2024 Office Space Rent & Sales
- $30.32 2024 Avg. Asking Rent
- 37.46% 2024 Office Vacancy Rate
Skokie office price per square foot in 2024 was $30.32 on average. The local office market recorded an average vacancy rate of 37.46% 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
Skokie, IL Office Asking Rents by Class
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2024 Office Construction in Skokie, IL
| Office building | Address | SF | Completed |
|---|---|---|---|
| 5250 Old Orchard Road | 5250 Old Orchard Road, 60077 | 400,000 | 1990 |
| 5202 Old Orchard Road | 5202 Old Orchard Road, 60077 | 349,814 | 1990 |
| Harmswood Office Center | 5750 Old Orchard Road, 60077 | 86,064 | 1989 |
| 5215 Old Orchard Road | 5215 Old Orchard Road, 60077 | 210,126 | 1987 |
| Touhy Office Plaza | 5550 Touhy Avenue, 60077 | 50,156 | 1986 |
| Old Orchard Towers | 5202 Old Orchard Road, 60077 | 349,814 | 1981 |
| 4709-11 Golf Road | 4709 Golf Road, 60076 | 294,073 | 1981 |
| 8930 Gross Point Road | 8930 Gross Point Road, 60077 | 50,141 | 1980 |
| 8001 Lincoln Avenue | 8001 Lincoln Avenue, 60077 | 110,000 | 1974 |
| 8001 Lincoln | 8001 Lincoln, 60077 | 105,000 | 1972 |
Worth noting among recent office completions on the Skokie market is 5250 Old Orchard Road, which is currently the largest new office development in the city, at 400,000 square feet.
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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 Yardi Research Data, a market intelligence solution which offers comprehensive real market knowledge on all Skokie 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 Yardi Research Data can guarantee that the information provided is complete.