The typical asking rate per listing is in the $30's per square foot per year. The Lake Oswego submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $7 per sqft per year. That's a 21% increase in rent.
Compared to the rest of the Greater Portland market, the Lake Oswego submarket has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 16 listings have been listed, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. About 119% 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 2,990 sqft, there are still 0 leases below 2,000 sqft. Most properties 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 market. 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.