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


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