In addition to preferred particularities of local culture, economy, and geography, businesses looking to expand or relocate also give great consideration to the size, variety, and quality of the commercial real estate in and around their city of interest.
Total Office Space in Illinois: 1,487,334 Sq. Ft.
In Illinois, the largest share of office space is in office properties sized 50k to 100k square feet. In terms of quality rating, you’ll find that 139,960 square feet of office space in Illinois is rated Class A. Office space rated Class B amount to 1,260,349 square feet.
Illinois Office Market Breakdown by Building Size
| Building Size Range |
Total Square Feet |
Share of Total Office |
| 50k to 100k Sq. Ft. |
699,689 Sq. Ft. |
47.04% |
| 100k to 500k Sq. Ft. |
122,569 Sq. Ft. |
8.24% |
Illinois Office Market Breakdown by Building Quality Rating
| Class |
Total Square Feet |
Share of Total Office |
| Class A |
139,960 Sq. Ft. |
9.41% |
| Class B |
1,260,349 Sq. Ft. |
84.74% |
| Class C |
87,025 Sq. Ft. |
5.85% |
Data was provided by CommercialEdge, refers to properties larger than 50,000 square feet.
Total Industrial Space in Illinois: 24,938,204 Sq. Ft.
Illinois is home to an industrial real estate market that encompasses 24,938,204 square feet of space across 27 industrial properties of various use types, sizes, and quality ratings.
Illinois Industrial Market Breakdown by Building Size
| Building Size Range |
Total Square Feet |
Share of Total Industrial |
| 50k to 100k Sq. Ft. |
3,965,542 Sq. Ft. |
15.9% |
| 100k to 500k Sq. Ft. |
10,886,687 Sq. Ft. |
43.65% |
| 500k to 1M Sq. Ft. |
2,458,344 Sq. Ft. |
9.86% |
| > 1M Sq. Ft. |
2,859,584 Sq. Ft. |
11.47% |
Illinois Industrial Market Breakdown by Building Quality Rating
| Class |
Total Square Feet |
Share of Total Industrial |
| Class A |
6,026,119 Sq. Ft. |
24.16% |
| Class B |
17,632,254 Sq. Ft. |
70.7% |
| Class C |
1,249,584 Sq. Ft. |
5.01% |
Data was provided by CommercialEdge, refers to industrial use properties larger than 50,000 square feet.
Total Retail Space in Illinois: 7,235,182 Sq. Ft.
The Illinois commercial real estate market includes 63 properties that are dedicated to retail use. The various types of retail space here account for 7,235,182 square feet of commercial property in Illinois.
Illinois Retail Market Breakdown by Building Size
| Building Size Range |
Total Square Feet |
Share of Total Retail |
| 50k to 100k Sq. Ft. |
2,167,144 Sq. Ft. |
29.95% |
| 100k to 500k Sq. Ft. |
5,068,038 Sq. Ft. |
70.05% |
Data was provided by CommercialEdge and refers to retail properties larger than 50,000 square feet.
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