Commercial Real Estate Market in Park Ridge, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
41 active listings and 766 off-market properties in Park Ridge, IL. Commercial property asks $97/SF to buy and $26.40/SF/Yr to lease.
Market Trends
Park Ridge, IL spans 7.3 square miles in Cook County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Park Ridge, 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 Park Ridge, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Park Ridge, 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 Park Ridge, IL runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Park Ridge, IL has 39,672 residents in 15,999 households. Density runs 5,426 people per square mile. Median household income here is $138,201 and median gross rent $1,511 a month.
39,672
Population
15,999
Households
2.5
Avg Household Size
44
Median Age
65%
College-Educated
97%
High-School Grad
7.3 sq mi
ZIP Area
5,426
Density / Sq Mi
$138,201
Median Household Income
$78,495
Median Earnings
$1,511
Median Rent
$539,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Niles | — | — |
| Des Plaines | — | $20.23 |
| Morton Grove | — | $10.25 |
| Golf | — | — |
Commercial property in Park Ridge, IL asks $97/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Park Ridge?
Commercial property in Park Ridge, IL asks an average of $97 per square foot.
How much does it cost to lease commercial space in Park Ridge?
Asking lease rates in Park Ridge, IL average $26.40 per square foot per year.
Where does Realmo's Park Ridge market data come from?
Realmo compiles Park Ridge, IL figures from 8 recent recorded sales, 24 active sale listings, 17 active lease listings, 766 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 24 active for-sale and 17 active for-lease listings in Park Ridge, 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
