On average, listings lease in the $20's per square foot per year. The Lake Forest region is going through a a boost in rates. In the last 3 months, the median rate went up $26 per sqft per year.
Compared to the rest of the Chicagoland market, the Lake Forest submarket has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 14 listings have been posted online, which means leases are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 7% of the office spaces in the Lake Forest are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 34,440 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are around 2 stories. Most buildings in this market were built in 2001 and are Class A.