The typical asking rate per listing is in the $30's per square foot per year. The Highland Park region is going through a a boost in rates. In the last 3 months, the median rate increased $14 per sqft per year. That's a 52% rise in rent.
Compared to the rest of the Chicagoland market, the Highland Park region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 6 listings have been posted online, which means office spaces might be going fast. 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 7,000 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are close to 3 stories. Most buildings in this market were built in 1988 and are Class A.