On average, listings lease in the $20's per square foot per year. The Automobile Alley region is experiencing a decline in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 9% decline in rent.
Compared to the rest of the Oklahoma City market, the Automobile Alley submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 1 listings have been listed, which means spaces might be 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 4,130 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region were built in 1991 and are Class B.
This area is fairly equally mixed residential and commercial. Education is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Automobile Alley occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.