Market outlook
Norman commercial, by property type.
How each commercial segment is trading — retail, office, industrial, multifamily, and land — with median price, median $/sq ft, and recent sales from Cleveland County records.
Retail & Dining
Storefronts, restaurants, and shopping centers.
$1.10M
Median price
$197/sf
Median $/sq ft
69
Sales (3 yr)
39
Last 12 mo
- Recent sales
- $1,500,000 · $476/sf
- $1,250,000 · $198/sf
- $1,000,000 · $159/sf
Land
Commercial and development land.
$300K
Median price
—
Median $/sq ft
51
Sales (3 yr)
25
Last 12 mo
- Recent sales
- $298,000
- $850,000
- $165,000
Industrial & Auto
Warehouse, flex, auto, and light-industrial.
$800K
Median price
$121/sf
Median $/sq ft
45
Sales (3 yr)
27
Last 12 mo
- Recent sales
- $2,255,000 · $656/sf
- $200,000 · $208/sf
- $841,500 · $92/sf
Office
Office buildings, suites, and professional space.
$804K
Median price
$195/sf
Median $/sq ft
44
Sales (3 yr)
23
Last 12 mo
- Recent sales
- $753,000 · $142/sf
- $1,100,000 · $190/sf
- $185,000 · $183/sf
Multifamily
Apartment and multi-unit residential income property.
$875K
Median price
$245/sf
Median $/sq ft
40
Sales (3 yr)
27
Last 12 mo
- Recent sales
- $645,000 · $148/sf
- $755,000 · $257/sf
- $5,600,000 · $2,288/sf
Hospitality
Hotels, motels, and hospitality.
$4.64M
Median price
$127/sf
Median $/sq ft
4
Sales (3 yr)
3
Last 12 mo
- Recent sales
- $850,000 · $154/sf
- $2,990,000 · $87/sf
- $7,562,000 · $175/sf
Medical
Clinics, dental, and medical-office space.
$960K
Median price
—
Median $/sq ft
4
Sales (3 yr)
1
Last 12 mo
- Recent sales
- $450,000 · $183/sf
- $1,515,500
- $348,000
Civic & Schools
Government, schools, and civic facilities.
$1.00M
Median price
—
Median $/sq ft
3
Sales (3 yr)
1
Last 12 mo
- Recent sales
- $850,000 · $98/sf
- $1,000,000
- $8,000,000 · $131/sf
Church
Churches and religious facilities.
$705K
Median price
—
Median $/sq ft
2
Sales (3 yr)
1
Last 12 mo
- Recent sales
- $305,000 · $40/sf
- $1,105,000 · $81/sf
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