Hoffman Estates, IL Shopping Centers for Lease
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Hoffman Estates, IL Shopping centers Lease Rates & Market Statistics
Explore 35 Shopping centers for lease in Hoffman Estates, IL on Realmo, a commercial real estate exchange covering the Hoffman Estates area. The current inventory totals 245,147 square feet of properties — an average of ~7,000 SF per listing.
Asking lease rates for Shopping centers in Hoffman Estates start at $19 SF/Yr, average $21.33 SF/Yr, and reach $25 SF/Yr at the top of the market. Pricing across the market is relatively uniform, which simplifies like-for-like comparison between listings. The local average of $21.33 SF/Yr is 15% above the Illinois state average of $18.60 SF/Yr.
Hoffman Estates accounts for 53% of the 66 shopping centers currently available across Lake County, where nearby markets include Buffalo Grove and Kildeer. Shopping centers make up 51% of the 69 Retail properties & Spaces currently for lease in Hoffman Estates, with asking rates in line with the citywide Retail properties & Spaces average. Also worth a look for tenants weighing alternatives: Storefront properties (8 listings) and Automotive properties (3 listings) elsewhere in the Hoffman Estates market.