Skokie Office Space

Skokie

Office Space Market Report

Number of Listings (last 90 days)
8
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
3,000
As of: February 22, 2017

Skokie Rates

The typical asking rate per listing is in the $20's per square foot per year. The Skokie region is experiencing a an increase in rates. In the last 3 months, the median rate went up $6 per sqft per year. That's a 32% increase in rent.

Compared to the rest of the Chicagoland market, the Skokie region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Skokie Listing Supply

In the last 90 days, 12 listings have been posted online, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. About 8% of the available space in the Skokie are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 3,000 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are approximately 1 floors. Most buildings in this area were built in 1973 and are Class A.

Skokie Community

Market Report

Trends and status of the commercial real estate market in Skokie.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Skokie.
Research