Midtown Office Space

Midtown

Office Space Market Report

Number of Listings (last 90 days)
98
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
5,330
As of: August 17, 2017

Midtown Rates

On average, listings lease in the $20's per square foot per year. The Midtown region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 12% decrease in rent.

Compared to the rest of the Oklahoma City market, the Midtown region has higher rates, and you'll need to pay a premium to be in this hot region.

Midtown Listing Supply

In the last 90 days, 27 listings have been posted online, which means spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 33% of the office spaces in the Midtown 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 available, so finding a space for a small business might be tough.

Even though the median size is 3,500 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are close to 2 floors. Most buildings in this region were built in 1949 and are Class B.

Midtown Community

A large portion of this market is residential, but there's plenty of office_space. Wholesale trade is the dominant industry in this area. Most of the folk of Midtown work from home. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Midtown.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Midtown.
Research

Oklahoma City Submarkets