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.
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.
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.