Commercial Real Estate Market in Elk City, OK
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
113 active listings and 1,042 off-market properties in Elk City, OK. Commercial property asks $67/SF to buy and $11.70/SF/Yr to lease.
Market Trends
Elk City, OK spans 185.2 square miles in Beckham County, Oklahoma. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Elk City, OK asks $77/SF to buy. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Retail
Retail space in Elk City, OK asks $103/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 Elk City, 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 Elk City, OK runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Market overview
Demographics & Economy
Elk City, OK has 14,198 residents in 7,256 households. Density runs 77 people per square mile. Median household income here is $51,774 and median gross rent $844 a month.
14,198
Population
7,256
Households
2
Avg Household Size
36
Median Age
17%
College-Educated
90%
High-School Grad
185.2 sq mi
ZIP Area
77
Density / Sq Mi
$51,774
Median Household Income
$36,620
Median Earnings
$844
Median Rent
$167,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Canute | — | — |
| Burns Flat | — | — |
| Foss | — | — |
| Carter | — | — |
Commercial property in Elk City, OK asks $67/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Elk City?
Commercial property in Elk City, OK asks an average of $67 per square foot. The 7 most recent recorded sales traded at a median of $65/SF, so asking sits 4% above the achieved median. Retail carries the highest asking price at $103/SF.
How much does it cost to lease commercial space in Elk City?
Asking lease rates in Elk City, OK average $11.70 per square foot per year.
Where does Realmo's Elk City market data come from?
Realmo compiles Elk City, OK figures from 7 recent recorded sales, 98 active sale listings, 15 active lease listings, 1,042 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 98 active for-sale and 15 active for-lease listings in Elk City, 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.
- 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
