Commercial Real Estate Market in Forest Park, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
238 active listings and 5,428 off-market properties in Forest Park, IL. Commercial property asks $79/SF to buy and $17.76/SF/Yr to lease.
Market Trends
Forest Park, IL spans 2.8 square miles in Will County, Illinois. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Forest Park, 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 Forest Park, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Forest Park, 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 Forest 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
Forest Park, IL has 14,346 residents in 7,777 households. Density runs 5,091 people per square mile. Median household income here is $81,323 and median gross rent $1,352 a month.
14,346
Population
7,777
Households
1.8
Avg Household Size
42
Median Age
50%
College-Educated
95%
High-School Grad
2.8 sq mi
ZIP Area
5,091
Density / Sq Mi
$81,323
Median Household Income
$61,518
Median Earnings
$1,352
Median Rent
$293,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Oak Park | — | $14.00 |
| Berwyn | — | $25.43 |
| Broadview | — | $17.16 |
Commercial property in Forest Park, IL asks $79/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Forest Park?
Commercial property in Forest Park, IL asks an average of $79 per square foot.
How much does it cost to lease commercial space in Forest Park?
Asking lease rates in Forest Park, IL average $17.76 per square foot per year.
Where does Realmo's Forest Park market data come from?
Realmo compiles Forest Park, IL figures from 8 recent recorded sales, 142 active sale listings, 96 active lease listings, 5,428 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 142 active for-sale and 96 active for-lease listings in Forest 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
