The typical asking rate per listing is in the $20's per square foot per year. The Lake Forest region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $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 undervalued 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 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 area are close to 2 floors. Most buildings in this market were built in 2001 and are Class A.