Commercial Real Estate Market in Elmwood Park, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
6,414 active listings and 204,077 off-market properties in Elmwood Park, IL. Commercial property asks $149/SF to buy and $25.62/SF/Yr to lease.
Market Trends
Elmwood Park, IL spans 3.6 square miles in Cook County, Illinois. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Elmwood Park, IL asks $23.41/SF/Yr to lease. Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Average Lease Price $/SF/Yr
Listings
Vacancy Rate % in Midwest region
Retail
Retail space in Elmwood Park, IL asks $29.27/SF/Yr to lease. Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Average Lease Price $/SF/Yr
Listings
Vacancy Rate % in Midwest region
Industrial
Industrial space in Elmwood Park, IL asks $11.50/SF/Yr to lease. Vacancy runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Average Lease Price $/SF/Yr
Listings
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Elmwood Park, IL runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Elmwood Park, IL has 43,241 residents in 16,590 households. Density runs 12,086 people per square mile. Median household income here is $82,746 and median gross rent $1,309 a month.
43,241
Population
16,590
Households
2.6
Avg Household Size
41
Median Age
31%
College-Educated
86%
High-School Grad
3.6 sq mi
ZIP Area
12,086
Density / Sq Mi
$82,746
Median Household Income
$48,093
Median Earnings
$1,309
Median Rent
$315,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Oak Park | — | $14.00 |
| Melrose Park | — | — |
Commercial property in Elmwood Park, IL asks $149/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Elmwood Park?
Commercial property in Elmwood Park, IL asks an average of $149 per square foot.
How much does it cost to lease commercial space in Elmwood Park?
Asking lease rates in Elmwood Park, IL average $25.62 per square foot per year. Office asks $23.41/SF/Yr as of Q2 26, down from $26.55/SF/Yr in Q1 26.
Where does Realmo's Elmwood Park market data come from?
Realmo compiles Elmwood Park, IL figures from 8 recent recorded sales, 4,430 active sale listings, 1,984 active lease listings, 204,077 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 4,430 active for-sale and 1,984 active for-lease listings in Elmwood Park, 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 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
