The typical asking rate per listing is in the $30's per square foot per year. The Highland Park region is experiencing a decrease in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 10% decrease in rent.
Compared to the rest of the Chicagoland market, the Highland Park submarket has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 8 listings have been made available, which means listings most likley are 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 available, so finding a space for a small business might be tough.
Even though the median size is 3,330 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are approximately 2 stories. Most buildings in this region were built in 1988 and are Class A.