Commercial Real Estate Market in Stillwater, OK
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
113 active listings and 1,422 off-market properties in Stillwater, OK. Commercial property asks $265/SF to buy and $13.50/SF/Yr to lease.
Market Trends
Stillwater, OK spans 222.6 square miles in Payne County, Oklahoma. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Stillwater, 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 Stillwater, OK runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Stillwater, 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 Stillwater, 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
- Industrial 51.1%
- Civic 11.6%
- Commercial 9.5%
- Agricultural 9.2%
Largest Zones share of zoned land by district
Small Lot Single Family Residential
Public
University
Large Lot Single Family Residential
Agriculture
University (U)
State University or any public higher education institution. Any property zoned U district is exempt from the requirements of this chapter. (Ord. No. 3023, § 1(23.172), 3-3-2008) Secs. 23-173-23-179. - Reserved. DIVISION 7. - SPECIFIC USE PERMITS
Market overview
Demographics & Economy
Stillwater, OK has 59,095 residents in 26,610 households. Density runs 265 people per square mile. Median household income here is $48,192 and median gross rent $951 a month.
59,095
Population
26,610
Households
2.2
Avg Household Size
28
Median Age
51%
College-Educated
95%
High-School Grad
222.6 sq mi
ZIP Area
265
Density / Sq Mi
$48,192
Median Household Income
$24,718
Median Earnings
$951
Median Rent
$235,778
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Perkins | — | — |
| Glencoe | — | — |
| Ripley | — | — |
| Morrison | — | — |
Commercial property in Stillwater, OK asks $265/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Stillwater?
Commercial property in Stillwater, OK asks an average of $265 per square foot. The 6 most recent recorded sales traded at a median of $158/SF, so asking sits 68% above the achieved median.
How much does it cost to lease commercial space in Stillwater?
Asking lease rates in Stillwater, OK average $13.50 per square foot per year.
Where does Realmo's Stillwater market data come from?
Realmo compiles Stillwater, OK figures from 7 recent recorded sales, 106 active sale listings, 7 active lease listings, 1,422 tracked off-market properties, the current Stillwater zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 106 active for-sale and 7 active for-lease listings in Stillwater, 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: 18,644 zoned acres across 19 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
