The typical asking rate per listing is in the $30's per square foot per year. The Lake Oswego submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $7 per sqft per year. That's a 22% rise in rent.
Compared to the rest of the Greater Portland market, the Lake Oswego region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 18 listings have been made available, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. About 6% of the available space in the Lake Oswego are subleases, so you will probably have to focus your search on direct office leases. 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 4,130 sqft, there are still 0 spaces below 2,000 sqft. Most properties 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 region. Commute by bike is the most popular way to get to work amongst Lake Oswego folk. Commuting around an hour a day is the norm for those who opt to reside in this part of town.