Commercial Real Estate Market in Lake Zurich, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
460 active listings and 5,315 off-market properties in Lake Zurich, IL. Commercial property asks $32/SF to buy and $17.75/SF/Yr to lease.
Market Trends
Lake Zurich, IL spans 34.9 square miles in Lake County, Illinois. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Lake Zurich, 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 Lake Zurich, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Lake Zurich, 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 Lake Zurich, IL runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Lake Zurich, IL has 43,944 residents in 15,877 households. Density runs 1,260 people per square mile. Median household income here is $173,043 and median gross rent $1,817 a month.
43,944
Population
15,877
Households
2.8
Avg Household Size
43
Median Age
67%
College-Educated
97%
High-School Grad
34.9 sq mi
ZIP Area
1,260
Density / Sq Mi
$173,043
Median Household Income
$82,803
Median Earnings
$1,817
Median Rent
$510,000
Median Home Value
Tools
Nearby Markets
Commercial property in Lake Zurich, IL asks $32/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lake Zurich?
Commercial property in Lake Zurich, IL asks an average of $32 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 Lake Zurich?
Asking lease rates in Lake Zurich, IL average $17.75 per square foot per year.
Where does Realmo's Lake Zurich market data come from?
Realmo compiles Lake Zurich, IL figures from 8 recent recorded sales, 227 active sale listings, 233 active lease listings, 5,315 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 227 active for-sale and 233 active for-lease listings in Lake Zurich, 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 30 September 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 30 September 2026 · report a data issue
