Commercial Real Estate Market in Hoffman Estates, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
469 active listings and 5,315 off-market properties in Hoffman Estates, IL. Commercial property asks $35/SF to buy and $17.85/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 August 2026.
Office
Office vacancy in Hoffman Estates, 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 Hoffman Estates, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
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%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Hoffman Estates, IL runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
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.
141,637
Population
55,333
Households
2.6
Avg Household Size
42
Median Age
58%
College-Educated
95%
High-School Grad
107.6 sq mi
ZIP Area
1,316
Density / Sq Mi
$134,165
Median Household Income
$68,506
Median Earnings
$2,033
Median Rent
$450,427
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Leeds | — | — |
| South Elgin | — | $19.67 |
| Streamwood | — | — |
| Fletcher | — | — |
Commercial property in Hoffman Estates, IL asks $35/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Hoffman Estates?
Commercial property in Hoffman Estates, IL asks an average of $35 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 Hoffman Estates?
Asking lease rates in Hoffman Estates, IL average $17.85 per square foot per year.
Where does Realmo's Hoffman Estates market data come from?
Realmo compiles Hoffman Estates, IL figures from 8 recent recorded sales, 231 active sale listings, 238 active lease listings, 5,315 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 231 active for-sale and 238 active for-lease listings in Hoffman Estates, 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 31 August 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 August 2026 · report a data issue
