Norman, Oklahoma, a city with a population of around 130,000, is an attractive location for businesses looking to lease office space. With its strong focus on higher education and research, thanks to the presence of the University of Oklahoma, the city offers a unique blend of amenities, infrastructure, and a highly educated workforce. The city's diverse economy, driven by the university, scientific research institutions, and private companies, makes it an ideal location for businesses to thrive. Additionally, Norman's association with severe weather research, housing the National Weather Center and the Storm Prediction Center, adds to its appeal. The city's vibrant arts and culture scene, supported by institutions like the Fred Jones Jr. Museum of Art and the Sam Noble Oklahoma Museum of Natural History, offers a range of exhibits and performances for residents and visitors alike.
Norman's office space for lease market offers a range of options, with 29 listings available. The average annual rent per square foot is $18 USD, with the smallest annual rent per square foot being $5 USD. Office spaces in Norman range in size from 108 square feet to 31,591 square feet, with an average size of 3,450 square feet. In addition to office space, Norman also offers coworking space, flex space, medical offices, and retail space for lease, each with its own unique characteristics and benefits. For example, coworking space in Norman provides a collaborative environment for startups and entrepreneurs, while flex space offers a flexible and adaptable work environment. Medical offices in Norman are well-suited for healthcare professionals, and retail space is ideal for businesses looking to establish a strong presence in the city. With its diverse range of office space options, Norman is an attractive location for businesses of all sizes and industries.
What is the average size of office space for lease in the Norman market?
The average size of office space for lease in the Norman market is 3,450 square feet, with a total of 29 available listings and an average annual rent of $18 USD per square foot.
Are there different types of office space leases available?
In Norman, Oklahoma, there are various types of office space leases available to cater to different business needs, including:
- Full-service leases, which typically include utilities, maintenance, and amenities in the rent;
- Modified gross leases, which combine elements of full-service and net leases;
- Triple net leases, where tenants are responsible for paying property taxes, insurance, and maintenance costs in addition to rent.
