Commercial Real Estate Market in Palos Heights, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
17 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 October 2026.
Office
Office vacancy in Palos Heights, IL runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Palos Heights, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
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%.
Multifamily
Multifamily vacancy in Palos Heights, IL runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
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.
Tools
Nearby Markets
Commercial property in Palos Heights, IL asks $192/SF. The 2 bordering markets run from $121/SF in Crestwood to $213/SF in Oak Lawn, and the city sits above their $167/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Palos Heights?
How does Palos Heights compare to nearby markets on price?
Where does Realmo's Palos Heights market data come from?
Methodology & data sources
- Asking prices and medians
- There are 8 active for-sale and 9 active for-lease listings in Palos Heights, IL. The sale median is based on 3 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
