On average, listings lease in the $40's per square foot per year. The Highland Park submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $8 per sqft per year. That's a 20% rise in rent.
Compared to the rest of the Chicagoland market, the Highland Park submarket has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 8 listings have been made available, which means 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 posted, so finding a space for a small business might be tough.
Even though the median size is 6,170 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are approximately 2 stories. Most buildings in this market were built in 1988 and are Class A.