Business District Sublease

Business District

Office Space Market Report

Number of Listings (last 90 days)
31
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
4,400
As of: December 3, 2016

Business District Rates

On average, listings lease in the $10's per square foot per year. The Business District submarket is going through a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 6% decrease in rent.

Compared to the rest of the Oklahoma City market, the Business District region has lower rates, so you should have no trouble finding a great deal in this depreciated region.

Business District Listing Supply

In the last 90 days, 31 listings have come on the market, which means listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 3% of the listings in the Business District are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 4,400 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are close to 14 floors. Most buildings in this area were built in 1932 and are Class B.

Business District Community

Wholesale trade is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Business District folk. Commuting around 20 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 Business District.
Market Report

Market Data

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