On average, listings lease in the $20's per square foot per year. The Midtown region is seeing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 3% decrease in rent.
Compared to the rest of the Oklahoma City market, the Midtown region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 27 listings have been posted online, which means leases might be going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,090 sqft. Most buildings in this area are close to 2 floors. Most buildings in this region were built in 1940 and are Class B.
A large portion of this market is residential, but there's plenty of office_space. Wholesale trade is the dominant industry in this market. Most of the occupants of Midtown work from home. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.