Commercial Real Estate Market in Burbank, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
120 active listings and 4,055 off-market properties in Burbank, IL. Commercial property asks $110/SF to buy and $26.13/SF/Yr to lease.
Market Trends
Burbank, IL spans 4.2 square miles in Cook County, Illinois. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Burbank, 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 Burbank, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Burbank, 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 Burbank, 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 78.3%
- Commercial 9%
Largest Zones share of zoned land by district
Single Family Residential
Single Family Residence District
Special Use
Commercial
Multifamily Residence District
Burbank, IL zones 1,982 acres across 6 districts. Commercial zoning covers 9% of zoned land, residential 78.3%. The largest single district is Single Family Residential at 60%. For commercial buyers the practical constraint is that only 9% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Burbank, IL has 29,451 residents in 10,012 households. Density runs 7,042 people per square mile. Median household income here is $83,975 and median gross rent $1,241 a month.
29,451
Population
10,012
Households
2.9
Avg Household Size
38
Median Age
15%
College-Educated
79%
High-School Grad
4.2 sq mi
ZIP Area
7,042
Density / Sq Mi
$83,975
Median Household Income
$41,931
Median Earnings
$1,241
Median Rent
$258,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Oak Lawn | — | $26.13 |
| Chicago Ridge | — | — |
Commercial property in Burbank, IL asks $110/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Burbank?
Commercial property in Burbank, IL asks an average of $110 per square foot.
How much does it cost to lease commercial space in Burbank?
Asking lease rates in Burbank, IL average $26.13 per square foot per year.
What zoning applies to commercial property in Burbank?
Burbank, IL zones 1,982 acres across 6 districts, of which 9% is commercial and 0% industrial. The largest single district is Single Family Residential at 60% of zoned land. Residential zoning covers 78.3% and open space 0%.
Where does Realmo's Burbank market data come from?
Realmo compiles Burbank, IL figures from 8 recent recorded sales, 66 active sale listings, 54 active lease listings, 4,055 tracked off-market properties, the current Burbank zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 66 active for-sale and 54 active for-lease listings in Burbank, 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: 1,982 zoned acres across 6 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
