Midtown Retail

Midtown

Office Space Market Report

Number of Listings (last 90 days)
27
Median Rate ($/sqft/yr)
$28
Median Size (sqft)
5,330
As of: July 27, 2017

Midtown Rates

The typical asking rate per listing is in the $20's per square foot per year. The Midtown region is seeing a an increase in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 14% increase in rent.

Compared to the rest of the Oklahoma City market, the Midtown submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Midtown Listing Supply

In the last 90 days, 27 listings have been listed, which means spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 41% of the available leases in the Midtown 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 available, so finding a space for a small business might be tough.

Even though the median size is 8,220 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are close to 2 stories. Most buildings in this market were built in 1949 and are Class B.

Midtown Community

A large portion of this area 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 approximately 30 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Midtown.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Midtown.
Research