The typical asking rate per listing is in the $20's per square foot per year. The Business District submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $8 per sqft per year. That's a 25% decline in rent.
Compared to the rest of the Oklahoma City market, the Business District region has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 251 listings have come on the market, so you'll want to check back regularly for new listings. About 7% of the office spaces in the Business District are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 3,830 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are around 14 stories. Most buildings in this area were built in 1949 and are Class B.
Wholesale trade is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Business District residents. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Business District.
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