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Finished Office Suite with Covered Parking
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390 1st St, Lake Oswego, OR 97034

Well-lit office space with large open areas and three interior private offices, plus covered parking nearby.

Property Size1,736 SF
Days on Market451

Property Features for 390 1st St

General Information

Standard status Active
Size 1,736 SF
Property subtype OFFICE
Lease Type SF/yr

Space & Availability

Space Use Office
Private Offices 3

Lease Terms

Lease Rate $35 /USD/SF/YR
Rent per SF/Year $35
CAM $18.20 /USD/SF/YR

Amenities

covered parking
seasonal farmer's market
venue for concerts, art attractions and community events
spectacular views of Mount Hood and the lake
Listing Agency: CBRE | Portland
Listed By: Jennifer Medak
Source: Moodyscre
Added: May 6, 2025 Changed: Jul 29 Last Checked: Jul 30 at 10:26AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE | Portland

Investment Insights

Based on property information with market context.

Finished office suite at 390 1st St in Lake Oswego, OR, offering plenty of light and large open areas for day-to-day work. The layout includes three interior private offices, supporting a mix of collaborative and focused space.

Covered parking is available for occupants and visitors. The property is adjacent to Millennium Park Plaza, providing access to a broader center environment. Surrounding area activity can include a seasonal farmers’ market, along with year-round community events such as concerts and art attractions. For views, the space is described as having views of Mount Hood and the lake.

This offering is presented for office use and is well suited for established medical and professional services that value privacy and workable open-area floor planning.

Key Highlights

  • Plenty of light with large open areas
  • Includes three interior private offices
  • Finished office suite layout

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Furniture & Home Goods Parking Lot & Garage Carpet & Flooring Store Computer & Electronic Repair Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$5.25 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,512
Businesses Nearby

Demographics for 97034, OR

21,396
Population
9,017
Households
2.4
Avg Household Size
49
Median Age
74%
College-Educated
99%
High-School Grad
7.7 sq mi
ZIP Area
2,779
Density / Sq Mi
$147,688
Median Household Income
$77,500
Median Earnings
$2,030
Median Rent
$995,900
Median Home Value

Market

Lease Benchmarks for Lake Oswego, OR

$34.08 /SF/Yr
Avg Asking Price
$27.5–$41 /SF/Yr
Price Range
29,278 SF
Avg Space Size

This space is priced 3% above the average of $34.08 /SF/Yr.

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Well-lit office space with large open areas and three interior private offices, plus covered parking nearby.
Where is this office units located?
The property is located at 390 1st St Lake Oswego, OR.
What is the lease rate?
The lease rate is $35 SF/Yr.
What are key features of this property?
This property features: Plenty of light with large open areas; Includes three interior private offices; Finished office suite layout
(503) 221-4853 Call to check price and availability
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