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 decreased $3 per sqft per year. That's a 9% decrease 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, 21 listings have come on the market, which means spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 10% of the office spaces in the Lake Oswego are subleases, so you will probably have to consider a longer term lease. 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 2,810 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are close to 4 floors. 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 area. Commute by bike is the most popular way to get to work amongst Lake Oswego occupants. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.