The typical asking rate per listing is in the $20's per square foot per year. The Automobile Alley submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 12% rise in rent.
Compared to the rest of the Oklahoma City market, the Automobile Alley submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 6 listings have been made available, which means new availabilities are probably going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, 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 properties in this market are close to 5 stories. Most buildings in this area were built in 1920 and are Class B.
Education is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Automobile Alley occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.