Commercial Real Estate Market in Joliet, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
165 active listings and 5,428 off-market properties in Joliet, IL. Commercial property asks $184/SF to buy and $16.50/SF/Yr to lease.
Market Trends
Joliet, IL spans 84.4 square miles in Will County, Illinois. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Joliet, IL has a median asking sale price of $208/SF (based on 4 listings). Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Joliet, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Joliet, 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 Joliet, 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 53.3%
- Industrial 43.2%
- Commercial 3.5%
Largest Zones share of zoned land by district
Joliet, IL zones 37,666 acres across 17 districts. Commercial zoning covers 3.5% of zoned land, residential 53.3% and industrial 43.2%. The largest single district is Single Family Residential District at 26%. For commercial buyers the practical constraint is that only 46.7% of land carries a commercial or industrial designation.
The R-2 zoning district has the same land use objectives as the R-1 district but allows for slightly greater densities
Market overview
Demographics & Economy
Joliet, IL has 168,413 residents in 65,141 households. Density runs 1,996 people per square mile. Median household income here is $82,443 and median gross rent $1,347 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Plainfield | $254 | $20.50 |
| Lemont | $219 | — |
Commercial property in Joliet, IL asks $184/SF. The 2 bordering markets run from $219/SF in Lemont to $254/SF in Plainfield, and the city sits below their $236/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Joliet?
How much does it cost to lease commercial space in Joliet?
How does Joliet compare to nearby markets on price?
What zoning applies to commercial property in Joliet?
Where does Realmo's Joliet market data come from?
Methodology & data sources
- Asking prices and medians
- There are 67 active for-sale and 98 active for-lease listings in Joliet, IL. The medians are based on 12 of the for-sale and 24 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.
- Zoning and land use
- The current municipal zoning release: 37,666 zoned acres across 17 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
