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


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