Commercial Real Estate Market in Highland, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
10 active listings and 557 off-market properties in Highland, IL.
Market Trends
Highland, IL spans 88.7 square miles in Madison County, Illinois. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Highland, IL runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Highland, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Highland, 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%.
Multifamily
Multifamily vacancy in Highland, IL runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 75%
- Industrial 12.5%
- Commercial 11.6%
- Mixed use 0.9%
Largest Zones share of zoned land by district
Highland, IL zones 5,235 acres across 12 districts. Commercial zoning covers 11.6% of zoned land, residential 75% and industrial 12.5%. The largest single district is Single Family Residence 70 Feet Lot Width at 58.5%. For commercial buyers the practical constraint is that only 24.1% of land carries a commercial or industrial designation.
This district is principally used for detached single-family dwellings, and related educational, religious and recreational facilities.
Market overview
Demographics & Economy
Highland, IL has 16,052 residents in 7,317 households. Density runs 181 people per square mile. Median household income here is $88,986 and median gross rent $779 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Highland?
What zoning applies to commercial property in Highland?
Where does Realmo's Highland market data come from?
Methodology & data sources
- Asking prices and medians
- There are 9 active for-sale and 1 active for-lease listings in Highland, IL. The sale median is based on 3 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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.
- Zoning and land use
- The current municipal zoning release: 5,235 zoned acres across 12 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 October 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 31 October 2026 · How Realmo checks market page data · Report a data issue
