Commercial Real Estate Market in Commerce, OK
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
2 active listings and 111 off-market properties in Commerce, OK.
Market Trends
Commerce, OK spans 3.4 square miles in Ottawa County, Oklahoma. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Commerce, OK runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail space in Commerce, OK asks $55/SF to buy. Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Industrial
Industrial vacancy in Commerce, OK runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in Commerce, OK runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 62.4%
- Commercial 23.8%
- Civic 1.9%
- Industrial 0.7%
Largest Zones share of zoned land by district
General Residential
General Commercial
City Property
Flood Hazard
Multiple Family
Commerce, OK zones 1,523 acres across 6 districts. Commercial zoning covers 23.8% of zoned land, residential 62.4% and industrial 0.7%. The largest single district is General Residential at 61.7%. For commercial buyers the practical constraint is that only 24.4% of land carries a commercial or industrial designation.
General Residential (R-1)
It is the purpose and intent of this district to promote the development and continued use of land for dwellings and to provide and maintain a quiet, pleasant, and relatively spacious living area protected from traffic hazards and intrusion of uses
Market overview
Demographics & Economy
Commerce, OK has 2,296 residents in 1,026 households. Density runs 672 people per square mile. Median household income here is $35,893 and median gross rent $681 a month.
2,296
Population
1,026
Households
2.2
Avg Household Size
37
Median Age
9%
College-Educated
75%
High-School Grad
3.4 sq mi
ZIP Area
672
Density / Sq Mi
$35,893
Median Household Income
$30,731
Median Earnings
$681
Median Rent
$72,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| North Miami | — | — |
| Cardin | — | — |
| Miami | — | — |
| Picher | — | — |
Commercial property in Commerce, OK asks $58/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Commerce?
Commercial property in Commerce, OK asks an average of $58 per square foot. The 6 most recent recorded sales traded at a median of $33/SF, so asking sits 73% above the achieved median. Retail carries the highest asking price at $55/SF.
What zoning applies to commercial property in Commerce?
Commerce, OK zones 1,523 acres across 6 districts, of which 23.8% is commercial and 0.7% industrial. The largest single district is General Residential at 61.7% of zoned land. It is the purpose and intent of this district to promote the development and continued use of land for dwellings and to provide and maintain a quiet, pleasant, and relatively spacious living area protected from traffic hazards and intrusion of uses Residential zoning covers 62.4% and open space 0%.
Where does Realmo's Commerce market data come from?
Realmo compiles Commerce, OK figures from 7 recent recorded sales, 2 active sale listings, 111 tracked off-market properties, the current Commerce zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 2 active for-sale and 0 active for-lease listings in Commerce, OK. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 1,523 zoned acres across 6 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
