The typical asking rate per listing is in the $20's per square foot per year. The Northeast Oklahoma City submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 5% increase in rent.
Compared to the rest of the Oklahoma City market, the Northeast Oklahoma City region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 25 listings have been posted online, which means leases are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 3,000 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are close to 2 stories. Most buildings in this market were built in 2009 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this market. Commute by taxi is the most popular way to get to work amongst Northeast Oklahoma City occupants. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.