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 decreased $1 per sqft per year. That's a 3% decrease in rent.
Compared to the rest of the Oklahoma City market, the Business District region has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 24 listings have come on the market, which means leases most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 4% of the available leases in the Business District are subleases, so you will probably have to focus your search on direct office leases. 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 office spaces below 2,000 sqft. Most properties in this region are close to 14 floors. Most buildings in this market were built in 1932 and are Class B.
Wholesale trade is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Business District residents. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.