Commercial Real Estate Market in Markham, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
16 active listings and 1,052 off-market properties in Markham, IL.
Market Trends
Markham, IL spans 12.8 square miles in Cook County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Markham, 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 Markham, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Markham, 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 Markham, 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 54.6%
- Open space 13.8%
- Industrial 10.3%
- Commercial 5.3%
- Civic 1.8%
Largest Zones share of zoned land by district
One Family Residential
Prairie Conservation
One Family Residential
One Family Residential
One Family Residential
Markham, IL zones 3,200 acres across 16 districts. Commercial zoning covers 5.3% of zoned land, residential 54.6%, open space 13.8% and industrial 10.3%. The largest single district is One Family Residential at 21.9%. For commercial buyers the practical constraint is that only 15.6% of land carries a commercial or industrial designation.
Prairie Conservation (PR)
C-1 - Neighborhood Shopping C-2 - Community Shopping C-3 - Hotel-Office-Research CH - Church L-1 - Light Manufacturing L-2 - Light Manufacturing L-3 - Motor Freight Terminal Municipal Boundaries M - Municipal P - Parks PR - Prairie/Conservation S - School SU - Special Use Prepared by- Teska Associates, inc. Figure 6.3: Existing Zoning Map for the City of Mar…
Market overview
Demographics & Economy
Markham, IL has 35,465 residents in 15,008 households. Density runs 2,769 people per square mile. Median household income here is $44,856 and median gross rent $1,211 a month.
35,465
Population
15,008
Households
2.4
Avg Household Size
37
Median Age
12%
College-Educated
80%
High-School Grad
12.8 sq mi
ZIP Area
2,769
Density / Sq Mi
$44,856
Median Household Income
$32,960
Median Earnings
$1,211
Median Rent
$98,230
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Country Club Hills | — | — |
| Tinley Park | — | $18.83 |
| Oak Forest | — | $18.75 |
| Posen | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Markham?
Markham, IL zones 3,200 acres across 16 districts, of which 5.3% is commercial and 10.3% industrial. The largest single district is One Family Residential at 21.9% of zoned land. Residential zoning covers 54.6% and open space 13.8%.
Where does Realmo's Markham market data come from?
Realmo compiles Markham, IL figures from 8 recent recorded sales, 12 active sale listings, 4 active lease listings, 1,052 tracked off-market properties, the current Markham zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 12 active for-sale and 4 active for-lease listings in Markham, 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: 3,200 zoned acres across 16 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
