In 2023 the Will County, IL commercial real estate market totaled 4,016,253 square feet of office spaces, 16,188,045 square feet of office spaces with retail, and 221,813,369 square feet of industrial space.
Office Spaces
Total: 4,016,253 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 |
2,030,178 SqFt |
50.55% of total office |
| 100k to 500k SqFt |
1,452,710 SqFt |
36.17% of total office |
| 500k to 1M SqFt |
533,365 SqFt |
13.28% of total office |
By class:
| Class |
Total square feet |
Share of total |
| Class A |
1,605,366 SqFt |
39.97% of total office |
| Class B |
1,943,306 SqFt |
48.39% of total office |
| Class C |
417,581 SqFt |
10.4% of total office |
Roughly 13.28% of the total office space in Will County, IL is comprised of properties between 500K to 1M square feet, and buildings between 50k to 100k square feet represent 50.55% of the office inventory.
Class A office space holds a 39.97% share of the overall Will County, IL office market, while Class B office assets make up approximately 48.39%.
Industrial
Total: 221,813,369 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 |
10,916,971 SqFt |
4.92% of total industrial |
| 100k to 500k SqFt |
87,682,826 SqFt |
39.53% of total industrial |
| 500k to 1M SqFt |
68,274,495 SqFt |
30.78% of total industrial |
| > 1M SqFt |
54,939,077 SqFt |
24.77% of total industrial |
By class:
| Class |
Total square feet |
Share of total |
| Class A |
168,634,269 SqFt |
76.03% of total industrial |
| Class B |
23,516,138 SqFt |
10.6% of total industrial |
| Class C |
1,379,892 SqFt |
0.62% of total industrial |
There are 87,682,826 square feet of commercial real estate properties between 100k to 500k square feet, representing 39.53% of the Will County, IL industrial inventory. Class A assets total 168,634,269 square feet of industrial space, with an additional 23,516,138 square feet of Class B and 1,379,892 square feet of Class C properties.
Office Spaces with Retail
Total: 16,188,045 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 |
4,293,677 SqFt |
26.52% of total office with retail |
| 100k to 500k SqFt |
11,894,368 SqFt |
73.48% of total office with retail |
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