Skokie, IL Office Space for Lease: 2026 Costs, Buildings and Rents

Data as of October 2026 | Last updated October 17, 2026

Net absorption was +28,900 SF over the past 12 months, available space takes 28 months on average to lease, and nothing new is under construction. Tenant Advisors, Inc. represents only tenants in Skokie and the North Suburbs office market, at no cost to tenants. Call (847) 778-0296.

Skokie leased more space than any other North Shore city we track this year, but a third of its space is still available. Tenants get both momentum and leverage.

Tom Koelzer, Co-Founder and Managing Partner, Tenant Advisors

Key Takeaways

• Vacancy is 34.0%, down 1.3 points in a year, across 2.2 million SF.
• Class A asks about $36–$44/SF gross; Class B about $24–$32/SF.
• Availability, counting space coming available, is 32.9%.
• Net absorption was +28,900 SF over the past 12 months; about 228,000 SF was leased.
• Most available space in one building: ~129,000 SF (8030 Lamon Ave., Illinois Science + Technology Park, fully vacant).

Skokie Office Market Facts and Figures

Tenant Advisors tracks multi-tenant office buildings of 5,000 SF and larger in Skokie, the competitive set where most tenants of 3,000 to 50,000 SF lease space. Owner-occupied buildings are excluded.

Metric	Skokie
Tracked buildings	20
Total inventory	2.2 million SF
Vacancy rate	34.0% (35.3% one year ago)
Availability rate	32.9%
Net absorption, trailing 12 months	+28,900 SF
Space leased, trailing 12 months	228,000 SF
Class A asking rent	$36–$44/SF gross
Class B asking rent	$24–$32/SF gross
Free rent	1–2 months per lease year
Tenant improvement allowance	$35–$65/SF for full build-outs, 5+ year terms
Average months on market	28.4
Lease renewal rate, past 24 months	22%
Sublease space available	82,200 SF
New construction	None
Most available space in one building	~129,000 SF (8030 Lamon Ave., Illinois Science + Technology Park, fully vacant)

Figures reflect Tenant Advisors’ market tracking of multi-tenant office buildings 5,000 SF and larger in Skokie. Rents and concessions are Tenant Advisors’ tracked-transaction ranges, quoted full-service gross. Data is updated quarterly.

What Does Office Space Cost Per Month in Skokie?

A 5,000 SF office in Skokie costs about $15,000 to $18,350 a month in a Class A building and about $10,000 to $13,350 a month in Class B, before free rent. Those figures use Tenant Advisors’ tracked gross rents of $36 to $44/SF in Class A and $24 to $32/SF in Class B.

Office size	Class A, monthly ($36–$44/SF)	Class B, monthly ($24–$32/SF)
2,000 SF	$6,000–$7,350	$4,000–$5,350
5,000 SF	$15,000–$18,350	$10,000–$13,350
10,000 SF	$30,000–$36,650	$20,000–$26,650

Monthly rent before free rent and improvement allowances. Gross rent generally includes real estate taxes and building operating expenses.

Gross rent is not always the whole bill. Ask each landlord about:

• In-suite electricity, which some buildings bill separately.
• Operating expense and tax increases over the base year, which a cap can limit.
• After-hours heating and cooling charges.
• Build-out costs above the improvement allowance, plus cabling, furniture and moving.

Is Skokie Office Space Filling Up or Emptying Out?

Filling up. Skokie added about 28,900 SF of occupied space over the past year after losing about 12,100 SF the year before, and vacancy fell from 35.3% to 34.0%. Tenants leased about 228,000 SF, the most of any North Suburbs city Tenant Advisors tracks.

What Are the Notable Office Buildings in Skokie?

Building	Address	Size (SF)	Built	Class	% Leased	Available (SF)
Concourse Office Plaza I & II	4709-4711 Golf Rd.	372,244	1991	A	75%	93,515
5215 Old Orchard Rd.	5215 Old Orchard Rd.	211,640	1984	B	86%	29,919
Old Orchard Tower North	5202 Old Orchard Rd.	168,714	1983	A	95%	8,000
Old Orchard Tower South	5250 Old Orchard Rd.	167,918	1981	B	76%	53,426
Illinois Science & Technology Park	8045 Lamon Ave.	159,944	2001	A	98%	85,022
Illinois Science & Technology Park	8030 Lamon Ave.	129,000	2019	A	0%	129,000
Illinois Science & Technology Park	8025 Lamon Ave.	127,795	1981	B	88%	78,227
Westmoreland Building	9933 Lawler Ave.	123,860	1965	B	46%	67,147
Skokie Bank Building	8001 Lincoln Ave.	116,667	1974	B	34%	77,151
The Wi-Fi Professional Building	8100-8180 N. McCormick Blvd.	108,549	1938	B	98%	3,778

Available SF includes direct and sublease space, including space coming available. Tenant Advisors market tracking, October 2026.

Old Orchard

Six buildings on Old Orchard Road total about 773,000 SF and are about 86% leased with about 120,000 SF available. Old Orchard Tower South (168,000 SF) is about 76% leased with about 53,000 SF available, and Old Orchard Tower North is about 95% leased.

Illinois Science + Technology Park

Three buildings on Lamon Avenue total about 417,000 SF with about 292,000 SF available, including space coming available. 8030 Lamon Avenue (129,000 SF, built 2019) is fully vacant, and 8045 Lamon Avenue is about 98% leased but has about 85,000 SF coming available.

Concourse Office Plaza and older buildings

Concourse Office Plaza I and II at 4709–4711 Golf Road (372,000 SF, Class A) is about 75% leased with about 94,000 SF available. The Skokie Bank Building at 8001 Lincoln Avenue is about 34% leased and the Westmoreland Building at 9933 Lawler Avenue about 46% leased.

Which Skokie Buildings Fit Small and Large Tenants?

Small tenants do best in buildings with suites already built out, while companies needing a full floor or more should start with the buildings carrying the largest vacant blocks. Use this as a starting list; actual suites change month to month.

Space needed	Where to start looking	Why
Under 5,000 SF	The Wi-Fi Professional Building, Old Orchard Tower North	Well-leased buildings with small suites
5,000–20,000 SF	5215 Old Orchard Rd., Old Orchard Tower South	Partial floors with 30,000 to 53,000 SF available
20,000 SF and up	Illinois Science & Technology Park, Concourse Office Plaza I & II, Skokie Bank Building	The largest blocks in Skokie, including a fully vacant 129,000 SF building at the Science & Technology Park

Is There Sublease Office Space in Skokie?

Yes. About 82,200 SF of sublease space is available in Skokie. Sublease space usually comes built out and often furnished, with a shorter remaining term, and it typically prices below direct space. The remaining term is the main thing to check.

How Does Skokie Compare With Other North Suburbs Cities?

City	Vacancy	Year ago	12-mo net absorption (SF)	Inventory	Sublease SF	Asking rent, gross
Deerfield	34.5%	24.1%	-310,000	3.0M SF	201,000	A $36–$44; B $24–$32
Northbrook	20.0%	20.8%	+21,300	2.7M SF	171,000	A $36–$44; B $24–$32
Lincolnshire	62.4%	59.6%	-62,600	2.3M SF	104,000	A $36–$44; B $24–$32
Skokie	34.0%	35.3%	+28,900	2.2M SF	82,200	A $36–$44; B $24–$32
Evanston	23.6%	21.7%	-33,700	1.8M SF	10,800	A $36–$44; B $24–$32
Libertyville	36.3%	33.3%	-41,800	1.4M SF	38,700	A $36–$44; B $24–$32
Buffalo Grove	37.2%	40.6%	+45,700	1.4M SF	39,500	A $36–$44; B $24–$32
Lake Forest	29.7%	26.3%	-38,000	1.1M SF	106,000	A $36–$44; B $24–$32
Bannockburn	38.7%	41.6%	+24,900	862,000 SF	27,400	A $36–$44; B $24–$32
Vernon Hills	38.0%	34.5%	-25,400	732,000 SF	0	A $36–$44; B $24–$32
Highland Park	13.6%	14.7%	+7,100	639,000 SF	3,400	A $36–$44; B $24–$32
Glenview	23.1%	23.0%	-600	521,000 SF	0	A $36–$44; B $24–$32
Northfield	26.5%	31.3%	+17,800	369,000 SF	0	A $36–$44; B $24–$32

Tenant Advisors market tracking, multi-tenant office buildings 5,000 SF and larger, October 2026. Rents are Tenant Advisors’ tracked-transaction figures per SF per year.

Should You Lease, Sublease or Use Coworking in Skokie?

Lease direct if you need space for three years or more, sublease if you want built-out space at a discount and the remaining term fits, and use coworking only for small teams that need flexibility for a year or less. About 82,200 SF of sublease space is available in Skokie.

	Direct lease	Sublease	Coworking
Typical term	3 to 10 years	Whatever remains on the original lease	Month to month up to 1–2 years
Cost	Market rent, with free rent and an improvement allowance	Usually below direct rent	Priced per desk or office; usually the highest cost per SF
Build-out	Custom, funded largely by the landlord	As-is, often furnished	Ready to use
Watch out for	Committing to more space than you need	Landlord consent and the short remaining term	Rate increases at renewal and limited privacy

Where Is the Leverage in Skokie Right Now?

In the lab-park buildings, at Concourse and in older Class B buildings. Only about 22% of Skokie tenants with expiring leases renewed over the past two years, so a renewal priced against Old Orchard, Evanston and Glenview gives a tenant real leverage. See our renewal vs. relocation analysis and lease renewal negotiation services.

What Should Tenants Negotiate on a Skokie Office Lease in 2026?

• Rent: target effective rent after concessions, not the asking rate.
• Free rent: 1 to 2 months per year of lease term, or 5 to 10 months on a 5-year lease.
• Tenant improvement allowance: $35–$65/SF for full build-outs on 5+ year terms. Get build-out pricing before you negotiate this number.
• Operating expense caps: 4% to 6% annually on controllable expenses.
• Flexibility: expansion, contraction and sublease rights, negotiated upfront.
• Parking: included in rent for the full term with no separate escalation.

How Does Tenant Advisors Find and Tour Space in Skokie?

We build a shortlist from every building in Skokie that fits your size, budget and timing, tour the best options in one block, and negotiate with several landlords at once. The landlord pays our fee, so there is no cost to tenants.

1. Requirements call: size, budget, move date and must-haves.
2. Building survey: every option that fits, including sublease space, with rents and availability.
3. Tours: your top choices scheduled back to back.
4. Competing proposals: requests to three or more landlords, compared side by side on net effective cost.
5. Negotiation and lease review alongside your attorney through signing and move-in.

Why Do Companies Lease Office Space in Skokie?

Skokie is the only North Suburbs office market on the CTA, with Yellow Line stations at Dempster-Skokie and Oakton-Skokie, and it sits on the Edens Expressway (I-94) near Old Orchard. Endeavor Health Skokie Hospital, the Illinois Science + Technology Park’s research tenants, healthcare, technology and professional services firms make up most of the tenant base. Companies comparing locations usually look at Evanston, Glenview and Lincolnwood as well.

Frequently Asked Questions

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About the authors: Tom Koelzer (Co-Founder & Managing Partner, LinkedIn) and Dave Ven Horst (Co-Founder & Managing Broker, LinkedIn) founded Tenant Advisors, Inc. in 2004. Both have worked in Chicago office leasing since 1986, and the firm has negotiated more than 2,000 office leases, representing tenants only. Benchmark your Skokie lease against the market: (847) 778-0296 | tkoelzer@tenantadvisors.com.

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