On average, listings lease in the $20's per square foot per year. The Midtown region is experiencing a decrease 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 Midtown region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 27 listings have been listed, which means 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.
The standard measurement for office space in this area is around 1,700 sqft. Most buildings in this region are close to 2 floors. Most buildings in this area were built in 1930 and are Class B.
A large portion of this market is residential, but there's plenty of office_space. Wholesale trade is the dominant industry in this area. Most of the residents of Midtown work from home. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.