In 2023 the Lake County, IL commercial real estate market totaled 25,705,989 square feet of office spaces, 16,403,489 square feet of office spaces with retail, and 61,935,317 square feet of industrial space.
Office Spaces
Total: 25,705,989 SF
Data provided by Yardi Matrix, properties over 50k SF, includes office with retail
By square footage range:
| Range |
Total square feet |
Share of total |
| 50k to 100k SqFt |
5,046,954 SqFt |
19.63% of total office |
| 100k to 500k SqFt |
15,551,683 SqFt |
60.5% of total office |
| 500k to 1M SqFt |
2,771,041 SqFt |
10.78% of total office |
| > 1M SqFt |
2,336,311 SqFt |
9.09% of total office |
By class:
| Class |
Total square feet |
Share of total |
| Class A |
8,143,927 SqFt |
31.68% of total office |
| Class B |
15,724,851 SqFt |
61.17% of total office |
| Class C |
1,637,211 SqFt |
6.37% of total office |
Roughly 10.78% of the total office space in Lake County, IL is comprised of properties between 500K to 1M square feet, and buildings between 50k to 100k square feet represent 19.63% of the office inventory.
Class A office space holds a 31.68% share of the overall Lake County, IL office market, while Class B office assets make up approximately 61.17%.
Industrial
Total: 61,935,317 SF
Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
| Range |
Total square feet |
Share of total |
| 50k to 100k SqFt |
11,652,576 SqFt |
18.81% of total industrial |
| 100k to 500k SqFt |
37,538,484 SqFt |
60.61% of total industrial |
| 500k to 1M SqFt |
5,298,861 SqFt |
8.56% of total industrial |
| > 1M SqFt |
7,445,396 SqFt |
12.02% of total industrial |
By class:
| Class |
Total square feet |
Share of total |
| Class A |
27,387,859 SqFt |
44.22% of total industrial |
| Class B |
31,778,456 SqFt |
51.31% of total industrial |
| Class C |
2,085,103 SqFt |
3.37% of total industrial |
There are 37,538,484 square feet of commercial real estate properties between 100k to 500k square feet, representing 60.61% of the Lake County, IL industrial inventory. Class A assets total 27,387,859 square feet of industrial space, with an additional 31,778,456 square feet of Class B and 2,085,103 square feet of Class C properties.
Office Spaces with Retail
Total: 16,403,489 SF
Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
| Range |
Total square feet |
Share of total |
| 50k to 100k SqFt |
3,808,587 SqFt |
23.22% of total office with retail |
| 100k to 500k SqFt |
9,880,974 SqFt |
60.24% of total office with retail |
| > 1M SqFt |
2,713,928 SqFt |
16.54% of total office with retail |
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