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

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

Archive