Commercial Real Estate Market in River Forest, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
8 active listings and 295 off-market properties in River Forest, IL.
Market Trends
River Forest, IL spans 2.5 square miles in Cook County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in River Forest, 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 River Forest, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in River Forest, 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 River Forest, IL runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
River Forest, IL has 11,710 residents in 4,494 households. Density runs 4,727 people per square mile. Median household income here is $148,711 and median gross rent $1,411 a month.
11,710
Population
4,494
Households
2.6
Avg Household Size
40
Median Age
73%
College-Educated
97%
High-School Grad
2.5 sq mi
ZIP Area
4,727
Density / Sq Mi
$148,711
Median Household Income
$83,347
Median Earnings
$1,411
Median Rent
$676,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Oak Park | — | $14.00 |
| Melrose Park | — | — |
| River Grove | — | — |
| Hines | — | — |
Commercial property in River Forest, IL asks $215/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in River Forest?
Commercial property in River Forest, IL asks an average of $215 per square foot.
Where does Realmo's River Forest market data come from?
Realmo compiles River Forest, IL figures from 5 recent recorded sales, 6 active sale listings, 2 active lease listings, 295 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 6 active for-sale and 2 active for-lease listings in River Forest, 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
