On average, listings lease in the $30's per square foot per year. The Lake Oswego submarket is going through a decline in rates. In the last 3 months, the median rate fell $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 more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 16 listings have come on the market, which means new availabilities might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 13% of the available leases in the Lake Oswego are subleases, so you might be able to find a shorter term or below market rent. 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 4,170 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are around 4 stories. Most buildings in this area 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 around an hour a day is the norm for those who opt to reside in this part of town.