Commercial Leasing in the Chicago Suburbs

Web Admin - Thursday, May 22, 2014

The suburban Chicago commercial leasing market has seen a slight recovery as compared to the depths of the recession, but the revival appears to be sluggish. According to Crain’s Chicago Business, the market currently has an overall vacancy of approximately 24.4 percent. That number is an improvement over the low point of the recession, 25.4 percent in 2010, but it is still a long way off from 2006, during which it fell below 20 percent.

Despite this merely modest improvement, there has actually been a noticeable increase in asking rents, up 12 percent to an average of $21.94. Some experts believe that this rise in asking price relates to the fact that most owners who were in danger of losing their properties have either recovered or gotten out of the market by now. This means that current landholders are more apt to sit and wait than they are to engage in a race to the bottom over prices as they had done in the past. Consequently, hiring an attorney to help negotiate the lease can be even more beneficial.

The Benefits of Involving an Attorney

Both first time lessees and experienced business owners can benefit from investing in a savvy real estate attorney during lease negotiations. Leases are legal documents just like any other contract, and just like many other contracts, they can be filled with dense legalese. Lawyers specialize in dissecting such complex provisions, so that the business owner can be sure they understand exactly what they are agreeing to.

Yet the attorney can add more value than simply translating the lease. Experienced real estate attorneys understand the sorts of provisions likely to appear in a lease. This means that getting an attorney involved early can help negotiations move along more smoothly. Often, business owners, especially those new to commercial leasing, sketch out broad strokes of the lease in negotiations, focusing on key points like price and size of the space. Then, once they feel they have reached a final agreement, the landlord provides the full lease, and the lessee discovers other provisions like janitorial services that the initial negotiations did not cover.

This necessitates reopening negotiations after it appeared that everything had been finalized. Involving a lawyer earlier in the process can prevent such problems from arising. Lawyers with experience negotiating commercial leases can help business owners see the full field of lease terms and allow them to negotiate with confidence.         

Whether you are just beginning to think about buying space or you already have a potential lease ready for review, reach out to an Illinois commercial real estate attorney today. Our experienced team can help analyze your lease and aid you in negotiating the most advantageous deal possible. We serve clients across the northwest suburbs, including in Arlington Heights, Long Grove, and Mount Prospect.

About the Author: Founding partner of Drost, Gilbert, Andrew & Apicella, LLC, Colin Gilbert, received his J.D. from Chicago-Kent College of law in 2005. Colin argues cases across many practice areas including criminal defense, collections, civil litigation, real estate law, and corporate law. Colin is an active member of the Board of Governors of the Northwest Suburban Bar Association and the Illinois Creditors Bar Association. He is currently Vice President of the Arlington Heights Chamber of Commerce, and is a Commissioner for the Village of Arlington Heights. Colin has a 10.0 Attorney rating on Avvo, and was named one of the 2014 “Top 40 Under 40” Trial Lawyers in Illinois by the National Trial Lawyers Association.

Recent Posts


GM ignition switches owner responsibility trucking accidents fatal car accidents LLCs Family Medical Leave Act Schaumburg elder law lawyer Palatine civil attorney real estate closing Barrington injury attorney trucking accident lawyers living trust living wills Schaumburg criminal attorney Food and Drug Administration's Food Safety Modernization Act probate fees products liability slip and fall accidents underage DUI Rolling Meadows insurance dispute lawyers, insurance dispute creditors Rolling Meadows business lawyer Barrington real estate lawyer Palatine traffic lawyer Des Plaines Traffic Lawyer Rolling Meadows car accident lawyers Mount Prospect elder law attorney medication errors Des Plaines pet law attorney jet ski accidents boating accidents cell phone tower data Long Grove real estate attorney DGAA medical marijuana living trust benefits DUI penalities Schaumburg probate attorney Arlington Heights injury attorney Inverness accident lawyer ObamaCare Arlington Heights employment law attorneys Buffalo Grove car accident lawyer Illinois real estate lawyer Fair Labor Standards Act gift taxes Deer Park traffic lawyer Arlington Heights Attorney Crystal Lake estate planning lawyer Illinois medical malpractice case trust payments Chicago car accident lawyer hit and run accident drunk driving statistics bad faith insurance claims Mount Prospect wills and trusts lawyers Rolling Meadows probate lawyer unauthorized overtime defective products lawyer Illinois law truck collisions Rolling Meadows drug defense attorney college kids car accident lawyers Barrington Traffic Lawyer natural gas explosion dynasty trusts Illinois car accident attorney School Visitation Rights Act Arlington Heights car crash attorneys pedestrian accident Illinois insurance attorney Des Plaines drug lawyer commercial leasing license traffic violations real estate attorneys South Barrington real estate attorney Rolling Meadows insurance lawyer Rolling Meadows medical malpractice lawyers Palatine elder law attorney license reinstatement contracts Rolling Meadows boating crash lawyer clemency Illinois workplace lawyer workers comp Barrington civil litigation attorney estate planning trusts startup company rollover car crashes personal injury accidents Buffalo Grove probate lawyer guardianship attorney Palatine civil litigation lawyer Attorney Ken Apicella motorcycle accident marijuana crimes attorney probate work unions Crystal Lake injury attorney pregnant women Palatine estate planning lawyer Illinois personal injury attorney Chicago traffic lawyer Rolling Meadows accident lawyer Colin Gilbert Schaumburg insurance lawyers health insurance dispute gift tax exemption, estate planning, estate planning strategies, Illinois estate planning, South Barrington estate planning attorneys Buffalo Grove law firm construction contracts real estate drug possession insurance claim denial modern family estate planning criminal defense bicycle accidents automated cars insurance agents speeding employment attorney Mount Prospect real estate lawyer Rolling Meadows marijuana attorney Des Plaines tax law firm criminal appealing an insurance claim comp time Crystal Lake medical malpractice lawyer Rolling Meadows Traffic Lawyer federal regulations for LLCs estate planning, digital assets, Revised Uniform Fiduciary Access to Digital Assets Act, Illinois digital assets, Illinois estate planning, employment law Thanksgiving Rolling Meadows litigation lawyer Palatine workers compensation lawyer Schaumburg Attorney Chicago employment attorney defective products Schaumburg employment attorney Chicago employment lawyer pet bites deed transfer deadly crashes Barrington estate planning attorney vacation home wage theft manufacturing BAC Rolling Meadows criminal lawyer Arlington Heights Traffic Lawyer estate planning rent to own real estate contracts Palatine trusts lawyer Illinois civil litigation lawyer driving Long Grove real estate lawyer Chicago biking tips digital assets, digital fiduciary, estate planning, digital content, Long Grove estate planning lawyers ken apicella Joliet general practice lawyers investment property llinois Real Estate Lawyers Association back injuries premises liability Rolling Meadows personal injury lawyer Chicago attorney Long Grove estate planning blended families Detainer Actions Barrington medical malpractice lawyers Illinois real estate Inverness real estate attorney cell phone Illinois Illinois Smoke Detector Act Illinois insurance claims lawyers Chicago will attorney Illinois personal injury lawyer loss of consortium nursing home negligence fault based insurance income distribution deducation federal crimes unpaid overtime trauma after an accident denied insurance claims Des Plaines insurance attorney Arlington Heights estate planning attorney life insurance lawyer Policy Cancellation Palatine traffic accidents Illinois mortgages spinal cord injuries Deer Park DUI lawyer icy parking lots Illinois employment law firm Illinois bicycle safety Barrington litigation attorney estate planning attorney Inverness insurance attorney Rolling Meadows Attorney insurance claims Crystal Lake civil litigation lawyer drugs Illinois employment laws pay when paid contract Inverness probate lawyer operating agreements mass shooting workers compensation real estate attorney Palatine corporate law attorneys Rolling Meadows tax attorney real estate contract IRELA Des Plaines criminal attorney Illinois criminal defense attorney liability drunk driving Schaumburg drug defense lawyer revenge porn employee misclassification murder defense Barrington drug crime attorney pedestrian accidents civil litigation attorney boating under the influence Class A misdemeanor Arlington Heights real estate lawyer vacation home fines Chicago estate planning lawyer Inverness elder law lawyer brain injury Illinois construction accident attorney condo insurance attorney Illinois insurance lawyer Illinois medical malpractice attorney hiring employees Illinois insurance disputes insurance claim dispute attorney Illinois probate lawyer Palatine real estate lawyer Arlington Heights personal injury attorney breathalyzer test Illinois business lawyer head on collisions Jay Andrew CAM Palatine employment lawyer auto accidents homestead rights Rolling Meadows employment law attorney Palatine business attorney unfunded trust Illinois injury lawyer Whistleblower Claims medical research Barrington criminal defense lawyer commercial real estate subcontractor Exclusions natural gas South Barrington real estate lawyer child safety caretaker rights Illinois estate planning law firm marijuana Crystal Lake accident attorney Illinois wrongful termination lawyer fiduciary rule delay sole proprietorship texting and driving Buffalo Grove traffic lawyers internet severance agreements pizza emoji preventing accidents Crystal Lake car accident attorney Rolling Meadows employment attorney privacy laws preventable medical errors Colin H. Gilbert Inverness personal injury attorney Schaumburg traffic lawyer Illinois attorney Illinois small business wills Rolling Meadows personal injury attorney Buffalo Grove employment lawyer Liquor Control Act personal injury claim Schaumburg new real estate form Arlington Heights personal injury lawyer Crystal Lake traffic attorney overtime violations DNR digital evidence employment contract, employment law, employment at-will, Deer Park employment law attorneys, contract, slip and fall Illinois insurance claim dispute lawyer Illinois estate planning Schaumburg wrongful death attorney real estate leasing Crystal Lake medical malpractice attorneys elder abuse Schaumburg estate attorney workplace sexual harassment Illinois medical malpractice claim foreclosure Illinois driving without license IRS rumble strips residential real estate personal injury Deer Park personal injury lawyer Crystal Lake traffic lawyer food poisoning Riverwoods estate planning lawyer Arlington Heights accident attorney home inspection lawyer ACA field sobriety test Des Plaines personal injury attorney Illinois LLC creation Illinois traffic attorney Barrington employment attorney in terrorem provision Arlington Heights tax lawyer Deer Park traffic accident attorney sexual harassment life insurance Forcible Entry criminal law dram shop law irrevocable trust estate attorney Buffalo Grove personal injury attorney digital information condo association denial of life insurance Palatine construction attorney Des Plaines personal injury lawyer Crystal Lake business law attorneys Illinois tax attorney Palatine injury attorney Illinois personal injury Chicago lawyer pedestrian-automobile accident Illinois traffic accident lawyer meal breaks living trust vs will Rolling Meadows estate planning attorney Inverness real estate lawyer dog bites surgical mistakes DUI Arlington Heights trucking lawyer Palatine criminal defense lawyer drug crimes Des Plaines injury law firm privacy whistleblower protections employment law, meal breaks, rest breaks, hotel employees, Des Plaines employment law attorneys Illinois trusts attorney Arlington Heights medical malpractice lawyer Crystal Lake medical malpractice law firm Arlington Heights employment attorney Rolling Meadows corporate lawyer FSLA insurance disputes Illinois insurance claim attorney Illinois wills and trusts business litigation senior citizens Affordable Care Act Buffalo Grove criminal defense lawyer Palatine corporate attorney rest breaks texting while driving no contest clauses Palatine insurance lawyer pain and suffering Barrington business law firm Illinois DUI attorney Arlington Heights wills and trusts lawyer Arlington Heights lawyer drug crimes lawyer BAIID Mt Prospect Attorney breach of contract pet law DUI attorney Chicago trucking accident attorney personal injury lawyer traffic crimes controlled substance Buffalo Grove medical malpractice lawyers attorney fees insurance dispute, insurance dispute lawyers, insurance claim denial, insurance claim delays, Rolling Meadows insurance dispute attorneys civil rights violation forming a corporation in Illinois Barrington criminal lawyer Arlington Heights pedestrian accidents Schaumburg personal injury lawyer IRA trust transfer blood alcohol content criminal record Illinois Transfer on Death Instrument liens insurance claim denials Long Grove estate planning attorney Illinois boating accident lawyer dealing with problem employees Palatine probate lawyer Rolling Meadows insurance attorney real estate zoning civil litigation Arlington Heights car accident lawyer filing a medical malpractice claim small business distracted driving accidents Home Sale Contingencies Crystal Lake car accident lawyer personal injury attorney Buffalo Grove corporate attorney Illinois insurance claim dispute lawyers compensatory time Arlington Heights wills and trusts lawyers wrongful termination, employment law, whistleblower protections, Illinois employment laws, discrimination in the workplace independent contractor foreclosed rental property Federal Food Drug and Cosmetic Act Kenilworth estate planning attorney uninsured motorist healthcare Illinois workers compensation attorney insurance disputes, Illinois insurance disputes, Illinois insurance dispute attorneys, denied insurance claims, Arlington Heights insurance dispute attorneys Illinois living will right to work Illinois Workers’ Compensation Commission sexual images problem employees Des Plaines claims law firm construction accidents, personal injury, wrongful death, Arlington Heights personal injury attorneys, workers' compensation insurance dispute Illinois insurance dispute lawyers Barrington personal injury lawyer Schaumburg injury lawyer Crystal Lake employment attorney Arlington Heights wills and trusts attorneys Illinois rollover accident lawyers Illinois employment law attorney Rolling Meadows personal injury lawyers reckless homicide Des Plaines civil attorney life insurance policy underfunded trust traffic deaths Illinois job attorney Illinois pedestrian accident attorney traffic accidents Arlington Heights traffic attorney Illinois employee rights attorney. consent to a search digital assets Illinois will lawyer Des Plaines motorcycle accident attorney Barrington attorney Illinois registered agent Deer Park accident attorney changes to mortgage law Des Plaines medical malpractice attorney Crystal Lake pet attorney Crystal lake insurance dispute attorney Palatine employment law lawyer denied insurance claim wrongful death Illinois Sales Representative Act TBI Schaumburg civil litigation attorney accidental death benefits estate planning, death tax, succession plans, business estate plans, Barrington estate planning lawyers minimum wage Illinois corporate lawyer Palatine law firm paid sick leave Rolling Meadows traffic attorney crossover accidents Arlington Heights wills and trusts attorney Crystal Lake insurance lawyer medical malpractice compensation Rolling Meadows traffic law firm car crashes social media after death personal injury law firm insurance denial appeals insurance negligence jet ski Deer Park criminal attorney Barrington estate planning lawyer Chicago insurance law firm insurance denials insurance adjusters traffic violations defense Illinois Probate Act of 1975 Illinois medical malpractice lawyers Des Plaines real estate lawyer Des Plaines real estate attorney Illinois trucking safety Buffalo Grove real estate attorney agent Schaumburg real estate lawyer Do Not Resuscitate underinsured motorist Barrington employment law attorney power of attorney for healthcare spinal cord injury Illinois lawyer Crystal Lake employment law attorney advance healthcare directive Inverness corporate attorney installment contracts landlord car accidents Illinois workplace discrimination attorney employee discrimination Des Plaines FMLA Chicago will attorney, social media platforms, Illinois estate planning lawyer, overtime pay Buffalo Grove traffic attorney Palatine punch death expungement traffic laws cell phone accidents Rolling Meadows criminal attorney Illinois defective products attorney rollover accidents landlord tenant law Illinois pet lawyer wills and trusts Chicago insurance claim attorneys bicycle dooring accidents trusts Schaumburg personal injury attorney Crystal Lake personal injury lawyer taxes Illinois motorcycle accident lawyer employment lawyer insurance claim dispute Crystal Lake bike accident lawyer commercial leases car accident probate lawyer Schaumburg construction accident lawyer medical malpractice, missed diagnosis, delayed diagnosis, medical mistake, Deer Creek medical malpractice lawyers golf accidents Arlington Heights insurance attorney Palatine Attorney life insurance claims probate process Fourth of July traumatic brain injuries elder law probate claims Inverness injury lawyer Inverness traffic law firm Chicago corporate attorney Arlington Heights criminal lawyer tax attorney murder Illinois traffic ticket lawyer employment law, Illinois employment laws Schaumburg estate planning attorney job lawyers Buffalo Grove insurance claim dispute lawyers Illinois elder law attorney car crash injuries medical malpractice Barrington workers compensation attorney Crystal Lake criminal defense attorney Deer Park real estate law firm suspended license comparative negligence employees personal injury, auto accident injuries, delayed injuries, serious injuries, Des Plaines personal injury attorneys Illinois estate planning attorney Home Remodeling Repair Act BUI power of attorney fiduciary rule car accident lawyer involuntary manslaughter DUI defense holiday statistics liability claims drug crime Deer Park workers compensation lawyer Crystal Lake tax lawyer Barrington personal injury attorney Schaumburg corporate attorney license revocation Retaliatory Discharge construction accidents Illinois employment attorneys Rolling Meadows employment law attorneys insurance claim delay Schaumburg estate planning lawyer Illinois traffic attorneys car collision Transfer on Death Instrument boating DUI Rolling Meadows low-ball insurance settlement trustee Illinois wills and trusts attorneys Illinois workers compensation lawyer probate claims process Buffalo Grove injury lawyer Crystal Lake will lawyer unpaid assessment Crystal Lake employment lawyer Schaumburg criminal law attorney estate plan Illinois traffic laws Des Plaines DUI attorney financial advisors special needs trust disability benefits Illinois Wage Payment and Collection Act car crash insurance claim employment contract Schaumburg personal injury lawyers Des Plaines collections attorney estate tax IRA benefits trench injuries personal injury claims POA Employment Discrimination Law Barrington Illinois estate planning lawyer Schaumburg employment law attorneys product liability Legal Info Barrington boating accident attorney Palatine drug lawyer DMV corporate law Buffalo Grove personal injury lawyer Illinois employment law attorneys Inverness DUI lawyer Deer Park medical malpractice attorney Deer Park employment law attorney first degree murder Inverness estate planning lawyer institutional trustee Crystal Lake pedestrian accident lawyer traffic offenses Super Mario Self-Directed IRA Accounts hands free device Illinois Human Rights Act Landlord Tenant Ordinance Long Grove wills and trusts attorneys insurance dispute attorney Illinois red light cameras motorcycle accident lawyer mortgage insurance agent negligence Illinois personal injury lawyers Rolling Meadows real estate attorney Illinois employment lawyer Illinois speeding lawyer Des Plaines drug crimes lawyer murder charges eluding a police officer Illinois jet ski accident lawyer Illinois business law atorneys Illinois employment law Arlington Heights TBI attorney Rolling Meadows DUI lawyer distracted driving accident victims Kenilworth estate planning lawyer Barrington employment law firm estate planning for college students estate planning lawyer digital media accounts, estate planning, Arlington Heights estate planning attorney, PTSD Schaumburg car accident attorney license suspension healthcare claims traumatic brain injury Palatine employment attorney wrongful termination caregiver Inverness civil lawyer Des Plaines accident attorney Rolling Meadows insurance dispute lawyers Deer Park motorcycle accident lawyer Illinois home inspection Schaumburg medical malpractice lawyer anesthesia errors Kenilworth estate planning attorneys real estate lawyer Crystal Lake law firm bike accident Des Plaines personal injury lawyers Long Grove estate planning attorneys capital gains tax loopholes medical malpractice claims employee rights Palatine personal injury lawyer swimming pools Crystal Lake personal injury attorney Illinois collections attorney pedestrian injuries, pedestrian fatality traffic tickets Chicago estate planning workers compensation benefits