Skokie Retail

Skokie

Office Space Market Report

Number of Listings (last 90 days)
119
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
8,180
As of: August 17, 2017

Skokie Rates

The typical asking rate per listing is in the $20's per square foot per year. The Skokie region is going through a an increase in rates. In the last 3 months, the median rate rose $22 per sqft per year.

Compared to the rest of the Chicagoland market, the Skokie region has lower rates, so you should have no trouble finding a great deal in this undervalued region.

Skokie Listing Supply

In the last 90 days, 8 listings have come on the market, which means new listings are probably going fast. You'll want to be prepared to make an offer immediately. About 63% of the available space in the Skokie are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 8,180 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are around 1 floors. Most buildings in this market were built in 1972 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