The typical asking rate per listing is in the $20's per square foot per year. The Arts District submarket is seeing a a rise in rates. In the last 3 months, the median rate rose $24 per sqft per year.
Compared to the rest of the Oklahoma City market, the Arts District region has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 13 listings have been posted online, which means spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 85% of the available leases in the Arts District 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 3,060 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are around 5 stories. Most buildings in this market were built in 1948 and are Class B.
A large portion of this region is residential, but there's plenty of office_space. Real estate is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Arts District occupants. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.