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


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