Evanston Office Market Trends

Office Rental Market

  • $40.75 2019 Avg. Asking Rent
  • 8.82 % 2019 Avg. Vacancy Rate
  • 0 2019 Office Completions (Sqft)
  • 0 2020 Estimated Pipeline (Sqft)
In 2019, the average asking rent for office space in Evanston was $40.75 per square foot, and the office vacancy rate across the market averaged 8.82 %. During 2019, developers added 0 square feet of new office space to the Evanston market inventory. Office developments estimated for delivery during 2020 total 0 square feet.

Average Office Asking Rents by Class

2019 Average Office Rent per Square Foot

  • Evanston Class A Office Buildings$43.04
  • Evanston Class B Office Buildings$35.27
  • IL Class A Office Buildings$35.57
  • IL Class B Office Buildings$24.29
  • IL Class C Office Buildings$18.50

Evanston, IL Office Asking Rents by Class

OFFICE CONSTRUCTION IN Evanston, IL

  • Evanston, IL Total Sqft completed in 2019 0
  • Evanston, IL Total Sqft under construction in 2020 0
10 Largest Office Buildings in Evanston
Building name Address Total Sqft Year built
One Rotary Center 1560 Sherman Avenue, 60201 368,767 1977
One Rotary Center 1560 Sherman Avenue, 60201 368,665 1978
Orrington Plaza 1603 Orrington Avenue, 60201 338,695 1969
909 Davis Street 909 Davis Street, 60201 195,245 2002
Evanston MetroCenter 1007 Church Street, 60201 152,791 1984
1800 Sherman Avenue 1800 Sherman Avenue, 60201 134,541 1986
800 Austin Street - East & West Tower 800 Austin Street, 60202 130,000 1975
500 Davis Center 500 Davis Street, 60201 127,285 1980
820 Davis Street 820 Davis Street, 60201 81,000 1975
Graham Medical Office Building 1000 Central Street, 60201 69,905 1989
Largest Office Properties Recently Completed in Evanston
Office building Address Sqft Completed
909 Davis Street 909 Davis Street, 60201 195,245 2002
Evanston Research Park - 1880 Oak Avenue 1880 Oak Avenue, 60201 50,000 2000
Evanston Research Park - 1033 University Place 1033 University Place, 60201 56,174 1991
Graham Medical Office Building 1000 Central Street, 60201 69,905 1989
1800 Sherman Avenue 1800 Sherman Avenue, 60201 134,541 1986
Fountain Square Building 1601 Sherman Avenue, 60201 39,018 1985
Evanston MetroCenter 1007 Church Street, 60201 152,791 1984
500 Davis Center 500 Davis Street, 60201 127,285 1980
One Rotary Center 1560 Sherman Avenue, 60201 368,767 1977
800 Austin Street - East & West Tower 800 Austin Street, 60202 130,000 1975
Data provided by Commercial Edge

Office Spaces for Rent in Illinois

See trends for nearby markets

The Evanston office market contains an inventory of 1,906,399 square feet of office space, in 17 buildings that are equal to or larger than 25,000 square feet.

This market trends report is based on analysis of city-level data. Averages were calculated based on values dated January 1st 2019 through December 31st 2019. Construction pipeline data shown is valid as of April 2020. The information on this page was compiled using data provided by our sister company, CommercialEdge – a market intelligence solution which offers comprehensive knowledge on all Evanston commercial properties sized 25,000 square feet or larger.

While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.