The typical asking rate per listing is in the $20's per square foot per year. The Southwest Oklahoma City region is going through a decline in rates. In the last 3 months, the median rate decreased $50 per sqft per year. That's a 71% decline in rent.
Compared to the rest of the Oklahoma City market, the Southwest Oklahoma City region has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 102 listings have been made available, so you'll want to check back regularly for new listings. About 6% of the available space in the Southwest 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.
Even though the median size is 6,900 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are approximately 1 stories. Most buildings in this area were built in 2003 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this area. Most of the folk of Southwest Oklahoma City work from home. Commuting between 30 and 45 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 Southwest Oklahoma City.
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