On average, listings lease in the $20's per square foot per year. The Lake Forest region is seeing a an increase in rates. In the last 3 months, the median rate rose $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 pay a premium to be in this hot submarket.
In the last 90 days, 14 listings have been made available, which means new listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 29% of the available leases in the Lake Forest are subleases, so you might be able to snag a great spot on a short term. 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 spaces below 2,000 sqft. Most properties in this market are close to 2 floors. Most buildings in this market were built in 2001 and are Class A.