Commercial Real Estate Market in Downers Grove, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
93 active listings and 946 off-market properties in Downers Grove, IL. Commercial property asks $56/SF to buy and $20.37/SF/Yr to lease.
Market Trends
Downers Grove, IL spans 28.7 square miles in DuPage County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Downers Grove, 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 Downers Grove, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Downers 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%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Downers Grove, IL runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Downers Grove, IL has 91,248 residents in 37,625 households. Density runs 3,177 people per square mile. Median household income here is $111,430 and median gross rent $1,566 a month.
91,248
Population
37,625
Households
2.4
Avg Household Size
42
Median Age
53%
College-Educated
95%
High-School Grad
28.7 sq mi
ZIP Area
3,177
Density / Sq Mi
$111,430
Median Household Income
$60,348
Median Earnings
$1,566
Median Rent
$403,183
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Valley View | — | — |
| Westmont | — | $15.16 |
| Lisle | — | $19.78 |
| Willowbrook | — | $18.74 |
Commercial property in Downers Grove, IL asks $56/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Downers Grove?
Commercial property in Downers Grove, IL asks an average of $56 per square foot. The 3 most recent recorded sales traded at a median of $325/SF.
How much does it cost to lease commercial space in Downers Grove?
Asking lease rates in Downers Grove, IL average $20.37 per square foot per year.
Where does Realmo's Downers Grove market data come from?
Realmo compiles Downers Grove, IL figures from 5 recent recorded sales, 48 active sale listings, 45 active lease listings, 946 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 48 active for-sale and 45 active for-lease listings in Downers Grove, 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.
- 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
