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Buffalo Grove?
How much does it cost to lease commercial space in Buffalo Grove?
How does Buffalo Grove compare to nearby markets on price?
Where does Realmo's Buffalo Grove market data come from?
Methodology & data sources
- Asking prices and medians
- There are 10 active for-sale and 36 active for-lease listings in Buffalo Grove, IL. The medians are based on 5 of the for-sale and 3 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.
- 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
