Most listings are in the $30's per square foot per year. The Lake Oswego submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 12% decline in rent.
Compared to the rest of the Greater Portland market, the Lake Oswego region has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 16 listings have been made available, which means new listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 13% of the office spaces 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 2,810 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are around 4 stories. Most buildings in this market 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 occupants. Commuting around an hour a day is the norm for those who opt to reside in this part of town.