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Market Report · Illinois · 2026-04-07

Schaumburg

Vacancy Rate

26-32%

Active Deals

1

Outlook

Cautious

Schaumburg features a large suburban office cluster with high vacancy but stable retail and tightening industrial demand. Balanced employment anchors, transport access, and redevelopment opportunities characterize the market.Key Schaumburg Development Opportunities In 2026

Yields & Returns

Office cap rates around 9%; retail 8%.CARMEN Chicago Office Market, Matthews Chicago Retail Q3 2025

Vacancy & Supply

Vacancy Rates

Office: 26-32%; Retail: ~5%; Industrial: tightening/low.CARMEN, CommercialCafe

Supply Pipeline

Office: 75k SF under construction; limited retail/industrial new supply.CommercialCafe

Competitor Activity

$74M Schaumburg Towers sales (2024, $80-81/SF); $14.6M retail center (2025); $87.9M office sales volume (2024).CARMEN, Marcus & Millichap

FirmActivityAssetDetailValue
VariousTransactionCommercial$74M Schaumburg Towers sales (2024, $80-81/SF)$74M
VariousTransactionCommercial$14.6M retail center (2025)$14.6M
VariousTransactionCommercial$87.9M office sales volume (2024).CARMEN, Marcus & Millichap$87.9M

Demand Drivers

Proximity to highways/labor for industrial; office-medical conversions; retail anchored by Woodfield; major employers: Citigroup, Misumi USA, Munich RE.Key Developments 2026, Glenstar Leases

Rental Market

Office rents $21-23/SF (+0.8%); retail $22/SF (+1.7-2%); residential median $2,100-2,200/mo (+4%).CommercialCafe, Matthews

Employment & Economy

Unemployment ~3-5%; employment stable ~40k; sectors: finance/insurance high wages.YCharts, Choose DuPage

Migration & Demographics

Village pop. declining -0.43%/yr to 76k (2026); township growing +0.8% to 134k.World Population Review

Transport & Connectivity

Access to I-90/290/355; Schaumburg Regional Airport; near O'Hare; Metra, Pace bus.Wikipedia

Key Risks

High office vacancy/negative absorption; pop. decline in village; fiscal pressures/taxes in Chicago area; trade policy uncertainty.CARMEN, Illinois Policy

Outlook 12–24 Months

Stabilization via limited supply, conversions (office-to-medical/flex), industrial demand; cautious office recovery amid national trends; gradual retail improvement. 12-24 mo: selective leasing, adaptive reuse focus.Key Opportunities 2026, CBRE 2026 Outlook