The typical asking rate per listing is in the $30's per square foot per year. The Lake Oswego region is seeing a decline in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 12% decrease in rent.
Compared to the rest of the Greater Portland market, the Lake Oswego region has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 16 listings have been posted online, which means new availabilities most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 13% of the available space in the Lake Oswego are subleases, so you might be able to snag a great spot on a short term. 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 2,810 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are close to 4 stories. 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 region. 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.