The typical asking rate per listing is in the $20's per square foot per year. The Arts District submarket is going through a a rise in rates. In the last 3 months, the median rate increased $9 per sqft per year. That's a 53% rise in rent.
Compared to the rest of the Oklahoma City market, the Arts District submarket has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 10 listings have been made available, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 4,690 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are around 2 stories. Most buildings in this region were built in 1942 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Arts District occupants. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.