The typical asking rate per listing is in the $20's per square foot per year. The Business District submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 3% rise in rent.
Compared to the rest of the Oklahoma City market, the Business District submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 37 listings have been posted online, which means listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 3% of the listings in the Business District are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 4,320 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are close to 14 floors. Most buildings in this region were built in 1932 and are Class B.
Wholesale trade is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Business District occupants. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.