Leading Edge Realty Advisors: Commercial Real Estate Experts in Lincolnshire, Illinois
Lincolnshire, Illinois is a village in southeast Lake County, north of Chicago. With a population of 7,940 residents (2020 Census), the residents enjoy dining and shopping at the Village Green of Lincolnshire, CityPark of Lincolnshire and Lincolnshire Commons, live theater at the Marriott Theatre, and nearby forest preserves and parks. The key industries of Lincolnshire, Illinois are commercial and retail, office, industrial, and hospitality businesses.
Lincolnshire, Illinois Retail Real Estate Market
According to CoStar, Q4 2026, the Central North retail submarket, the Chicago-market submarket that covers Lincolnshire, has 24.2M SF of retail inventory, a 6.7% vacancy rate and asking rent of $25.88/SF (NNN). The submarket recorded 12-month net absorption of 39.6K SF, has 65.1K SF under construction, and had $302M in sales over the last 12 months at a market cap rate of 8.3% and $203/SF. CoStar does not have city-level data for Lincolnshire, so these figures describe the submarket that includes the village, not the village alone. Lincolnshire retail is situated along Milwaukee Avenue (Route 21), including the Village Green of Lincolnshire, the CityPark of Lincolnshire mixed-use development and Lincolnshire Commons. Leading Edge Realty Advisors serves retail property owners, tenants and investors in Lincolnshire with commercial leasing, sales and investment advice.
Lincolnshire, Illinois Office Real Estate Market
According to CoStar, Q4 2026, the Central North office submarket, the Chicago-market submarket that covers Lincolnshire, has 38.6M SF of office inventory, a 17.0% vacancy rate and asking rent of $24.12/SF (gross). The submarket recorded 12-month net absorption of (335K) SF, has 0 SF under construction, and had $267M in sales over the last 12 months at a market cap rate of 9.8% and $152/SF. CoStar does not have city-level data for Lincolnshire, so these figures describe the submarket that includes the village, not the village alone. Lincolnshire office space is concentrated in business parks such as the Lincolnshire Corporate Center, Lincolnshire Business Center, Tri-State Office Park and Millbrook Office Park, with access to I-94 (Tri-State Tollway), which has a full interchange at Route 22. Contact Leading Edge Realty Advisors, a commercial real estate agent serving Lake County, to discuss office space in Lincolnshire.
Lincolnshire, Illinois Industrial Real Estate Market
According to CoStar, Q4 2026, the South Lake County industrial submarket, the Chicago-market submarket that covers Lincolnshire, has 48.7M SF of industrial inventory, a 5.6% vacancy rate and asking rent of $11.47/SF. The submarket recorded 12-month net absorption of 178K SF, has 698K SF under construction, and had $201M in sales over the last 12 months at a market cap rate of 8.4% and $113/SF. CoStar does not have city-level data for Lincolnshire, so these figures describe the submarket that includes the village, not the village alone. Industrial and office space in Lincolnshire is located in the village's business parks, which the Village of Lincolnshire describes as encompassing several million square feet of office and industrial space.
CoStar, Q4 2026 (submarket data); U.S. Census Bureau, 2020 Census; Village of Lincolnshire community profile.
Our Leasing, Sales and Investment Services in Lincolnshire, Illinois.
Leading Edge Realty Advisors serves owners and investors in Lincolnshire, Illinois with commercial leasing, sales and investment services for retail, office and industrial property. We represent landlords and tenants in leasing, and buyers and sellers in sales. Please contact us at 847-868-5745 if you are interested in learning more about our real estate services.
Why You Should Relocate or Expand Your Business to Lincolnshire, Illinois.
Lincolnshire, Illinois offers an excellent environment for business relocation or expansion, with direct access to I-94 (Tri-State Tollway), which borders the village on the east with a full interchange at Route 22, and to arterials including Milwaukee Avenue (Route 21) and Half Day Road (Route 22). Lincolnshire has access to a skilled workforce and an educated population, where 77.0% of residents age 25 and older hold a bachelor's degree or higher and median household income is $185,580 (U.S. Census Bureau, American Community Survey 2020-2024, 2024 dollars). Contact Leading Edge Realty Advisors to leverage these advantages and secure a spot for your business.