On average, listings lease in the $20's per square foot per year. The Automobile Alley region is experiencing a an increase in rates. In the last 3 months, the median rate rose $5 per sqft per year. That's a 26% increase in rent.
Compared to the rest of the Oklahoma City market, the Automobile Alley submarket has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 5 listings have come on the market, which means leases most likley are going fast. You'll want to be prepared to make an offer immediately. 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 5,460 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are close to 5 floors. Most buildings in this region were built in 1920 and are Class B.
Education is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Automobile Alley folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.