On average, listings lease in the $20's per square foot per year. The Downtown Oklahoma City submarket is going through a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 3% decline in rent.
Compared to the rest of the Oklahoma City market, the Downtown Oklahoma City region has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 46 listings have come on the market, so you'll want to check back regularly for new listings. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 3,810 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are around 2 floors. Most buildings in this area were built in 1936 and are Class B.
This market is fairly equally mixed residential and commercial. Company management is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Downtown Oklahoma City residents. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.