Commercial Real Estate Market in Rockford, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
372 active listings and 5,902 off-market properties in Rockford, IL. Commercial property asks $44/SF to buy and $17.75/SF/Yr to lease.
Market Trends
Rockford, IL spans 180.4 square miles in Winnebago County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Rockford, 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 Rockford, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Rockford, 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 space in Rockford, IL asks $89/SF to buy. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 59.8%
- Industrial 27.9%
- Commercial 11.6%
- Mixed use 0.7%
Largest Zones share of zoned land by district
Single Family Residential
General Industrial
Light Industrial
Rural Estate
Two Family Residential
Rockford, IL zones 35,826 acres across 12 districts. Commercial zoning covers 11.6% of zoned land, residential 59.8% and industrial 27.9%. The largest single district is Single Family Residential at 40.3%. For commercial buyers the practical constraint is that only 39.5% of land carries a commercial or industrial designation.
Single Family Residential (R1)
R-1 Single-Family Residential R-1U Single-Family Residential, Urban R-2 Two-Family Residential R-3 Multifamily Residential R-4 Multifamily Residential 20-003 NAMES AND MAP SYMBOLS The “R” district names and map symbols are intended to provide a general indication of what is allowed in the district, with the “R” denoting the residential orientation of the dis…
Market overview
Demographics & Economy
Rockford, IL has 203,360 residents in 90,734 households. Density runs 1,127 people per square mile. Median household income here is $59,597 and median gross rent $996 a month.
203,360
Population
90,734
Households
2.2
Avg Household Size
39
Median Age
22%
College-Educated
86%
High-School Grad
180.4 sq mi
ZIP Area
1,127
Density / Sq Mi
$59,597
Median Household Income
$36,765
Median Earnings
$996
Median Rent
$130,307
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Loves Park | — | — |
| Winnebago | — | — |
| Harrison | — | — |
| Shirland | — | — |
Commercial property in Rockford, IL asks $44/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Rockford?
Commercial property in Rockford, IL asks an average of $44 per square foot. The 6 most recent recorded sales traded at a median of $161/SF. Multifamily carries the highest asking price at $89/SF.
How much does it cost to lease commercial space in Rockford?
Asking lease rates in Rockford, IL average $17.75 per square foot per year.
What zoning applies to commercial property in Rockford?
Rockford, IL zones 35,826 acres across 12 districts, of which 11.6% is commercial and 27.9% industrial. The largest single district is Single Family Residential at 40.3% of zoned land. R-1 Single-Family Residential R-1U Single-Family Residential, Urban R-2 Two-Family Residential R-3 Multifamily Residential R-4 Multifamily Residential 20-003 NAMES AND MAP SYMBOLS The “R” district names and map symbols are intended to provide a general indication of what is allowed in the district, with the “R” denoting the residential orientation of the dis… Residential zoning covers 59.8% and open space 0%.
Where does Realmo's Rockford market data come from?
Realmo compiles Rockford, IL figures from 6 recent recorded sales, 277 active sale listings, 95 active lease listings, 5,902 tracked off-market properties, the current Rockford zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 277 active for-sale and 95 active for-lease listings in Rockford, 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.
- Zoning and land use
- The current municipal zoning release: 35,826 zoned acres across 12 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 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
