On average, listings lease in the $30's per square foot per year. The Lake Forest region is going through a a boost in rates. In the last 3 months, the median rate went up $36 per sqft per year.
Compared to the rest of the Chicagoland market, the Lake Forest submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 6 listings have come on the market, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 20,000 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are approximately 2 stories. Most buildings in this market were built in 2003 and are Class A.