Commercial Real Estate Market in Nichols Hills, OK
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
7 active listings and 21 off-market properties in Nichols Hills, OK. Commercial property asks $80/SF to buy and $18.00/SF/Yr to lease.
Market Trends
Nichols Hills, OK spans 16.6 square miles in Oklahoma County, Oklahoma. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Nichols Hills, OK asks $138/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 Nichols Hills, OK asks $108/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 Nichols Hills, 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 space in Nichols Hills, OK asks $154/SF to buy. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Market overview
Demographics & Economy
Nichols Hills, OK has 46,061 residents in 25,322 households. Density runs 2,780 people per square mile. Median household income here is $66,795 and median gross rent $1,064 a month.
46,061
Population
25,322
Households
1.8
Avg Household Size
39
Median Age
49%
College-Educated
95%
High-School Grad
16.6 sq mi
ZIP Area
2,780
Density / Sq Mi
$66,795
Median Household Income
$47,029
Median Earnings
$1,064
Median Rent
$239,519
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| The Village | — | — |
| Warr Acres | — | — |
| Bethany | — | $12.75 |
| Lake Aluma | — | — |
Commercial property in Nichols Hills, OK asks $80/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Nichols Hills?
Commercial property in Nichols Hills, OK asks an average of $80 per square foot. Multifamily carries the highest asking price at $154/SF.
How much does it cost to lease commercial space in Nichols Hills?
Asking lease rates in Nichols Hills, OK average $18.00 per square foot per year.
Where does Realmo's Nichols Hills market data come from?
Realmo compiles Nichols Hills, OK figures from 5 active sale listings, 2 active lease listings, 21 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 5 active for-sale and 2 active for-lease listings in Nichols Hills, 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
