Commercial Real Estate Market in Joliet, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
233 active listings and 5,428 off-market properties in Joliet, IL. Commercial property asks $78/SF to buy and $18.08/SF/Yr to lease.
Market Trends
Joliet, IL spans 84.4 square miles in Will County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Joliet, 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 Joliet, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
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%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Joliet, IL runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
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
Single Family Residential District
Light Industrial District
Single Family Residential District
General Industrial Districts
General Business 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.
Single Family Residential District (R-2)
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.
168,413
Population
65,141
Households
2.6
Avg Household Size
37
Median Age
23%
College-Educated
85%
High-School Grad
84.4 sq mi
ZIP Area
1,996
Density / Sq Mi
$82,443
Median Household Income
$42,261
Median Earnings
$1,347
Median Rent
$225,409
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Rockdale | — | — |
| Crest Hill | — | — |
| Lockport | — | — |
| New Lenox | — | $27.76 |
Commercial property in Joliet, IL asks $78/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Joliet?
Commercial property in Joliet, IL asks an average of $78 per square foot.
How much does it cost to lease commercial space in Joliet?
Asking lease rates in Joliet, IL average $18.08 per square foot per year.
What zoning applies to commercial property in Joliet?
Joliet, IL zones 37,666 acres across 17 districts, of which 3.5% is commercial and 43.2% industrial. The largest single district is Single Family Residential District at 26% of zoned land. The R-2 zoning district has the same land use objectives as the R-1 district but allows for slightly greater densities Residential zoning covers 53.3% and open space 0%.
Where does Realmo's Joliet market data come from?
Realmo compiles Joliet, IL figures from 8 recent recorded sales, 139 active sale listings, 94 active lease listings, 5,428 tracked off-market properties, the current Joliet zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 139 active for-sale and 94 active for-lease listings in Joliet, 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.
- 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 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
