Commercial Real Estate Market in Quincy, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
61 active listings and 3,170 off-market properties in Quincy, IL. Commercial property asks $72/SF to buy (based on 6 listings) and $12.00/SF/Yr to lease (based on 8 listings).
Market Trends
Quincy, IL spans 150.4 square miles in Adams County, Illinois. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Quincy, IL runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Quincy, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Quincy, 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 Quincy, IL runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 68.1%
- Industrial 17.4%
- Commercial 6.4%
Largest Zones share of zoned land by district
Quincy, IL zones 29,718 acres across 21 districts. Commercial zoning covers 6.4% of zoned land, residential 68.1% and industrial 17.4%. The largest single district is Rural District at 36.4%. For commercial buyers the practical constraint is that only 23.8% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Quincy, IL has 50,523 residents in 23,639 households. Density runs 336 people per square mile. Median household income here is $63,031 and median gross rent $836 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Quincy?
How much does it cost to lease commercial space in Quincy?
What zoning applies to commercial property in Quincy?
Where does Realmo's Quincy market data come from?
Methodology & data sources
- Asking prices and medians
- There are 36 active for-sale and 25 active for-lease listings in Quincy, IL. The medians are based on 6 of the for-sale and 8 of the for-lease listings, those that state a price or rent per square foot. 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.
- Zoning and land use
- The current municipal zoning release: 29,718 zoned acres across 21 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 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
