The Shoppes of Deerfield — Lease in Deerfield, IL

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Retail Business
  • Location: Deerfield, IL 60015

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Description

Retail for Lease at The Shoppes of Deerfield High-Visibility Space on Busy Waukegan Road − 30,600 VPD Great for Retail, Fitness, Medical or Office Strong Daytime Population with 277,600+ within 3 Miles Surrounded by 750,000 SF of Retail Including Bed Bath & Beyond, Stein Mart, Jewel/Osco and More Affluent North Shore Market with Average Incomes Exceeding $170,000 Head-In Parking Monument Signage Available

Market Context

This retail in Deerfield, IL is listed for lease. Compare it against other retail listings for lease in Deerfield, IL — view the full market.

As of Q4 2025, the Chicago retail market showed a 5.1% vacancy rate, average asking rents near $19.00/SF/yr, rents up 2.4% year over year, and cap rates around 7.9%. Source: multiple brokerage reports, Q4 2025.

Rising rents point to a competitive market where well-priced, well-located space leases quickly.

Retail market FAQ

What is the typical cap rate for retail in Chicago?
About 7.9% as of Q4 2025, per multiple brokerage reports.
Is the Chicago retail market tightening or softening?
Vacancy is around 5.1%, with asking rents rising year over year (Q4 2025).

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