On average, listings lease in the $30's per square foot per year. The Lake Oswego submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $8 per sqft per year. That's a 27% rise in rent.
Compared to the rest of the Greater Portland market, the Lake Oswego region has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 13 listings have been listed, which means leases are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 8% of the listings in the Lake Oswego are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 4,130 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are approximately 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 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.