On average, listings lease in the $30's per square foot per year. The Lake Oswego region is experiencing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 4% decline in rent.
Compared to the rest of the Greater Portland market, the Lake Oswego submarket has greater 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 new availabilities most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 17% of the available space 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 4,130 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are close to 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 region. Commute by bike is the most popular way to get to work amongst Lake Oswego occupants. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.