Commercial Real Estate Market in Oklahoma City, OK
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
1,887 active listings and 17,259 off-market properties in Oklahoma City, OK. Commercial property asks $119/SF to buy and $14.95/SF/Yr to lease. Office vacancy runs 29.6%, the loosest of the segments tracked here.
Market Trends
Oklahoma City, OK spans 391.1 square miles in Oklahoma County, Oklahoma. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Oklahoma City, OK asks $138/SF to buy. Vacancy runs 29.6% in 2025, up from 10.8% in 2023.
Average Sale Price $/SF
Listings
Vacancy Rate %
Retail
Retail space in Oklahoma City, OK asks $108/SF to buy. Vacancy runs 8% in 2025, down from 9.1% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate %
Industrial
Industrial vacancy in Oklahoma 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 space in Oklahoma City, 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
Oklahoma City, OK has 695,364 residents in 316,460 households. Density runs 1,778 people per square mile. Median household income here is $63,377 and median gross rent $1,100 a month.
695,364
Population
316,460
Households
2.2
Avg Household Size
35
Median Age
29%
College-Educated
86%
High-School Grad
391.1 sq mi
ZIP Area
1,778
Density / Sq Mi
$63,377
Median Household Income
$39,207
Median Earnings
$1,100
Median Rent
$182,823
Median Home Value
Tools
Lease vs Buy Breakeven
At $14.95/SF/Yr lease vs $119/SF buy → buying wins if held > 0.9 years.
At a 12.6% gross asking yield the payback reads short relative to leasing. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Smith Village | — | — |
| Warr Acres | — | — |
| Forest Park | — | — |
| Del City | — | — |
Commercial property in Oklahoma City, OK asks $119/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Oklahoma City?
Commercial property in Oklahoma City, OK asks an average of $119 per square foot. The 7 most recent recorded sales traded at a median of $160/SF. Multifamily carries the highest asking price at $154/SF.
How much does it cost to lease commercial space in Oklahoma City?
Asking lease rates in Oklahoma City, OK average $14.95 per square foot per year.
What is the office vacancy rate in Oklahoma City?
Office vacancy in Oklahoma City, OK is 29.6% as of 2025, up from 10.8% in 2023. That is the highest in the 3-year series. Retail vacancy is 8%, below Office vacancy.
Which property type has the lowest vacancy in Oklahoma City?
Retail has the lowest vacancy in Oklahoma City, OK at 8%, inside a 7.4–9.1% band since 2019. For comparison: office 29.6%, industrial 7.9% (South) and multifamily 11.3% (South).
Is it cheaper to lease or buy commercial space in Oklahoma City?
Buying beats leasing in Oklahoma City, OK if the property is held longer than 0.9 years, comparing $14.95/SF/Yr asking rent with $119/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
Where does Realmo's Oklahoma City market data come from?
Realmo compiles Oklahoma City, OK figures from 7 recent recorded sales, 1,274 active sale listings, 613 active lease listings, 17,259 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 1,274 active for-sale and 613 active for-lease listings in Oklahoma 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
- industrial vacancy is reported at South region level and multifamily 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
