On average, listings lease in the $30's per square foot per year. The Lake Oswego region is seeing a a boost in rates. In the last 3 months, the median rate went up $7 per sqft per year. That's a 21% increase in rent.
Compared to the rest of the Greater Portland market, the Lake Oswego region has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 16 listings have been listed, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 106% of the available space 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 posted, so finding a space for a small business might be tough.
Even though the median size is 3,000 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are close to 4 floors. Most buildings in this area were built in 1988 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 residents. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.