The typical asking rate per listing is in the $20's per square foot per year. The Arts District submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $9 per sqft per year. That's a 47% rise in rent.
Compared to the rest of the Oklahoma City market, the Arts District region has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 13 listings have been made available, which means office spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. 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 4,790 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are around 5 stories. Most buildings in this area were built in 1947 and are Class A.
A large portion of this region 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 occupants. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.