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Oklahoma
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VACANCY
Apartment
The average Vacancy Rate was 5.4% in the Oklahoma City metro
Distribution / Warehousing
The average Vacancy Rate was 5.5% in the Oklahoma City metro
Office
The average Vacancy Rate was 19.1% in the Oklahoma City metro
Retail
The average Vacancy Rate was 13.9% in the Oklahoma City metro
- Vacancy in the Oklahoma City metro drifted upward by 10 basis points.
- The Oklahoma City metro had the highest vacancy level since year-end 2020.
RENT
Apartment
The average Asking Rent was $799 in the Oklahoma City metro
Distribution / Warehousing
The average Asking Rent was $5.38 in the Oklahoma City metro
- Rent in the Oklahoma City metro was up 0.7% from Q3 2023.
- Rent has risen in every quarter since year-end 2018 in the Oklahoma City metro.
Office
The average Asking Rent was $17.39 in the Oklahoma City metro
Retail
The average Asking Rent was $12.50 in the Oklahoma City metro
- Rent in the Oklahoma City metro was up 0.7% from Q3 2023.
- Rent Has risen for six consecutive quarters in the Oklahoma City metro.
VACANCY
Apartment
The average Vacancy Rate was 4.1% in the Tulsa metro
- Vacancy in the Tulsa metro drifted downward by 20 basis points.
- The Tulsa metro had the lowest vacancy level since Q1 1995.
Distribution / Warehousing
The average Vacancy Rate was 7.3% in the Tulsa metro
Office
The average Vacancy Rate was 26.4% in the Tulsa metro
- Vacancy in the Tulsa metro drifted upward by 20 basis points.
- The Tulsa metro had the highest vacancy level since Q3 1999.
Retail
The average Vacancy Rate was 15.0% in the Tulsa metro
RENT
Apartment
The average Asking Rent was $844 in the Tulsa metro
- Rent in the Tulsa metro was up 1.5% from Q3 2023.
- Tulsa metro had its fastest rent rate of increase in seven quarters.
Distribution / Warehousing
The average Asking Rent was $4.83 in the Tulsa metro
- Rent in the Tulsa metro was up 0.6% from Q3 2023.
- Rent has risen in every quarter for the past three years in the Tulsa metro.