Lake Oswego Office Rent Price & Sales Report

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%
Data provided by Yardi Research
Submarket differences in factors such as property mix, degree of accessibility, and availability of amenities influence not only variation in office rent price, but also in vacancy rates. The overall office vacancy rate on the Lake Oswego market was 15.71% in 2024. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Lake Oswego was 6.88% in the Southwest Portland submarket, while the highest office vacancy in the market was 15.25%, recorded in Lake Oswego.

Office Spaces for Rent in Oregon

Coworking Spaces in Oregon

2024 Office Construction in Lake Oswego, OR

Largest Office Properties Recently Completed in Lake Oswego
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
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
Kruse Woods Corporate Park - 4004 Kruse Way 4004 Kruse Way Place, 97035 58,212 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
Kruse Woods Corporate Park - Kruse Woods II 5335 Meadows Road, 97035 123,607 1988

Worth noting among recent office completions on the Lake Oswego market is Kruse Oaks III, which is currently the largest new office development in the city, at 108,454 square feet.

Data provided by Yardi Research

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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 Yardi Research Data, 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 Yardi Research Data can guarantee that the information provided is complete.