Evanston Illinois Warehouse Spaces for Rent

Evanston, IL Warehouse Space for Rent.

Evanston, Illinois, offers a prime location for businesses seeking warehouse space for rent. Situated just north of Chicago, Evanston provides convenient access to major transportation routes and a highly skilled workforce. Warehouses in Evanston range from small, flex spaces to large, state-of-the-art facilities, accommodating a variety of storage and distribution needs. The city's proximity to O'Hare International Airport and the Port of Chicago makes it an ideal hub for both domestic and international logistics. Additionally, Evanston's business-friendly environment and access to amenities such as high-speed internet and modern infrastructure make it an attractive option for businesses looking to establish or expand their operations.

Benefits of Evanston's, Industrial Market.

With its prime location and abundant amenities, Evanston's industrial market offers businesses numerous advantages.

• Excellent Transportation Infrastructure:Evanston is well-connected via major highways and rail lines, providing easy access to markets and distribution centers.
• Skilled Workforce:The area boasts a highly educated and skilled workforce, supporting efficient operations and innovation.
• Access to Amenities:The city offers a range of dining, retail, and cultural amenities, ensuring a vibrant and convenient work environment.
• Proximity to Major Markets:Evanston's strategic location in the Chicago metropolitan area provides businesses with access to large consumer markets.
• Diverse Inventory:The industrial market offers a wide range of options, including modern flex spaces, warehouses, and distribution facilities.
• Favorable Tax Incentives:Evanston offers competitive tax incentives and abatements to encourage business investment and growth.
• Strong Investment Potential:Stable rental rates, increasing demand, and a solid economic outlook make Evanston an attractive investment opportunity.

Why Evanston is a Great Place to Locate a Business.

Evanston is a prime location for businesses seeking an optimal environment with several advantages:

• Access to Major Transportation Hubs:Evanston offers easy connectivity to major airports, highways, and public transportation, facilitating efficient logistics and commuting.
• Skilled Workforce:Home to Northwestern University, Evanston boasts a highly educated and skilled workforce, providing businesses with access to a talented pool of professionals.
• Thriving Business Community:Evanston fosters a supportive business ecosystem with organizations, incubators, and coworking spaces that nurture growth and collaboration.
• Prime Retail and Office Space:Evanston features a diverse range of commercial properties, including modern office buildings and upscale retail space, catering to varying business needs.
• Vibrant Downtown:The downtown area offers a bustling atmosphere with restaurants, shops, and entertainment venues, enhancing employee well-being and attracting customers.
• Cost-Effective Real Estate:Compared to neighboring cities, Evanston offers competitive rental rates for warehouse space, providing businesses with cost savings and maximizing their returns.
• Sustainability and Green Building Standards:Evanston prioritizes sustainability, adopting high-performance green building standards that reduce operating costs and promote environmental responsibility.

Key Industries in Evanston.

• Technology: Home to multiple tech startups, research labs, and the headquarters of Fortune 500 companies.
• Manufacturing: Remains a significant sector with a diverse range of industrial businesses.
• Biotechnology: A growing industry with a strong presence in the city, particularly in pharmaceuticals and medical research.
• Healthcare: Evanston is home to several major hospitals and medical institutions, employing a significant workforce.
• Education: Northwestern University and Evanston Township High School are major employers in the city.
• Retail and Hospitality: Downtown Evanston offers a vibrant shopping and dining experience.
• Tourism: The city attracts visitors with its historic landmarks, cultural attractions, and proximity to Chicago.
• Transportation: Evanston's convenient location and access to major transportation hubs support various industries.

Demographics.

• Population:78,233
• Median Age:39
• Median Household Income:$97,363
• Education:77% of residents have a bachelor's degree or higher.

Market Statistics.

• Vacancy Rate:14.3%
• Average Asking Rents:$9.00-$14.00/SF/YR
• Total Inventory:10,000,000 sq. ft.