Commercial Real Estate Market in Norridge, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
6,420 active listings and 204,077 off-market properties in Norridge, IL. Commercial property asks $150/SF to buy and $25.62/SF/Yr to lease.
Market Trends
Norridge, IL spans 6.3 square miles in Cook County, Illinois. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Norridge, IL asks $23.41/SF/Yr to lease. Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Average Lease Price $/SF/Yr
Listings
Vacancy Rate % in Midwest region
Retail
Retail space in Norridge, IL asks $29.27/SF/Yr to lease. Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Average Lease Price $/SF/Yr
Listings
Vacancy Rate % in Midwest region
Industrial
Industrial space in Norridge, IL asks $11.50/SF/Yr to lease. Vacancy runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Average Lease Price $/SF/Yr
Listings
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Norridge, 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 85.1%
- Commercial 12.7%
- Industrial 2.2%
Largest Zones share of zoned land by district
Single Family Residence District
Single Family Residence District
General Business District
Commercial District
Multiple Family Residence District
Norridge, IL zones 1,156 acres across 14 districts. Commercial zoning covers 12.7% of zoned land, residential 85.1% and industrial 2.2%. The largest single district is Single Family Residence District at 67.1%. For commercial buyers the practical constraint is that only 14.9% of land carries a commercial or industrial designation.
Single Family Residence District (R-1)
The R-1 zone is intended to promote residential uses
Market overview
Demographics & Economy
Norridge, IL has 52,801 residents in 22,560 households. Density runs 8,356 people per square mile. Median household income here is $86,618 and median gross rent $1,321 a month.
52,801
Population
22,560
Households
2.3
Avg Household Size
42
Median Age
36%
College-Educated
89%
High-School Grad
6.3 sq mi
ZIP Area
8,356
Density / Sq Mi
$86,618
Median Household Income
$51,858
Median Earnings
$1,321
Median Rent
$345,874
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Schiller Park | — | $10.79 |
| Park Ridge | — | $25.00 |
| Niles | — | — |
Commercial property in Norridge, IL asks $150/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Norridge?
Commercial property in Norridge, IL asks an average of $150 per square foot.
How much does it cost to lease commercial space in Norridge?
Asking lease rates in Norridge, IL average $25.62 per square foot per year. Office asks $23.41/SF/Yr as of Q2 26, down from $26.55/SF/Yr in Q1 26.
What zoning applies to commercial property in Norridge?
Norridge, IL zones 1,156 acres across 14 districts, of which 12.7% is commercial and 2.2% industrial. The largest single district is Single Family Residence District at 67.1% of zoned land. The R-1 zone is intended to promote residential uses Residential zoning covers 85.1% and open space 0%.
Where does Realmo's Norridge market data come from?
Realmo compiles Norridge, IL figures from 8 recent recorded sales, 4,436 active sale listings, 1,984 active lease listings, 204,077 tracked off-market properties, the current Norridge zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 4,436 active for-sale and 1,984 active for-lease listings in Norridge, 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: 1,156 zoned acres across 14 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 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
