The typical asking rate per listing is in the $30's per square foot per year. The Lake Oswego region is seeing a a rise in rates. In the last 3 months, the median rate rose $7 per sqft per year. That's a 22% rise in rent.
Compared to the rest of the Greater Portland market, the Lake Oswego submarket has higher 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 listed, which means leases are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 6% of the listings in the Lake Oswego are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 4,130 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are close to 4 stories. 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 approximately an hour a day is the norm for those who opt to reside in this part of town.