On average, listings lease in the $20's per square foot per year. The Business District submarket is going through a a boost in rates. In the last 3 months, the median rate rose $5 per sqft per year. That's a 29% rise in rent.
Compared to the rest of the Oklahoma City market, the Business 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, 45 listings have been made available, so you'll want to check back regularly for new listings. About 11% of the available leases in the Business District are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,190 sqft. Most properties in this area are approximately 14 floors. Most buildings in this region were built in 1931 and are Class B.
Wholesale trade is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Business District folk. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.