On average, listings lease in the $10's per square foot per year. The South Oklahoma City region is experiencing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 7% decline in rent.
Compared to the rest of the Oklahoma City market, the South Oklahoma City region has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 20 listings have been posted online, which means listings most likley are 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 on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,000 sqft. Most properties in this market are approximately 1 stories. Most buildings in this region were built in 1988 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 region. Commute by public transit is the most popular way to get to work amongst South Oklahoma City folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.