Hoffman Estates, IL Market Trends

Looking for more information on sold properties? Get the critical details you need on recent commercial property transactions days after the close of sale.

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Multifamily Property Asking Price Index - Sale Trends

  Apr 16 vs. 3 mo. prior Y-O-Y
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State
$65,938.48 +1.2% +10.4%
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Metro
$76,476.68 +3.6% +17.1%
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County
$87,775.90 +5.3% +23.9%

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Office Property Asking Price Index - Sale Trends

  Apr 16 vs. 3 mo. prior Y-O-Y
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State
$94.50 +0.6% -1.1%
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Metro
$107.59 +1.2% +1.4%
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County
$107.53 +1.5% +5.7%

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Industrial Property Asking Price Index - Sale Trends

  Apr 16 vs. 3 mo. prior Y-O-Y
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State
$53.49 +0.7% +2.6%
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Metro
$57.69 +0.9% +3.4%
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County
$55.24 +1.3% +3.0%

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Retail Property Asking Price Index - Sale Trends

  Apr 16 vs. 3 mo. prior Y-O-Y
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State
$111.45 +0.1% +5.3%
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Metro
$124.72 +1.3% +6.9%
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County
$132.60 +1.7% +9.5%

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Multifamily Property Total $ Available For Sale - Sale Trends

  Apr 16 vs. 3 mo. prior Y-O-Y
-
Metro
27 -6.9% +10.9%

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Office Property Total $ Available For Sale - Sale Trends

  Apr 16 vs. 3 mo. prior Y-O-Y
-
Metro
27 +0.9% -4.5%

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Industrial Property Total $ Available For Sale - Sale Trends

  Apr 16 vs. 3 mo. prior Y-O-Y
-
Metro
38 -1.8% -13.1%

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Retail Property Total $ Available For Sale - Sale Trends

  Apr 16 vs. 3 mo. prior Y-O-Y
-
Metro
41 +2.1% +2.7%

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Multifamily Property No. of Listings - Sale Trends

  Apr 16 vs. 3 mo. prior Y-O-Y
-
Metro
30 -3.6% +2.9%

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Office Property No. of Listings - Sale Trends

  Apr 16 vs. 3 mo. prior Y-O-Y
-
Metro
48 +0.9% +4.2%

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Industrial Property No. of Listings - Sale Trends

  Apr 16 vs. 3 mo. prior Y-O-Y
-
Metro
49 -4.3% -10.6%

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Retail Property No. of Listings - Sale Trends

  Apr 16 vs. 3 mo. prior Y-O-Y
-
Metro
50 -0.3% -3.3%

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Multifamily Property Profile Views (Demand) - Sale Trends

  Apr 16 vs. 3 mo. prior Y-O-Y
-
Metro
131 +2.8% -5.2%

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Office Property Profile Views (Demand) - Sale Trends

  Apr 16 vs. 3 mo. prior Y-O-Y
-
Metro
136 +33.0% +17.3%

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Industrial Property Profile Views (Demand) - Sale Trends

  Apr 16 vs. 3 mo. prior Y-O-Y
-
Metro
173 +10.6% +6.4%

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Retail Property Profile Views (Demand) - Sale Trends

  Apr 16 vs. 3 mo. prior Y-O-Y
-
Metro
126 +9.3% -2.3%

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Office Property Total SF Available - Sale Trends

  Apr 16 vs. 3 mo. prior Y-O-Y
-
Metro
46 +2.5% -2.9%

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Industrial Property Total SF Available - Sale Trends

  Apr 16 vs. 3 mo. prior Y-O-Y
-
Metro
53 -5.7% -12.8%

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Retail Property Total SF Available - Sale Trends

  Apr 16 vs. 3 mo. prior Y-O-Y
-
Metro
53 +1.9% -3.0%

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Multifamily Property No. of Units For Sale - Sale Trends

  Apr 16 vs. 3 mo. prior Y-O-Y
-
Metro
21 -14.7% -6.2%

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Office Property Asking Rent - Lease Trends

  Apr 16 vs. 3 mo. prior Y-O-Y
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State
$16.30 +0.7% +1.9%
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Metro
$16.83 +0.7% +1.8%
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County
$18.83 +1.2% +2.8%
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City
$15.35 +1.7% +19.3%

The average asking rental rate per sq ft/year for Office properties in Hoffman Estates, IL as of Apr 16 was $15.35. This represents an increase of 1.7% compared to the prior 3 months, with an increase of +19.3% year-over-year. County-wide, average rental rates in Hoffman Estates are +1.2% higher at $18.83 per sq ft/year for Office properties currently for lease.

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Industrial Property Asking Rent - Lease Trends

  Apr 16 vs. 3 mo. prior Y-O-Y
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State
$7.03 +0.2% +2.1%
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Metro
$7.34 +0.4% +3.2%
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County
$7.84 -0.1% +4.0%
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City
$11.40 0.0% +0.4%

The average asking rental rate per sq ft/year for Industrial properties in Hoffman Estates, IL as of Apr 16 was $11.40. Rental rates remained unchanged compared to the prior 3 months, with an increase of +0.4% year-over-year. County-wide, average rental rates in Hoffman Estates are -0.1% lower at $7.84 per sq ft/year for Industrial properties currently for lease.

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Retail Property Asking Rent - Lease Trends

  Apr 16 vs. 3 mo. prior Y-O-Y
-
State
$15.36 +0.8% +0.3%
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Metro
$16.54 +1.3% +1.9%
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County
$19.01 +1.1% +2.6%

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Office Property No. of Spaces - Lease Trends

  Apr 16 vs. 3 mo. prior Y-O-Y
-
Metro
63 +2.0% +1.1%

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Industrial Property No. of Spaces - Lease Trends

  Apr 16 vs. 3 mo. prior Y-O-Y
-
Metro
46 -1.9% -6.1%

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Retail Property No. of Spaces - Lease Trends

  Apr 16 vs. 3 mo. prior Y-O-Y
-
Metro
57 +2.1% +2.9%

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Office Property Profile Views (Demand) - Lease Trends

  Apr 16 vs. 3 mo. prior Y-O-Y
-
Metro
275 +13.2% -2.2%

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Industrial Property Profile Views (Demand) - Lease Trends

  Apr 16 vs. 3 mo. prior Y-O-Y
-
Metro
255 +16.5% +4.5%

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Retail Property Profile Views (Demand) - Lease Trends

  Apr 16 vs. 3 mo. prior Y-O-Y
-
Metro
186 +13.9% +10.1%

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Office Property Total SF Available - Lease Trends

  Apr 16 vs. 3 mo. prior Y-O-Y
-
Metro
52 +2.8% +0.0%

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Industrial Property Total SF Available - Lease Trends

  Apr 16 vs. 3 mo. prior Y-O-Y
-
Metro
43 +2.6% -3.7%

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Retail Property Total SF Available - Lease Trends

  Apr 16 vs. 3 mo. prior Y-O-Y
-
Metro
50 -0.3% +1.6%