Commercial Real Estate Market in Palos Heights, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
18 active listings and 258 off-market properties in Palos Heights, IL.
Market Trends
Palos Heights, IL spans 5.3 square miles in Cook County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Palos Heights, 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 Palos Heights, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Palos Heights, 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 Palos Heights, IL runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Palos Heights, IL has 14,048 residents in 5,501 households. Density runs 2,668 people per square mile. Median household income here is $105,389 and median gross rent $2,119 a month.
14,048
Population
5,501
Households
2.6
Avg Household Size
52
Median Age
41%
College-Educated
97%
High-School Grad
5.3 sq mi
ZIP Area
2,668
Density / Sq Mi
$105,389
Median Household Income
$64,885
Median Earnings
$2,119
Median Rent
$343,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Worth | — | — |
| Palos Park | — | — |
| Palos Hills | — | $17.40 |
| Crestwood | — | — |
Commercial property in Palos Heights, IL asks $554/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Palos Heights?
Commercial property in Palos Heights, IL asks an average of $554 per square foot.
Where does Realmo's Palos Heights market data come from?
Realmo compiles Palos Heights, IL figures from 7 recent recorded sales, 10 active sale listings, 8 active lease listings, 258 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 10 active for-sale and 8 active for-lease listings in Palos Heights, 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
