On average, listings lease in the $20's per square foot per year. The Lake Forest submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 3% increase in rent.
Compared to the rest of the Chicagoland market, the Lake Forest submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 14 listings have come on the market, which means listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 7% of the available space in the Lake Forest are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 34,440 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are approximately 2 stories. Most buildings in this market were built in 2001 and are Class A.