Commercial Real Estate Market in Olympia Fields, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
19 active listings and 77 off-market properties in Olympia Fields, IL.
Market Trends
Olympia Fields, IL spans 3.4 square miles in Cook County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Olympia Fields, 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 Olympia Fields, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Olympia Fields, 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 Olympia Fields, IL runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Olympia Fields, IL has 4,785 residents in 2,034 households. Density runs 1,421 people per square mile. Median household income here is $108,203 and median gross rent $3,501 a month.
4,785
Population
2,034
Households
2.4
Avg Household Size
54
Median Age
49%
College-Educated
97%
High-School Grad
3.4 sq mi
ZIP Area
1,421
Density / Sq Mi
$108,203
Median Household Income
$59,914
Median Earnings
$3,501
Median Rent
$289,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Matteson | — | — |
| Homewood | — | $19.83 |
| Chicago Heights | — | $11.00 |
| Richton Park | — | — |
Commercial property in Olympia Fields, IL asks $18/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Olympia Fields?
Commercial property in Olympia Fields, IL asks an average of $18 per square foot.
Where does Realmo's Olympia Fields market data come from?
Realmo compiles Olympia Fields, IL figures from 15 active sale listings, 4 active lease listings, 77 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 15 active for-sale and 4 active for-lease listings in Olympia Fields, 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
