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Schaumburg

Office Space Market Report

Number of Listings (last 90 days)
113
Median Rate ($/sqft/yr)
$19
Median Size (sqft)
5,680
As of: December 8, 2016

Schaumburg Office & Commercial Space

Situated within Cook County, Illinois, the city of Schaumburg features a residential population of nearly 75,000 inhabitants, making it one of the larger cities in this particular region of the state. A suburb located to the northwest of Chicago, the largest urban center in both the region and the state, Schaumburg’s residents have the luxury of enjoying all of the cultural and professional opportunities found within Chicago while still finding time away from the hustle and bustle of city life in the more communal environment of their home city. Rental properties for lease here, including office space for rent and commercial space for rent, may prove to be exceptionally advantageous for business owners hoping to find a platform on which to forge rewarding professional relationships with a large client base. The numerous neighborhood zones of Schaumburg are currently home to a large number of businesses across a wide array of industries and interests.

Schaumburg Economic Overview

The median household income of Schaumburg’s residents is approximately $72,000, nearly 18% higher than state averages. Thanks to a firmly middle-class demographic, the large number of local businesses found throughout this suburb are able to take full advantage of the high degree of purchasing power that residents here enjoy. Common occupations for Schaumburg’s residents include positions within the professional, technical and scientific services, as well as the finance, insurance and construction industries, among others. The per capita income of Schaumburg is approximately $31,500. Nearly 8% of the population here currently lives below the official poverty line.

Schaumburg At A Glance

Schaumburg was first incorporated as a city within the state of Illinois in 1956. That being said, the origins of the area can be traced back much further. The earliest known inhabitants of this region were various native American tribes, including the Sauk, Fox and Kickapoo, among others. Schaumburg experienced significant economic growth during the 1960s and 1970s, due in large part to the foresight of city officials who set aside significant property for industrial, commercial and office construction prior to incorporation. Today, Schaumburg remains a vibrant hub of both economic infrastructure and cultural heritage. Demographically, Schaumburg is primarily Caucasian, with 70% of the population classified within this particular ethnicity.

Where To Lease In Schaumburg

As Schaumburg is currently home to a number of large, successful state employers, including Motorola Solutions, Zurich Insurance Group and the Woodfield Mall, as well as a powerful consumer base, small business owners seeking properties for rent here can rest assured that the vast majority of available locations within the city limits will provide ample exposure and economic opportunity for those willing to invest the necessary time and energy to achieve success.

Learn More About Schaumburg

Market Report

Trends and status of the commercial real estate market in Schaumburg.
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Market Data

Real time and historical data on commercial real estate listings in Schaumburg.
Research