On average, listings lease in the $20's per square foot per year. The Northeast Oklahoma City submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 13% decrease in rent.
Compared to the rest of the Oklahoma City market, the Northeast Oklahoma City submarket has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 25 listings have been made available, which means leases might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 72% of the office spaces in the Northeast 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.
The standard measurement for office space in this area is around 1,730 sqft. Most buildings in this region are around 1 stories. Most buildings in this area were built in 2008 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this area. Commute by taxi is the most popular way to get to work amongst Northeast Oklahoma City occupants. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.