On average, listings lease in the $280's per square foot per year. The Libertyville region is seeing a an increase in rates. In the last 3 months, the median rate rose $284 per sqft per year.
Compared to the rest of the Chicagoland market, the Libertyville submarket has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 3 listings have been made available, which means office spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 633% of the listings in the Libertyville are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 840 sqft. Most properties in this market are close to 2 stories. Most buildings in this market were built in 1990 and are Class B.