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.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2023 Average Office Rent per Square Foot
- 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
Office Spaces for Rent in Oklahoma
Coworking Spaces in Oklahoma
- Houston Coworking Space
- Chicago Coworking Space
- Dallas Coworking Space
- Denver Coworking Space
- Austin Coworking Space
- San Antonio Coworking Space
- Nashville Coworking Space
- Phoenix Coworking Space
- Salt Lake City Coworking Space
- Plano Coworking Space
- Scottsdale Coworking Space
- Fort Worth Coworking Space
- Kansas City Coworking Space
- Memphis Coworking Space
- Colorado Springs Coworking Space
- Louisville Coworking Space
- St. Louis Coworking Space
- New Orleans Coworking Space
- Boulder Coworking Space
- Tulsa Coworking Space
- 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 |
| NW Norman Medical Center | 3441 24th Ave NW, 73069 | 13,663 | 2019 |
| 3501 24th Avenue NW | 3501 24th Avenue NW, 73069 | 25,422 | 2016 |
| 370 Ed Noble Parkway | 370 Ed Noble Parkway, 73072 | 10,500 | 2008 |
| 370 Ed Noble Parkway | 370 Ed Noble Parkway, 73072 | 10,500 | 2008 |
| 2815-17 SE 44th St | 2815-17 SE 44th St, 73072 | 5,176 | 2008 |
| 1012 - Quorum Office Building | 1012 24th Ave NW, 73069 | 11,711 | 2007 |
| 1018 - Quorum Office Park | 1018 24th Ave NW, 73069 | 7,548 | 2007 |
| 1018 - Quorum Office Park | 1018 24th Ave NW, 73069 | 7,548 | 2007 |
| 1010 24th Ave NW | 1010 24th Ave NW, 73069 | 7,018 | 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.
See reports for other markets
- Oklahoma City Office Rent Price
- Tulsa Office Rent Price
- Manhattan Office Rent Price
- Washington Office Rent Price
- San Antonio Office Rent Price
- San Francisco Office Rent Price
- Atlanta Office Rent Price
- Houston Office Rent Price
- Austin Office Rent Price
- Dallas Office Rent Price
- Denver Office Rent Price
- Phoenix Office Rent Price
- Miami Office Rent Price
- Charlotte Office Rent Price
- Chicago Office Rent Price
- Seattle 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.