On average, listings lease in the $20's per square foot per year. The Business District submarket is going through a decrease in rates. In the last 3 months, the median rate fell $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 greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 251 listings have been made available, so you'll want to check back regularly for new listings. About 7% of the listings in the Business District 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 3,830 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are approximately 14 floors. Most buildings in this area were built in 1949 and are Class B.
Wholesale trade is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Business District residents. Commuting close to 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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