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163 Commercial Real Estate Listings in Norman, OK

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Norman, OK Commercial Real Estate

There are currently 161 commercial listings available in Norman, OK. These listings include 188 commercial spaces that encompass a total of 615,443 square feet. Available commercial spaces in Norman, OK range in size from 1 square feet to 107,400 square feet. A total of 62 off-market commercial properties located in Norman, OK are also available for research.

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Norman, OK Commercial Inventory Breakdown

In 2023 the Norman, OK commercial real estate market totaled 728,191 square feet of office spaces, 3,207,838 square feet of office spaces with retail, and 2,939,540 square feet of industrial space.

Office Spaces

Total: 728,191 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail
By square footage range:
50k to 100k SqFt 428,191 SqFt 58.8% of total office
100k to 500k SqFt 300,000 SqFt 41.2% of total office
By class:
Class A 71,414 SqFt 9.81% of total office
Class B 356,777 SqFt 48.99% of total office


Class A office space holds a 9.81% share of the overall Norman, OK office market, while Class B office assets make up approximately 48.99%.

Industrial

Total: 2,939,540 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 272,141 SqFt 9.26% of total industrial
100k to 500k SqFt 1,739,954 SqFt 59.19% of total industrial
500k to 1M SqFt 927,445 SqFt 31.55% of total industrial
By class:
Class A 1,324,083 SqFt 45.04% of total industrial
Class B 1,615,457 SqFt 54.96% of total industrial
There are 1,739,954 square feet of commercial real estate properties between 100k to 500k square feet, representing 59.19% of the Norman, OK industrial inventory.

Office Spaces with Retail

Total: 3,207,838 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 809,116 SqFt 25.22% of total office with retail
100k to 500k SqFt 2,398,722 SqFt 74.78% of total office with retail

Norman, OK Currently Available Listings & Spaces

Number of Available Listings
City Property Type Count of listings Total SF
Norman, OK Office 42 186,948
Norman, OK Retail 23 133,692
Norman, OK Industrial 13 227,221
Norman, OK Other 104 615,443
Ofice Icon

42

Office

Industrial Icon

13

Industrial

Retail Icon

23

Retail

Current local active listing encompass 1,163,304 square feet of commercial space for lease in Norman. There are 42 active office listings, which amount to 186,948 square feet and account for 23% of commercial spaces on the market. Local retail availability includes 133,692 square feet across 23 listings. Current industrial offerings on the market amount to 227,221 square feet across a total of 13.

Employment in Norman, OK

Employed Population 61,843

Employed population - Industry % Distribution

Management, business, science, and arts occupations

50%

Sales and office occupations

20%

Service occupations

16%

Production, transportation, and material moving occupations

8%

Natural resources, construction, and maintenance occupations

7%

In 2021, roughly 50% of a total of 61,843 employed in Norman worked in Management, business, science, and arts occupations, followed by 20% in Sales and office occupations and 16% in Service occupations.

Income per capita $32,706  Median household income $55,849

Household income

44%

Under $50k

27%

$50k - $100k

24%

$100k - $200k

6%

Over $200k

The median household income in Norman stands at $55,849, with per capita income at $32,706. Households earning between $50k and $100k represent 27% of the total, while those earning over $200k make up 6%. Approximately 44% of Norman households earn less than $50k per year.

Commuting in Norman, OK

Mean travel time to work 23 minutes

Means of transportation to work

78.90%

Driving alone

10.00%

Carpool

0.30%

Public transit

1.20%

Bicycle

3.80%

Walking

1.00%

Other

4.80%

Work at Home

*Universe: Workers 16 and over

Education in Norman, OK

High school grad or higher 93%

Bachelor's degree or higher 47%

Population by minimum level of education

7%

No degree

16%

High school

30%

Some College

24%

Bachelor's

23%

Post-grad

*Universe: Workers 25 and over

An estimated 93% of Norman residents aged 25 or over hold a high school degree or higher. Of those, 16% are high school graduates, 30% attended some college, 24% earned a bachelor's degree, with an additional 23% holding post-graduate degrees.

Norman, OK Demographics

As of 2021, Norman had a total population of 124,867, with a median age of 31.20 years. Roughly 69.90% of the total population was between the ages of 16 and 64 years old.