On average, listings lease in the $20's per square foot per year. The Arts District region is seeing a decrease in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 18% decline in rent.
Compared to the rest of the Oklahoma City market, the Arts District submarket has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 13 listings have been made available, which means new listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 6,750 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are approximately 5 stories. Most buildings in this market were built in 1948 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Real estate is the dominant industry in this region. 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.