Commercial Real Estate Market in Lake Oswego, OR
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
103 active listings and 429 off-market properties in Lake Oswego, OR. Commercial property asks $563/SF to buy and $35.08/SF/Yr to lease.
Market Trends
Lake Oswego, OR spans 13.6 square miles in Clackamas County, Oregon. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Lake Oswego, OR runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Lake Oswego, OR runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Lake Oswego, OR runs 7.9% across the West region in 2025, up from 3.7% in 2019. Nearly 3.2x the 2022 low of 2.5%.
Vacancy Rate % in West region
Multifamily
Multifamily vacancy in Lake Oswego, OR runs 8.6% across the West region in 2025, up from 7% in 2022.
Vacancy Rate % in West region
Market overview
Demographics & Economy
Lake Oswego, OR has 47,166 residents in 20,839 households. Density runs 3,479 people per square mile. Median household income here is $136,312 and median gross rent $1,987 a month.
47,166
Population
20,839
Households
2.3
Avg Household Size
46
Median Age
74%
College-Educated
99%
High-School Grad
13.6 sq mi
ZIP Area
3,479
Density / Sq Mi
$136,312
Median Household Income
$76,420
Median Earnings
$1,987
Median Rent
$883,895
Median Home Value
Tools
Lease vs Buy Breakeven
At $35.08/SF/Yr lease vs $563/SF buy → buying wins if held > 4.6 years.
At a 6.2% gross asking yield the payback reads short relative to leasing. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Tualatin | — | $18.78 |
| Tigard | — | $25.93 |
| Gladstone | — | — |
Commercial property in Lake Oswego, OR asks $563/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lake Oswego?
Commercial property in Lake Oswego, OR asks an average of $563 per square foot.
How much does it cost to lease commercial space in Lake Oswego?
Asking lease rates in Lake Oswego, OR average $35.08 per square foot per year.
Is it cheaper to lease or buy commercial space in Lake Oswego?
Buying beats leasing in Lake Oswego, OR if the property is held longer than 4.6 years, comparing $35.08/SF/Yr asking rent with $563/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
Where does Realmo's Lake Oswego market data come from?
Realmo compiles Lake Oswego, OR figures from 4 recent recorded sales, 59 active sale listings, 44 active lease listings, 429 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 59 active for-sale and 44 active for-lease listings in Lake Oswego, OR. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at West region level, retail vacancy is reported at West region level and industrial vacancy is reported at West region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · report a data issue
