The typical asking rate per listing is in the $30's per square foot per year. The Lake Oswego submarket is going through a decrease in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 15% decline 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, 16 listings have been posted online, which means new listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 2,800 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are around 4 floors. 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 residents. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.