Most listings are in the $30's per square foot per year. The Highland Park submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $16 per sqft per year. That's a 33% decline in rent.
Compared to the rest of the Chicagoland market, the Highland Park submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 8 listings have been made available, which means spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 75% of the office spaces in the Highland Park are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,720 sqft. Most properties in this region are close to 2 stories. Most buildings in this market were built in 1988 and are Class A.