2024 Office Space Rent & Sales
- $17.63 2024 Avg. Asking Rent
- -1.85% Y-o-Y Avg. Asking Rent Change
- 25.89% 2024 Office Vacancy Rate
Norman office price per square foot in 2024 was $17.63 on average. This marked a -1.85% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 25.89% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2024 Average Office Rent per Square Foot
- Oklahoma Class A & A+ Office Space$20.94
- Oklahoma Class B Office Space$16.50
- Oklahoma Class C Office Space$12.62
Norman, OK Office Asking Rents by Class
Office Spaces for Rent in Oklahoma
Coworking Spaces in Oklahoma
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2024 Office Construction in Norman, OK
| Office building | Address | SF | Completed |
|---|---|---|---|
| Legacy Office Park | 3219 - 3441 W. Rock Creek Rd, 73072 | 9,200 | 2020 |
| Medical/Professional Office | 4019 N Flood Ave, 73069 | 3,128 | 2020 |
| NW Norman Medical Center | 3441 24th Ave NW, 73069 | 13,663 | 2019 |
| 3501 24th Avenue NW | 3501 24th Avenue NW, 73069 | 25,422 | 2016 |
| Five Partners Place | 201 Stephenson Pkwy, 73072 | 100,000 | 2014 |
| 370 Ed Noble Parkway | 370 Ed Noble Parkway, 73072 | 10,500 | 2008 |
| 370 Ed Noble Parkway | 370 Ed Noble Parkway, 73072 | 10,500 | 2008 |
| 2813 SE 44th St | 2813 SE 44th St, 73072 | 5,176 | 2008 |
| One Partners Place | 350 David L. Boren Blvd, 73072 | 52,000 | 2007 |
| 1012 - Quorum Office Building | 1012 24th Ave NW, 73069 | 11,711 | 2007 |
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.
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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 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. 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.