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Office Space in Lake Oswego
For Lease
$45 SF/Yr

5500 Meadows Rd, Lake Oswego, OR 97035

Office building in a vibrant community with upscale amenities.

Space Size2,126 SF
Property Size108,454 SF
Days on Market334

Property Features for 5500 Meadows Rd

General Information

Standard status Active
Size 2,126 SF
Property subtype Office
Zoning CR&D
Lease Term Full Service

Building Details

Building Size 108,454 SF
Year Built 2009

Spaces For Lease

at 5500 Meadows Rd
Suite 160 (copy) $45/SF/Yr
Size 2,126 SF
Term Negotiable
Contact us
Listing Agency: Macadam Forbes
Listed By: Kevin VandenBrink · License #OR #990200037
Source: Macadamforbes
Added: Nov 25, 2025 Changed: Oct 23 Last Checked: Oct 24 at 1:55PM

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 Macadam Forbes

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Investment Insights

Based on property information with market context.

Kruse Oaks III is situated within a vibrant community characterized by picturesque landscapes and a thriving business district, offering a balanced work-life environment. The location provides access to upscale dining options, boutique shops, and scenic walking trails along the Willamette River. Proximity to the Lake Oswego Farmers’ Market and parks offers opportunities for relaxation. The property benefits from convenient access to major highways. Hoffman Construction acquired the building in late 2024 and moved their headquarters to the building in 2025. The building is professionally managed by KG Investment Properties.

Key Highlights

  • New ownership by Hoffman Construction and professional management by KG Investment Properties.
  • Prime location in a vibrant community with a strong work‑life balance.
  • Access to upscale dining, boutique shops, and scenic walking trails.

Property Analytics

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Current Use

Office buildings

Suggested Use

Top Pick Auto Parts Store Auto Repair Shop Nail Salon Parking Lot & Garage Storage Facility Hair Salon

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
$6.75 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,720
Businesses Nearby

Demographics for 97035, OR

25,770
Population
11,822
Households
2.2
Avg Household Size
44
Median Age
73%
College-Educated
99%
High-School Grad
5.8 sq mi
ZIP Area
4,443
Density / Sq Mi
$126,866
Median Household Income
$75,523
Median Earnings
$1,951
Median Rent
$790,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Lake Oswego, OR

$38.25 /SF/Yr
Avg Asking Price
$32–$44 /SF/Yr
Price Range
6,771 SF
Avg Space Size

This space is priced 18% above the average of $38.25 /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

Frequently Asked Questions

What type of property is this?
Office building - Office building in a vibrant community with upscale amenities.
Where is this office building located?
The property is located at 5500 Meadows Rd Lake Oswego, OR.
What is the lease rate?
The lease rate is $45 SF/Yr.
What are key features of this property?
This property features: New ownership by Hoffman Construction and professional management by KG Investment Properties.; Prime location in a vibrant community with a strong work‑life balance.; Access to upscale dining, boutique shops, and scenic walking trails.
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