The typical asking rate per listing is in the $10's per square foot per year. The Business District submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 6% decrease in rent.
Compared to the rest of the Oklahoma City market, the Business District region has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 30 listings have been listed, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 3% of the office spaces in the Business District are subleases, so you will probably have to consider a longer term lease. 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 4,320 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are approximately 14 floors. Most buildings in this area were built in 1932 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 occupants. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.