2711 S Bryant Ave, Edmond, OK 73013

3 AC Edmond, Land (“Great site for medical, pro office”)

Summary

This tract of land being located in one of the primer office district of Edmond Oklahoma benefits from the following:

• Edmonds strong population and constant growth with rising incomes, educated workforce and very attractive living conditions.
• That demographic growth creates demand for both professional office space (firms, service providers, local employers) and retail/amenity space (shops, restaurants, services).
• The supply side appears favorable: active development but likely still gaps in higher-quality or new space in targeted locations.
• Strategic growth areas (e.g., around UCO, downtown/University District) present opportunity zones for commercial investment or leasing.
• Therefore, if you’re considering commercial property (office/retail) in Edmond (or advocating for more such space), the data supports your argument.

Key Demographics & Growth Information for Edmond, OK

Population Growth

• The population is estimated to be around 99,040 as of July 2024 (up from ~94,428 in 2020) ~4.9% growth 2020-24.
• More broadly, recent reports show the city at ~97,452 in 2024.
• Uniform growth continues e.g., 1.18% growth from 2022 to 2023.
• Population growth tends to support demand for commercial space (retail, services, office) because more residents → more services needed.

Income / Employment / Workforce

• In 2023 median household income in Edmond was ~$102,032.
• According to a “Fast Facts 2024” overview: average household income ~$130,708, per capita ~$50,650.
• Unemployment is low (2.9% in the 2024 Fast Facts).
• The workforce is educated: for example, per Chamber of Commerce profile more than half of residents 25+ hold at least a bachelor’s degree.
• Major employment sectors: health care & social assistance; educational services; retail trade.
• Commute patterns: average commute ~23.6 minutes.

Housing / Real Estate Trends

• Median property value ~$324,900 (2023 estimate).
• Annual home-value increases: one article cited ~18.3% 1-year home value growth, ~37.6% over five years.
• Housing supply is relatively tight (strong seller’s market).
• As people move into Edmond (or move up in housing), they bring spending power and demand for amenities.

Quality of Life / Other Factors

• Edmond is within the Oklahoma City metro (13 miles north of downtown OKC) which gives it both proximity to metro jobs and suburban appeal.
• Cost of living is below national average (~90.6% of national average according to Fast Facts) which can be attractive to businesses and residents.
• The local chamber notes safety, schools, and civic engagement as important draws.

Why There’s a Need / Opportunity for More Professional Office & Retail Space

Given the demographics and growth above, here are reasons why the commercial real-estate demand logic is strong for Edmond:

A. Demand Side – Users & Spend

• With increasing population and rising incomes, households will seek more services: professional services (law, accounting, medical, consulting), retail (restaurants, specialty shops), and convenience (everyday retail, personal care).
• The educated workforce and professional resident base mean higher likelihood of needing office space (for firms employing professionals) and supporting retail (higher potential spend).
• The low level of unemployment and healthy workforce suggest local businesses are thriving or expanding, which drives need for office space.Retail demand: An area plan (the “University District Plan”) for Edmond indicates a demand for ~95,000 sq ft of new retail by 2032.
• From a leasing snapshot: Retail space in Edmond is listed at ~$23 per sq ft for average size of ~2,805 sq ft in listings. This signals active retail market.

B. Supply Side – Limited Competitive Space

• Because of the rapid growth in housing, population, and income, commercial supply may not have kept pace fully; thus, spaces that are well-located (good visibility, growth corridors) could command premium rates or benefit from value creation (redevelopment, repositioning).
• Commercial development in Edmond is cited at ~$155.5 million value in new construction for 2024.
• When supply is constrained and demand upticks, older or under-utilized properties become opportunities for redevelopment into professional offices or mixed-use retail/office.

C. Location & Market Dynamics

• Being part of the Oklahoma City metro gives access to a larger labor pool, regional infrastructure and draws that feed Edmond’s market.
• The University District Plan suggests strategic mixed-use growth focused around the campus of University of Central Oklahoma (UCO), Main Street, University Drive. That signals future demand for boutique office (could serve university employees, tech spin-outs, professional services) and retail (catering to students, faculty, nearby residents).
• The onsite listing market suggests there is active leasing interest in retail and office size ranges that are moderate (e.g., 144 sq ft to 17,520 sq ft) in Edmond.

D. Strategic Timing

• Growth is ongoing and relatively stable (not speculative boom/bust). Stable growth of ~1%+ yearly suggests less risk.
• With home values rising and more affluent households moving in, there’s a rising baseline of local demand rather than just pass-through traffic.
• Professional office uses often follow residential and retail development — as neighborhoods mature, they need nearby office amenities.

Summary

• Edmond has strong fundamentals: population growth, rising incomes, educated workforce, attractive living conditions.
• That demographic growth creates demand for both professional office space (firms, service providers, local employers) and retail/amenity space (shops, restaurants, services).
• The supply side appears favorable: active development but likely still gaps in higher-quality or new space in targeted locations.
• Strategic growth areas (e.g., around UCO, downtown/University District) present opportunity zones for commercial investment or leasing.
• Therefore, if you’re considering commercial property (office/retail) in Edmond (or advocating for more such space), the data supports your argument.