Commercial Real Estate Market in Skokie, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
97 active listings and 3,343 off-market properties in Skokie, IL. Commercial property asks $168/SF to buy (based on 6 listings) and $23.75/SF/Yr to lease (based on 6 listings).
Market Trends
Skokie, IL spans 9.4 square miles in Cook County, Illinois. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Skokie, IL runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Skokie, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
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%.
Multifamily
Multifamily vacancy in Skokie, IL runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
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
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.
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.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Evanston | $235 | $22.25 |
| Morton Grove | $89 | $11.13 |
| Glenview | $97 | $25.00 |
Commercial property in Skokie, IL asks $168/SF. The 3 bordering markets run from $89/SF in Morton Grove to $235/SF in Evanston, and the city sits above their $97/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Skokie?
How much does it cost to lease commercial space in Skokie?
How does Skokie compare to nearby markets on price?
What zoning applies to commercial property in Skokie?
Where does Realmo's Skokie market data come from?
Methodology & data sources
- Asking prices and medians
- There are 49 active for-sale and 48 active for-lease listings in Skokie, IL. The medians are based on 6 of the for-sale and 6 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
