Commercial Real Estate Market in Western Springs, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
19 active listings and 158 off-market properties in Western Springs, IL. Commercial property asks $112/SF to buy and $35.38/SF/Yr to lease.
Market Trends
Western Springs, IL spans 2.8 square miles in Cook County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Western Springs, 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 Western Springs, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Western Springs, 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 Western Springs, IL runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Western Springs, IL has 13,629 residents in 4,568 households. Density runs 4,792 people per square mile. Median household income here is $218,839 and median gross rent $1,932 a month.
13,629
Population
4,568
Households
3
Avg Household Size
41
Median Age
82%
College-Educated
99%
High-School Grad
2.8 sq mi
ZIP Area
4,792
Density / Sq Mi
$218,839
Median Household Income
$96,500
Median Earnings
$1,932
Median Rent
$691,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| La Grange | — | — |
| Oak Brook | — | $22.14 |
| Burr Ridge | — | $15.33 |
| Hinsdale | — | — |
Commercial property in Western Springs, IL asks $112/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Western Springs?
Commercial property in Western Springs, IL asks an average of $112 per square foot.
How much does it cost to lease commercial space in Western Springs?
Asking lease rates in Western Springs, IL average $35.38 per square foot per year.
Where does Realmo's Western Springs market data come from?
Realmo compiles Western Springs, IL figures from 8 recent recorded sales, 4 active sale listings, 15 active lease listings, 158 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 4 active for-sale and 15 active for-lease listings in Western Springs, 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
