Commercial Real Estate Market in Deerfield, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
19 active listings and 249 off-market properties in Deerfield, IL.
Market Trends
Deerfield, IL spans 13.6 square miles in Lake County, Illinois. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Deerfield, IL runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Deerfield, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Deerfield, 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 Deerfield, IL 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 70.2%
- Industrial 13.1%
- Civic 12.4%
- Commercial 4.3%
Largest Zones share of zoned land by district
Deerfield, IL zones 3,517 acres across 12 districts. Commercial zoning covers 4.3% of zoned land, residential 70.2% and industrial 13.1%. The largest single district is Residential Single Family District at 35%. For commercial buyers the practical constraint is that only 17.4% of land carries a commercial or industrial designation.
The R-3 Single-Family Residence District is intended to provide for a suburban environment of single-family residences at the highest density permitted for such development in the Village. To protect the character of this district, all non-residential uses are prohibited except for special uses
Market overview
Demographics & Economy
Deerfield, IL has 28,013 residents in 10,657 households. Density runs 2,055 people per square mile. Median household income here is $186,786 and median gross rent $2,284 a month.
Tools
Frequently Asked Questions
How much does it cost to lease commercial space in Deerfield?
What zoning applies to commercial property in Deerfield?
Where does Realmo's Deerfield market data come from?
Methodology & data sources
- Asking prices and medians
- There are 4 active for-sale and 15 active for-lease listings in Deerfield, IL. Too few for-sale listings state a price per square foot for a sale median; the rent median is based on 3 of the for-lease listings that state a 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: 3,517 zoned acres across 12 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
