On average, listings lease in the $30's per square foot per year. The Lake Oswego region is seeing a a rise in rates. In the last 3 months, the median rate rose $32 per sqft per year.
Compared to the rest of the Greater Portland market, the Lake Oswego region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 16 listings have been posted online, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 119% 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 posted, so finding a space for a small business might be tough.
Even though the median size is 2,800 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are around 4 stories. 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 approximately an hour a day is the norm for those who opt to reside in this part of town.