The typical asking rate per listing is in the $30's per square foot per year. The Lake Oswego submarket is going through a decline in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 16% decrease in rent.
Compared to the rest of the Greater Portland market, the Lake Oswego region has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 9 listings have been listed, which means leases are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 11% of the available leases in the Lake Oswego are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 4,020 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are approximately 4 floors. Most buildings in this area were built in 1990 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Lake Oswego folk. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.