Commercial Real Estate Market in Mustang, OK
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
81 active listings and 316 off-market properties in Mustang, OK. Commercial property asks $3/SF to buy and $26.00/SF/Yr to lease.
Market Trends
Mustang, OK spans 53.7 square miles in Canadian County, Oklahoma. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Mustang, OK runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Mustang, OK runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Mustang, 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 Mustang, 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 58.2%
- Agricultural 22.5%
- Commercial 6.4%
- Planned_development 5.4%
- Industrial 2.8%
- Open space 2.4%
Largest Zones share of zoned land by district
Single Family District
Rural Estates District
General Agricultural Oil And Gas District
Planned Unit Developments
Commercial Intensive District
Single Family District (R-1)
DIVISION 3. - R-1 SINGLE-FAMILY DISTRICT Sec. 122-291. - Purpose. The principal use of land in the R-1 district is for single-family dwellings and related recreational, religious and educational facilities normally required to provide the basic elements of a balanced and attractive residential area. These areas are intended to be defined and protected from t…
Market overview
Demographics & Economy
Mustang, OK has 25,137 residents in 10,285 households. Density runs 468 people per square mile. Median household income here is $93,861 and median gross rent $1,280 a month.
25,137
Population
10,285
Households
2.4
Avg Household Size
38
Median Age
29%
College-Educated
93%
High-School Grad
53.7 sq mi
ZIP Area
468
Density / Sq Mi
$93,861
Median Household Income
$51,699
Median Earnings
$1,280
Median Rent
$236,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Tuttle | — | — |
| Yukon | — | $18.62 |
| Woodlawn Park | — | — |
| Bethany | — | $12.75 |
Commercial property in Mustang, OK asks $3/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Mustang?
Commercial property in Mustang, OK asks an average of $3 per square foot. The 8 most recent recorded sales traded at a median of $608/SF.
How much does it cost to lease commercial space in Mustang?
Asking lease rates in Mustang, OK average $26.00 per square foot per year.
Where does Realmo's Mustang market data come from?
Realmo compiles Mustang, OK figures from 8 recent recorded sales, 69 active sale listings, 12 active lease listings, 316 tracked off-market properties, the current Mustang zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 69 active for-sale and 12 active for-lease listings in Mustang, 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: 7,606 zoned acres across 18 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
