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72 Commercial Real Estate Listings in Palatine, IL

Palatine, IL Commercial Real Estate

There are currently 77 commercial listings available in Palatine, IL. These listings include 140 commercial spaces that encompass a total of 1,312,081 square feet. Available commercial spaces in Palatine, IL range in size from 275 square feet to 357,000 square feet. A total of 27 off-market commercial properties located in Palatine, IL are also available for research.

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Palatine, IL Commercial Inventory Breakdown

In 2022 the Palatine, IL commercial real estate market totaled 666,292 square feet of office spaces, 1,161,128 square feet of office spaces with retail, and 1,343,244 square feet of industrial space.

Office Spaces

Total: 666,292 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail
By square footage range:
50k to 100k SqFt 172,264 SqFt 25.85% of total office
100k to 500k SqFt 494,028 SqFt 74.15% of total office
By class:
Class A 101,827 SqFt 15.28% of total office
Class B 463,573 SqFt 69.58% of total office
Class C 100,892 SqFt 15.14% of total office


Class A office space holds a 15.28% share of the overall Palatine, IL office market, while Class B office assets make up approximately 69.58%.

Industrial

Total: 1,343,244 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 177,461 SqFt 13.21% of total industrial
100k to 500k SqFt 1,165,783 SqFt 86.79% of total industrial
By class:
Class A 590,431 SqFt 43.96% of total industrial
Class B 752,813 SqFt 56.04% of total industrial
There are 1,165,783 square feet of commercial real estate properties between 100k to 500k square feet, representing 86.79% of the Palatine, IL industrial inventory.

Office Spaces with Retail

Total: 1,161,128 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 192,388 SqFt 16.57% of total office with retail
100k to 500k SqFt 968,740 SqFt 83.43% of total office with retail

Palatine, IL Currently Available Listings & Spaces

Number of Available Listings
City Property Type Count of listings Total SF
Palatine, IL Office 15 196,293
Palatine, IL Retail 18 120,282
Palatine, IL Industrial 14 995,506
Palatine, IL Other 50 1,312,081
Ofice Icon

15

Office

Industrial Icon

14

Industrial

Retail Icon

18

Retail

Current local active listing encompass 2,624,162 square feet of commercial space for lease in Palatine. There are 15 active office listings, which amount to 196,293 square feet and account for 15% of commercial spaces on the market. Local retail availability includes 120,282 square feet across 18 listings. Current industrial offerings on the market amount to 995,506 square feet across a total of 14.

Employment in Palatine, IL

Employed Population 35,721

Employed population - Industry % Distribution

Management, business, science, and arts occupations

53%

Sales and office occupations

19%

Service occupations

12%

Production, transportation, and material moving occupations

11%

Natural resources, construction, and maintenance occupations

5%

In 2020, roughly 53% of a total of 35,721 employed in Palatine worked in Management, business, science, and arts occupations, followed by 19% in Sales and office occupations and 12% in Service occupations.

Income per capita $46,080  Median household income $83,834

Household income

24%

Under $50k

33%

$50k - $100k

29%

$100k - $200k

14%

Over $200k

The median household income in Palatine stands at $83,834, with per capita income at $46,080. Households earning between $50k and $100k represent 33% of the total, while those earning over $200k make up 14%. Approximately 24% of Palatine households earn less than $50k per year.

Commuting in Palatine, IL

Mean travel time to work 30 minutes

Means of transportation to work

79.00%

Driving alone

6.10%

Carpool

5.10%

Public transit

0.30%

Bicycle

2.90%

Walking

0.90%

Other

5.70%

Work at Home

*Universe: Workers 16 and over

Education in Palatine, IL

High school grad or higher 92%

Bachelor's degree or higher 50%

Population by minimum level of education

8%

No degree

18%

High school

25%

Some College

31%

Bachelor's

19%

Post-grad

*Universe: Workers 25 and over

An estimated 92% of Palatine residents aged 25 or over hold a high school degree or higher. Of those, 18% are high school graduates, 25% attended some college, 31% earned a bachelor's degree, with an additional 19% holding post-graduate degrees.

Palatine, IL Demographics

As of 2020, Palatine had a total population of 67,436, with a median age of 36.70 years. Roughly 61.60% of the total population was between the ages of 16 and 64 years old.