Most listings are in the $10's per square foot per year. The South Oklahoma City submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 11% decline in rent.
Compared to the rest of the Oklahoma City market, the South Oklahoma City submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 20 listings have come on the market, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 55% of the available leases in the South Oklahoma City are subleases, so you might be able to sign a shorter term by taking over a previous 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 6,130 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are close to 1 floors. Most buildings in this market were built in 1992 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst South Oklahoma City occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.