2024 Office Space Rent & Sales
- $38.59 2024 Avg. Asking Rent
- 15.71% 2024 Office Vacancy Rate
Lake Oswego office price per square foot in 2024 was $38.59 on average. The local office market recorded an average vacancy rate of 15.71% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2024 Average Office Rent per Square Foot
- Oregon Class A & A+ Office Space$33.32
- Oregon Class B Office Space$25.72
- Oregon Class C Office Space$18.77
Lake Oswego, OR Office Asking Rents by Class
2024 Office Vacancy Rates in Lake Oswego
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Lake Oswego | $36.81 | 15.25% |
| Southwest Portland | $18.60 | 6.88% |
Office Spaces for Rent in Oregon
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2024 Office Construction in Lake Oswego, OR
| Office building | Address | SF | Completed |
|---|---|---|---|
| Beacon Lake Oswego | 525 3rd Street, 97034 | 55,000 | 2020 |
| Kruse Oaks III | 5500 Meadows Rd, 97035 | 108,454 | 2009 |
| Lake Oswego Medical Plaza | 17704 Jean Way, 97035 | 15,744 | 2002 |
| Two Centerpointe Drive | 2 Centerpointe Dr, 97035 | 115,447 | 1999 |
| Kruse Woods Corporate Park - 4800 Meadows | 4800 Meadows Road, 97035 | 74,426 | 1999 |
| Kruse Woods Corporate Park - Kruse Woods III | 5005 Meadows Road, 97035 | 91,717 | 1997 |
| Kruse Woods Corporate Park - Kruse Woods IV | 5665 Meadows Road, 97035 | 89,048 | 1996 |
| Westlake Retail & Office Opportunity | 14559 SW Westlake Dr, 97035 | 40,000 | 1995 |
| Kruse Woods Corporate Park - 5000 Meadows | 5000 Meadows Road, 97035 | 85,720 | 1990 |
| 300 Oswego Pointe, Lake Oswego | 300 Oswego Pointe, 97034 | 13,917 | 1990 |
Worth noting among recent office completions on the Lake Oswego market is Beacon Lake Oswego, which is currently the largest new office development in the city, at 55,000 square feet.
See reports for other markets
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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Lake Oswego commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.