Commercial Real Estate Market in Franklin Park, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
84 active listings and 2,179 off-market properties in Franklin Park, IL. Commercial property asks $65/SF to buy and $10.79/SF/Yr to lease.
Market Trends
Franklin Park, IL spans 5.4 square miles in Cook County, Illinois. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Franklin 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 Franklin 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 Franklin 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 Franklin 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
Franklin Park, IL has 18,205 residents in 6,120 households. Density runs 3,349 people per square mile. Median household income here is $76,404 and median gross rent $1,092 a month.
18,205
Population
6,120
Households
3
Avg Household Size
39
Median Age
19%
College-Educated
77%
High-School Grad
5.4 sq mi
ZIP Area
3,349
Density / Sq Mi
$76,404
Median Household Income
$39,117
Median Earnings
$1,092
Median Rent
$261,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Schiller Park | — | $10.79 |
| Melrose Park | — | — |
| Bensenville | — | $21.38 |
Commercial property in Franklin Park, IL asks $65/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Franklin Park?
Commercial property in Franklin Park, IL asks an average of $65 per square foot.
How much does it cost to lease commercial space in Franklin Park?
Asking lease rates in Franklin Park, IL average $10.79 per square foot per year.
Where does Realmo's Franklin Park market data come from?
Realmo compiles Franklin Park, IL figures from 7 recent recorded sales, 44 active sale listings, 40 active lease listings, 2,179 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 44 active for-sale and 40 active for-lease listings in Franklin 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
