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Commercial Real Estate in Aurora, IL - 232 Properties Available

Aurora, IL - Commercial Properties

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Aurora, IL Economic Overview

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Located in the western region of Greater Chicago, the city of Aurora is the second most populous city in Illinois. Because of its convenient location in the suburbs of Chicago, Aurora has plenty of room and momentum for commercial growth, which makes the Aurora commercial real estate market a prime location for development. The city’s population was last estimated at 198,000 in the 2010 census and the number continues to grow.

Nicknamed the “City of Lights" for being the first city in the U.S. to have used street lights, Aurora has always been on the cutting edge of innovation. A mid-sized manufacturing city during the industrial revolution, it was part of the “Factory Belt" that stretched along the Midwest.

Although manufacturing is on a declining path, Aurora certainly is not. Always eager to be the first in innovation, Aurora was the first city to operate its own electrical plant, the first in the state to provide free schooling, the first city in Illinois to build a YMCA, and the first to connect all public schools to the internet.

The people of Aurora are hardwired to stay ahead of the game and the city’s economic outlook is promising.

Aurora, IL Commercial Real Estate Market

Aurora has five access points along the East/West Tollway Corridor, making it an ideal place for businesses to have reach across the state. Due to the region’s commercial growth and development of corporate offices on both the east and west sides, the city’s boundaries continue to expand.

The West Side is considered to be the “Historic District" of Aurora, and is brimming with architectural landmarks, including Frank Lloyd Wright designs from the early 1900s. Historic homes and buildings provide alternatives on the commercial real estate market, with adaptive reuse projects that allow for modern businesses to thrive while preserving the look and feel of the area. West Aurora includes the Boulevard District, West Park, Orchard Gateway Business District and the Prime Aurora Business Park

The East Side is home of the Fox Valley Mall and the Chicago Premium Shopping Mall. It is a popular location for commercial development because it has the space to accommodate large businesses. Includes the Fox Valley and Fox Valley East, Madison Park, Meridian and Laurel Ridge neighborhoods.

Downtown Aurora is festive, flavorful, and attractive to younger crowds. Home to the Paramount Theater and the Hollywood Casino, Downtown Aurora has a rich culture and vibrant, creative community. It is a neighborhood where Aurora’s developing market can diversify and explore creative avenues of growth.

Aurora, IL Office Sales Volume

Data provided by Yardi Matrix, for properties larger than 50K SF, which sold at over $5M.

Aurora, IL Office Transactions

Data provided by Yardi Matrix, for properties larger than 50K SF, which sold at over $5M.

Aurora, IL Commercial Inventory Breakdown

Office Spaces

Total: 1,770,214 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail

By square footage range:

  • 50k to 100k SF: 552,193 SF / 31.19% of total office
  • 100k to 500k SF: 1,218,021 SF / 68.81% of total office

By class:

  • Class B: 1,770,214 SF / 100% of total office

Industrial

Total: 20,863,966 SF

Data provided by Yardi Matrix, properties over 50k SF

By square footage range:

  • 50k to 100k SF: 372,650 SF / 1.79% of total industrial
  • 100k to 500k SF: 13,111,337 SF / 62.84% of total industrial
  • 500k to 1M SF: 7,379,979 SF / 35.37% of total industrial

By class:

  • Class A: 16,076,587 SF / 77.05% of total industrial
  • Class B: 4,254,223 SF / 20.39% of total industrial
  • Class C: 348,584 SF / 1.67% of total industrial

Employment in Aurora, IL

Employment

Aurora has a deeply rooted manufacturing background that is still significant today. With much production based in railroad development and transportation, it is no surprise that 18% of the population works in Production and Transportation and Material Moving.

See below the top 5 employment sectors and the percentage of Arlington residents they employ:

  • Production, Transportation and Material Moving (17.81%);
  • Management, Business, Finance (15.88%);
  • Sales, Office, Administrative Support (15.18%);
  • Food Preparation, Serving (10.88%);
  • Education, Library (6.4%).

The unemployment rate in Aurora is 5.7%, with job growth estimated a yearly rate of 1.52%. Aurora’s largest employers include Caterpillar, West/East Aurora Public Schools and MetLife.

Education in Aurora, IL

Aurora resident have access to plenty of higher education opportunities. Aurora University is an accredited four-year university and is the largest in the city. Other institutions include Waubonsee Community College, Rasmussen College, and Robert Morris University.

Within a commutable distance, residents can also easily attend Northern Illinois University and the College of DuPage. Education is valued in Aurora, where 76.2% of residents are high school graduates and 31.1% of residents have a bachelor’s degree or higher.

Commuting Time in Aurora, IL

The preferred method of transportation in Aurora is by car. The average drive time to work for Aurora residents is 29 minutes, which is higher than the U.S. average commute time of 24.8 minutes. Bus and rail public transport are also available.

Aurora Demographics

Population

  • Total Population200,614
  • Male Population(49.4 %) 99,167
  • Female Population(50.6 %) 101,447
  • Median Age31.70

Income/Financial

  • Average Household Income$84,358
  • Median Household Income$63,090
  • Median Income Under 25$35,356
  • Median Income 25-44$62,371
  • Median Income 45-64$76,433
  • Median Income Over 65$43,709

CommercialCafé is your first and only stop when it comes to commercial real estate leasings in Aurora, IL. Search through our extensive selection of commercial properties for lease with current space availability in the area ranging between 6897 square feet and 222808 square feet. Discover the right property from our 232 listings by using our advanced search function, which includes search by property type, space availability, management company, lease rates, and more.