Most listings are 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 fell $6 per sqft per year. That's a 16% decline in rent.
Compared to the rest of the Greater Portland market, the Lake Oswego region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 9 listings have come on the market, which means listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 11% of the listings 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 4,020 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are approximately 4 floors. Most buildings in this market were built in 1990 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 area. Commute by bike is the most popular way to get to work amongst Lake Oswego folk. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.