The typical asking rate per listing is in the $10's per square foot per year. The South Oklahoma City submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $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 smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 20 listings have been posted online, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. About 25% of the available space in the South Oklahoma City are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 6,130 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region 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 folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.