Most listings are 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 rose $7 per sqft per year. That's a 21% increase in rent.
Compared to the rest of the Greater Portland market, the Lake Oswego submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 16 listings have been listed, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. About 106% of the office spaces in the Lake Oswego are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 availabilities below 2,000 sqft. Most buildings in this region are close to 4 floors. Most buildings in this region 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.