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Evanston Office Rent Price & Sales Report

2024 Office Space Rent & Sales

  • $43.65 2024 Avg. Asking Rent
  • 18.95% 2024 Office Vacancy Rate

Evanston office price per square foot in 2024 was $43.65 on average. The local office market recorded an average vacancy rate of 18.95% across all asset classes combined.

See how this market compares to the national average: U.S. office space rent & sales.

Average Rent by Office Class

2024 Average Office Rent per Square Foot

  • Illinois Class A & A+ Office Space$29.95
  • Illinois Class B Office Space$26.01
  • Illinois Class C Office Space$22.42

Evanston, IL Office Asking Rents by Class

Office Spaces for Rent in Illinois

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Coworking Spaces in Illinois

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2024 Office Construction in Evanston, IL

  • Evanston, IL Total SF completed in 2024 170,767

During 2024, 170,767 square feet of new office space were delivered across the market. At the close of 2024, the Evanston office inventory included 1 buildings equal to or larger than 25,000 square feet, which comprised 170,767 square feet of office space.

Largest Office Properties Recently Completed in Evanston
Office building Address SF Completed
909 Davis Street 909 Davis Street, 60201 195,245 2002
One Rotary Center 1560 Sherman Avenue, 60201 368,665 1978
500 Davis Center 500 Davis Street, 60201 125,285 1978
One Rotary Center 1560 Sherman Avenue, 60201 368,767 1977
820 Davis Street 820 Davis Street, 60201 85,895 1974
2600 Gross Point Rd 2600 Gross Point Rd, 60201 4,888 1956
1607 Simpson St 1607 Simpson St, 60201 2,440 1940
1601 Simpson St 1601 Simpson St, 60201 1,300 1940
Downtown Evanston Offices for Lease 1316-1322 Sherman Ave, 60201 20,662 1924
2156 Green Bay Rd 2156 Green Bay Rd, 60201 17,000 1923

Worth noting among recent office completions on the Evanston market is 909 Davis Street, which is currently the largest new office development in the city, at 195,245 square feet.

Data provided by Commercial Edge

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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market 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.


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