Commercial Real Estate Market in Newcastle, OK
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
30 active listings and 269 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 October 2026.
Office
Office vacancy in Newcastle, OK runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail vacancy in Newcastle, OK runs 5.4% across the South region in 2025, down from 7% in 2020.
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%.
Multifamily
Multifamily space in Newcastle, OK has a median asking sale price of $144/SF. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
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
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.
Tools
Nearby Markets
Commercial property in Newcastle, OK asks $144/SF. The 2 bordering markets run from $126/SF in Moore to $138/SF in Norman, and the city sits above their $132/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Newcastle?
How does Newcastle compare to nearby markets on price?
Where does Realmo's Newcastle market data come from?
Methodology & data sources
- Asking prices and medians
- There are 23 active for-sale and 7 active for-lease listings in Newcastle, OK. The sale median is based on 18 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
