Commercial Real Estate Market in Hawthorn Woods, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
465 active listings and 5,315 off-market properties in Hawthorn Woods, IL. Commercial property asks $38/SF to buy and $17.85/SF/Yr to lease.
Market Trends
Hawthorn Woods, IL spans 58.1 square miles in Lake County, Illinois. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Hawthorn Woods, 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 Hawthorn Woods, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Hawthorn Woods, 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 Hawthorn Woods, IL runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Hawthorn Woods, IL has 81,543 residents in 29,704 households. Density runs 1,404 people per square mile. Median household income here is $144,188 and median gross rent $1,695 a month.
81,543
Population
29,704
Households
2.7
Avg Household Size
41
Median Age
56%
College-Educated
93%
High-School Grad
58.1 sq mi
ZIP Area
1,404
Density / Sq Mi
$144,188
Median Household Income
$68,854
Median Earnings
$1,695
Median Rent
$412,801
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Vernon Hills | — | $16.65 |
| Mundelein | — | $19.85 |
Commercial property in Hawthorn Woods, IL asks $38/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Hawthorn Woods?
Commercial property in Hawthorn Woods, IL asks an average of $38 per square foot. The 3 most recent recorded sales traded at a median of $125/SF.
How much does it cost to lease commercial space in Hawthorn Woods?
Asking lease rates in Hawthorn Woods, IL average $17.85 per square foot per year.
Where does Realmo's Hawthorn Woods market data come from?
Realmo compiles Hawthorn Woods, IL figures from 8 recent recorded sales, 230 active sale listings, 235 active lease listings, 5,315 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 230 active for-sale and 235 active for-lease listings in Hawthorn Woods, 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
