2023 Office Space Rent & Sales
- $17.97 2023 Avg. Asking Rent
- -0.87% Y-o-Y Avg. Asking Rent Change
- 13.55% 2023 Office Vacancy Rate
Norman office price per square foot in 2023 was $17.97 on average. This marked a -0.87% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 13.55% across all asset classes combined.
Average Rent by Office Class
2023 Average Office Rent per Square Foot
- Norman Class B Office Space$17.97
- Oklahoma Class A & A+ Office Space$23.29
- Oklahoma Class B Office Space$16.12
- Oklahoma Class C Office Space$18.67
Norman, OK Office Asking Rents by Class
Coworking Spaces in Oklahoma
- Houston Coworking Space
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- Tucson Coworking Space
2023 Office Construction in Norman, OK
Office building | Address | SF | Completed |
---|---|---|---|
Legacy Office Park | 3219 - 3441 W. Rock Creek Rd, 73072 | 9,200 | 2020 |
1012 - Quorum Office Building | 1012 24th Ave NW, 73069 | 11,711 | 2007 |
1010 24th Ave NW | 1010 24th Ave NW, 73069 | 6,864 | 2007 |
1010 24th Ave NW | 1010 24th Ave NW, 73069 | 6,864 | 2007 |
3333-3349 Deskin Drive | 3333-3349 Deskin Drive, 73072 | 6,336 | 2004 |
2120 McKown Drive | 2120 McKown Drive, 73072 | 2,450 | 2001 |
2360 McKown Drive | 2360 McKown Drive, 73072 | 1,300 | 1998 |
900 N Porter Ave | 900 N Porter Ave, 73071 | 68,472 | 1985 |
900 N Porter Ave | 900 N Porter Ave, 73071 | 68,472 | 1985 |
900 N. Porter Avenue | 900 North Porter Avenue, 73071 | 68,472 | 1985 |
Worth noting among recent office completions on the Norman market is Legacy Office Park, which is currently the largest new office development in the city, at 9,200 square feet.
See reports for other markets
- Oklahoma City Office Rent Price
- Tulsa Office Rent Price
- Denver Office Rent Price
- Washington Office Rent Price
- Miami Office Rent Price
- Los Angeles Office Rent Price
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- Dallas Office Rent Price
- San Antonio Office Rent Price
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- Austin Office Rent Price
This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Norman commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.