Commercial Real Estate Market in Newcastle, OK
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
39 active listings and 271 off-market properties in Newcastle, OK.
Market Trends
Newcastle, OK spans 51.8 square miles in McClain County, Oklahoma. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Newcastle, 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 Newcastle, OK runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Newcastle, 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 Newcastle, 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
- Agricultural 68.2%
- Residential 18.8%
- Industrial 5.8%
- Planned_development 4.2%
- Commercial 3%
Largest Zones share of zoned land by district
General Agricultural
Suburban Estate Residential
Restricted Light Manufacturing And Warehouse
Urban Estate Residential
Planned Unit Development
Market overview
Demographics & Economy
Newcastle, OK has 9,725 residents in 4,413 households. Density runs 188 people per square mile. Median household income here is $93,451 and median gross rent $990 a month.
9,725
Population
4,413
Households
2.2
Avg Household Size
38
Median Age
32%
College-Educated
91%
High-School Grad
51.8 sq mi
ZIP Area
188
Density / Sq Mi
$93,451
Median Household Income
$51,717
Median Earnings
$990
Median Rent
$240,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Moore | $145 (county avg) | $28.71 |
| Norman | $145 (county avg) | $17.22 |
Commercial property in Newcastle, OK asks $256/SF. The 2 bordering markets run from $145/SF in Moore to $145/SF in Moore, and the city sits above their $145/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Newcastle?
Commercial property in Newcastle, OK asks an average of $256 per square foot.
How does Newcastle compare to nearby markets on price?
Newcastle, OK asks $256/SF against $145/SF in Moore and $145/SF in Norman. Moore is the cheapest entry point at 43% below Newcastle pricing, with $28.71/SF/Yr asking rents.
Where does Realmo's Newcastle market data come from?
Realmo compiles Newcastle, OK figures from 3 recent recorded sales, 35 active sale listings, 4 active lease listings, 271 tracked off-market properties, the current Newcastle zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 35 active for-sale and 4 active for-lease listings in Newcastle, 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: 39,415 zoned acres across 13 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
