Commercial Real Estate Market in New Memphis, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
Market Trends
New Memphis, IL spans 7.8 square miles in Clinton County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in New Memphis, 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 Memphis, 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 Memphis, 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 Memphis, 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 Memphis, IL has 248 residents in 113 households. Density runs 32 people per square mile.
248
Population
113
Households
2.2
Avg Household Size
36
Median Age
0%
College-Educated
100%
High-School Grad
7.8 sq mi
ZIP Area
32
Density / Sq Mi
$0
Median Household Income
$0
Median Earnings
$0
Median Rent
$0
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| New Baden | — | $24.00 |
| Damiansville | — | — |
| Venedy | — | — |
| Albers | — | — |
Methodology & data sources
- 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
