On average, listings lease in the $20's per square foot per year. The Business District submarket is seeing a an increase 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 Business District submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 45 listings have been listed, so you'll want to check back regularly for new listings. About 144% of the available leases in the Business District are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,320 sqft. Most buildings in this area are around 14 stories. Most buildings in this region were built in 1931 and are Class B.
Wholesale trade is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Business District residents. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.