Commercial Real Estate Market in New Lenox, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
63 active listings and 947 off-market properties in New Lenox, IL. Commercial property asks $2,679/SF to buy and $27.76/SF/Yr to lease.
Market Trends
New Lenox, IL spans 25.2 square miles in Will County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in New Lenox, 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 New Lenox, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in New Lenox, 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 New Lenox, IL runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
New Lenox, IL has 36,561 residents in 12,972 households. Density runs 1,453 people per square mile. Median household income here is $132,260 and median gross rent $1,304 a month.
36,561
Population
12,972
Households
2.8
Avg Household Size
39
Median Age
42%
College-Educated
98%
High-School Grad
25.2 sq mi
ZIP Area
1,453
Density / Sq Mi
$132,260
Median Household Income
$63,418
Median Earnings
$1,304
Median Rent
$373,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Mokena | — | $27.76 |
| Orland Park | — | $20.03 |
| Romeoville | — | $20.92 |
| Frankfort | — | $12.33 |
Commercial property in New Lenox, IL asks $2,679/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in New Lenox?
Commercial property in New Lenox, IL asks an average of $2,679 per square foot.
How much does it cost to lease commercial space in New Lenox?
Asking lease rates in New Lenox, IL average $27.76 per square foot per year.
Where does Realmo's New Lenox market data come from?
Realmo compiles New Lenox, IL figures from 7 recent recorded sales, 40 active sale listings, 23 active lease listings, 947 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 40 active for-sale and 23 active for-lease listings in New Lenox, 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
