Most listings are in the $30's per square foot per year. The South Oklahoma City submarket is experiencing a a boost in rates. In the last 3 months, the median rate rose $15 per sqft per year. That's a 79% increase in rent.
Compared to the rest of the Oklahoma City market, the South Oklahoma City submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 20 listings have been listed, which means office spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 40% of the listings in the South Oklahoma City are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 8,440 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are around 1 stories. Most buildings in this market were built in 1992 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst South Oklahoma City occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.