On average, listings lease in the $30's per square foot per year. The Lake Forest region is going through a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 2% decrease in rent.
Compared to the rest of the Chicagoland market, the Lake Forest region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 15 listings have been posted online, which means spaces might be going fast. 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 3,640 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are approximately 2 floors. Most buildings in this area were built in 2003 and are Class A.