On average, listings lease in the $20's per square foot per year. The Automobile Alley region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 9% decline in rent.
Compared to the rest of the Oklahoma City market, the Automobile Alley submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 1 listings have been listed, which means new listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. 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 4,130 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area were built in 1991 and are Class B.
This region is fairly equally mixed residential and commercial. Education is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Automobile Alley residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.