Commercial Real Estate Market in Hazel Crest, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
22 active listings and 401 off-market properties in Hazel Crest, IL. Commercial property asks $61/SF to buy and $33.39/SF/Yr to lease.
Market Trends
Hazel Crest, IL spans 4.1 square miles in Cook County, Illinois. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Hazel Crest, 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 Hazel Crest, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Hazel Crest, 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 Hazel Crest, IL runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Hazel Crest, IL has 14,683 residents in 5,969 households. Density runs 3,604 people per square mile. Median household income here is $62,231 and median gross rent $1,440 a month.
14,683
Population
5,969
Households
2.5
Avg Household Size
39
Median Age
24%
College-Educated
92%
High-School Grad
4.1 sq mi
ZIP Area
3,604
Density / Sq Mi
$62,231
Median Household Income
$43,120
Median Earnings
$1,440
Median Rent
$180,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| East Hazel Crest | — | $33.39 |
| Homewood | — | $20.14 |
Commercial property in Hazel Crest, IL asks $61/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Hazel Crest?
Commercial property in Hazel Crest, IL asks an average of $61 per square foot.
How much does it cost to lease commercial space in Hazel Crest?
Asking lease rates in Hazel Crest, IL average $33.39 per square foot per year.
Where does Realmo's Hazel Crest market data come from?
Realmo compiles Hazel Crest, IL figures from 7 recent recorded sales, 11 active sale listings, 11 active lease listings, 401 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 11 active for-sale and 11 active for-lease listings in Hazel Crest, 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
