Commercial Real Estate Market in Northbrook, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
87 active listings and 3,170 off-market properties in Northbrook, IL. Commercial property asks $278/SF to buy and $13.22/SF/Yr to lease.
Market Trends
Northbrook, IL spans 18.9 square miles in Adams County, Illinois. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Northbrook, 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 Northbrook, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Northbrook, 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 Northbrook, 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 57%
- Commercial 14.9%
- Open space 13.8%
- Industrial 7.9%
- Civic 6.6%
Largest Zones share of zoned land by district
Single Family Residential Districts
Open Space District
Single Family Residential Districts
Institutional Building District
Restricted Industrial District
Northbrook, IL zones 8,418 acres across 27 districts. Commercial zoning covers 14.9% of zoned land, residential 57%, open space 13.8% and industrial 7.9%. The largest single district is Single Family Residential Districts at 27%. For commercial buyers the practical constraint is that only 22.8% of land carries a commercial or industrial designation.
Open Space District (OS)
Regulation IB OS Dry Cleaning Facility, Processing On-Site Building Material, Machinery, and Equipment Sales or Storage Fuel Sales (inclusive of EV charging stations) Industry, Heavy Industry, Light Materials Salvage Yard/Recycling Operations Microbrewery/Winery/Distillery With or Without Tasting Room Motor Vehicle Sales/Rental, With Open Sales Lot Motor Veh…
Market overview
Demographics & Economy
Northbrook, IL has 42,751 residents in 17,892 households. Density runs 2,261 people per square mile. Median household income here is $142,759 and median gross rent $1,921 a month.
42,751
Population
17,892
Households
2.4
Avg Household Size
48
Median Age
71%
College-Educated
96%
High-School Grad
18.9 sq mi
ZIP Area
2,261
Density / Sq Mi
$142,759
Median Household Income
$77,188
Median Earnings
$1,921
Median Rent
$625,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Deerfield | — | $23.06 |
| Northfield | — | $50.00 |
| Glenview | — | $19.88 |
| Highland Park | — | $31.33 |
Commercial property in Northbrook, IL asks $278/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Northbrook?
Commercial property in Northbrook, IL asks an average of $278 per square foot.
How much does it cost to lease commercial space in Northbrook?
Asking lease rates in Northbrook, IL average $13.22 per square foot per year.
What zoning applies to commercial property in Northbrook?
Northbrook, IL zones 8,418 acres across 27 districts, of which 14.9% is commercial and 7.9% industrial. The largest single district is Single Family Residential Districts at 27% of zoned land. Residential zoning covers 57% and open space 13.8%.
Where does Realmo's Northbrook market data come from?
Realmo compiles Northbrook, IL figures from 8 recent recorded sales, 52 active sale listings, 35 active lease listings, 3,170 tracked off-market properties, the current Northbrook zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 52 active for-sale and 35 active for-lease listings in Northbrook, 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: 8,418 zoned acres across 27 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
