Highlights
- The average rent for office space in Lake Oswego is $39.08 per square foot, 1.28% higher compared to the previous year.
- The market’s vacancy rate stands at 11.66%, lower than the state average of Oregon, which is 15.31%.
2025 Office Space Rent & Sales
- $39.08 2025 Avg. Asking Rent
- 1.28% Y-o-Y Avg. Asking Rent Change
- 11.66% 2025 Office Vacancy Rate
What is the average asking rent price for office space in Lake Oswego?
Average asking rents for office space here stand at $39.08 per square foot. The local office market recorded an average vacancy rate of 11.66% in 2025, unchanged from 11.66% in 2024.
Lake Oswego, OR Office Asking Rents by Class
What is the average office rent per square foot by property class in OR?
- Avg. Asking Rent Class A & A+$33.77
- Avg. Asking Rent Class B$25.24
- Avg. Asking Rent Class C$16.34
For comparison, the average rent for Class A and A+ office space in Oregon was $33.77 per square foot. The state-wide average for Class B space was $25.24 per square foot, and Class C office spaces averaged $16.34 per square foot.
Lake Oswego, OR Office Indicators by Submarket
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Lake Oswego | $39.08 | 11.89% |
| Southwest Portland | $18.63 | 12.62% |
Office Construction in Lake Oswego, OR
What are the largest recent office completions in Lake Oswego?
The largest recent office completion here is Two Centerpointe Drive at 115,447 square feet, completed in 1999. The next largest completions are Two Centerpointe and Carter Creek Meadows - 6000 Meadows Road.
| Office building | Address | SF | Completed |
|---|---|---|---|
| Kruse Oaks III | 5500 Meadows Rd, 97035 | 108,454 | 2009 |
| Lake Oswego Medical Plaza | 17704 Jean Way, 97035 | 15,744 | 2002 |
| Carter Creek Meadows - 5800 Meadows Road | 5800 Meadows Road, 97035 | 89,767 | 2001 |
| Two Centerpointe Drive | 2 Centerpointe Dr, 97035 | 115,447 | 1999 |
| Two Centerpointe | 2 Centrepointe Drive, 97035 | 115,243 | 1999 |
| Carter Creek Meadows - 6000 Meadows Road | 6000 Meadows Road, 97035 | 113,111 | 1999 |
| Three Centerpointe | 3 Centerpointe Drive, 97035 | 104,916 | 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 |
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Disclaimer
All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.
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 Yardi Research Data can guarantee that the information provided is complete.