Commercial Real Estate Market in Skokie, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
113 active listings and 3,343 off-market properties in Skokie, IL. Commercial property asks $107/SF to buy and $21.64/SF/Yr to lease.
Market Trends
Skokie, IL spans 9.4 square miles in Cook County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Skokie, IL runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Skokie, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Skokie, IL runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Skokie, IL runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 70.5%
- Industrial 14.2%
- Commercial 9.4%
- Mixed use 5.3%
- Civic 0.5%
Largest Zones share of zoned land by district
Single Family Residential
Single Family Residential
Industry
General Residential
Commercial
Skokie, IL zones 6,448 acres across 18 districts. Commercial zoning covers 9.4% of zoned land, residential 70.5% and industrial 14.2%. The largest single district is Single Family Residential at 37.7%. For commercial buyers the practical constraint is that only 23.7% of land carries a commercial or industrial designation.
Industry (M3)
M3 Industry - The M3 Industry district is established to allow the development and operation of a wide variety of office, light industry, manufacturing, service and warehousing uses. This is the Village’s most intense industrial district that allows a wide variety of uses. Note: The dots on the map contain numbers that refer to specific special use permits/s…
Market overview
Demographics & Economy
Skokie, IL has 63,151 residents in 23,225 households. Density runs 6,743 people per square mile. Median household income here is $93,312 and median gross rent $1,518 a month.
63,151
Population
23,225
Households
2.7
Avg Household Size
43
Median Age
49%
College-Educated
91%
High-School Grad
9.4 sq mi
ZIP Area
6,743
Density / Sq Mi
$93,312
Median Household Income
$46,068
Median Earnings
$1,518
Median Rent
$356,508
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Evanston | — | $24.45 |
| Morton Grove | — | $10.25 |
| Golf | — | — |
| Niles | — | — |
Commercial property in Skokie, IL asks $107/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Skokie?
Commercial property in Skokie, IL asks an average of $107 per square foot.
How much does it cost to lease commercial space in Skokie?
Asking lease rates in Skokie, IL average $21.64 per square foot per year.
What zoning applies to commercial property in Skokie?
Skokie, IL zones 6,448 acres across 18 districts, of which 9.4% is commercial and 14.2% industrial. The largest single district is Single Family Residential at 37.7% of zoned land. Residential zoning covers 70.5% and open space 0%.
Where does Realmo's Skokie market data come from?
Realmo compiles Skokie, IL figures from 7 recent recorded sales, 67 active sale listings, 46 active lease listings, 3,343 tracked off-market properties, the current Skokie zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 67 active for-sale and 46 active for-lease listings in Skokie, IL. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 6,448 zoned acres across 18 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
