On average, listings lease in the $20's per square foot per year. The Lake Forest submarket is going through a decrease in rates. In the last 3 months, the median rate fell $10 per sqft per year. That's a 28% decrease in rent.
Compared to the rest of the Chicagoland market, the Lake Forest region has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 14 listings have been posted online, which means new availabilities are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 42,720 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are around 2 stories. Most buildings in this region were built in 2001 and are Class A.