The typical asking rate per listing is in the $20's per square foot per year. The Arts District submarket is seeing a decrease 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 Arts District submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 11 listings have been listed, which means listings might be going fast. You'll want to be prepared to make an offer immediately. 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 4,790 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are approximately 5 floors. Most buildings in this area were built in 1947 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Real estate is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Arts District residents. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.