The typical asking rate per listing is in the $20's per square foot per year. The Lake Oswego region is experiencing a decline in rates. In the last 3 months, the median rate fell $8 per sqft per year. That's a 21% decrease in rent.
Compared to the rest of the Greater Portland market, the Lake Oswego submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 16 listings have come on the market, which means spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. 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 2,800 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are approximately 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 around an hour a day is the norm for those who opt to reside in this part of town.