On average, listings lease in the $20's per square foot per year. The Downtown Oklahoma City submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 3% increase in rent.
Compared to the rest of the Oklahoma City market, the Downtown Oklahoma City submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 97 listings have been made available, so you'll want to check back regularly for new listings. About 30% of the listings in the Downtown 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 posted, so finding a space for a small business might be tough.
Even though the median size is 5,600 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are around 2 floors. Most buildings in this region were built in 1938 and are Class B.
This market is fairly equally mixed residential and commercial. Company management is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Downtown Oklahoma City folk. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.