DGAA bLAWg

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


Tags

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

Archive