On average, listings lease in the $20's per square foot per year. The Central Oklahoma City submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 3% decrease in rent.
Compared to the rest of the Oklahoma City market, the Central Oklahoma City region has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 1968 listings have been made available, so you'll want to check back regularly for new listings. About 8% of the available leases in the Central Oklahoma City are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,420 sqft. Most properties in this area are close to 2 floors. Most buildings in this area were built in 1974 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Central Oklahoma City occupants. Commuting around 30 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 Central Oklahoma City.
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