Commercial Real Estate Market in Hoffman Estates, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
330 active listings and 5,313 off-market properties in Hoffman Estates, IL. Commercial property asks $138/SF to buy and $17.00/SF/Yr to lease.
Market Trends
Hoffman Estates, IL spans 107.6 square miles in Lake County, Illinois. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Hoffman Estates, IL has a median asking sale price of $127/SF. Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail space in Hoffman Estates, IL has a median asking sale price of $94/SF (based on 6 listings). Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Hoffman Estates, 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 Hoffman Estates, IL runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Market overview
Demographics & Economy
Hoffman Estates, IL has 141,637 residents in 55,333 households. Density runs 1,316 people per square mile. Median household income here is $134,165 and median gross rent $2,033 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Streamwood | $145 | — |
| Hanover Park | $158 | $13.00 |
Commercial property in Hoffman Estates, IL asks $138/SF. The 2 bordering markets run from $145/SF in Streamwood to $158/SF in Hanover Park, and the city sits below their $151/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Hoffman Estates?
How much does it cost to lease commercial space in Hoffman Estates?
How does Hoffman Estates compare to nearby markets on price?
Where does Realmo's Hoffman Estates market data come from?
Methodology & data sources
- Asking prices and medians
- There are 98 active for-sale and 232 active for-lease listings in Hoffman Estates, IL. The medians are based on 22 of the for-sale and 55 of the for-lease listings, those that state a price or rent per square foot. 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.
- 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
