2024 Office Space Rent & Sales
- $43.65 2024 Avg. Asking Rent
- 18.95% 2024 Office Vacancy Rate
Evanston office price per square foot in 2024 was $43.65 on average. The local office market recorded an average vacancy rate of 18.95% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2024 Average Office Rent per Square Foot
- Illinois Class A & A+ Office Space$29.95
- Illinois Class B Office Space$26.01
- Illinois Class C Office Space$22.42
Evanston, IL Office Asking Rents by Class
Office Spaces for Rent in Illinois
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2024 Office Construction in Evanston, IL
- Evanston, IL Total SF completed in 2024 170,767
During 2024, 170,767 square feet of new office space were delivered across the market. At the close of 2024, the Evanston office inventory included 1 buildings equal to or larger than 25,000 square feet, which comprised 170,767 square feet of office space.
| Office building | Address | SF | Completed |
|---|---|---|---|
| 909 Davis Street | 909 Davis Street, 60201 | 195,245 | 2002 |
| One Rotary Center | 1560 Sherman Avenue, 60201 | 368,665 | 1978 |
| 500 Davis Center | 500 Davis Street, 60201 | 125,285 | 1978 |
| One Rotary Center | 1560 Sherman Avenue, 60201 | 368,767 | 1977 |
| 820 Davis Street | 820 Davis Street, 60201 | 85,895 | 1974 |
| 2600 Gross Point Rd | 2600 Gross Point Rd, 60201 | 4,888 | 1956 |
| 1740 Ridge Avenue Office Building | 1740 Ridge Avenue, 60201 | 21,000 | 1951 |
| 1607 Simpson St | 1607 Simpson St, 60201 | 2,440 | 1940 |
| 1601 Simpson St | 1601 Simpson St, 60201 | 1,300 | 1940 |
| 2156 Green Bay Rd | 2156 Green Bay Rd, 60201 | 17,000 | 1923 |
Worth noting among recent office completions on the Evanston market is 909 Davis Street, which is currently the largest new office development in the city, at 195,245 square feet.
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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Evanston commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.