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Oklahoma
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VACANCY
Apartment
The average Vacancy Rate was 5.1% in the Oklahoma City metro
Distribution / Warehousing
The average Vacancy Rate was 2.3% in the Oklahoma City metro
- Vacancy in the Oklahoma City metro has been in decline for eight consecutive quarters.
- The Oklahoma City metro had the lowest vacancy level since Q1 2017.
Office
The average Vacancy Rate was 19.2% in the Oklahoma City metro
Retail
The average Vacancy Rate was 13.4% in the Oklahoma City metro
RENT
Apartment
The average Asking Rent was $824 in the Oklahoma City metro
Distribution / Warehousing
The average Asking Rent was $5.14 in the Oklahoma City metro
- Rent in the Oklahoma City metro was up 2.2% from Q3 2022.
- Oklahoma City metro had its fastest rent rate of increase since Q1 2017.
- Rent has risen in every quarter since year-end 2018 in the Oklahoma City metro.
Office
The average Asking Rent was $17.35 in the Oklahoma City metro
Retail
The average Asking Rent was $12.21 in the Oklahoma City metro
- Rent in the Oklahoma City metro was up 0.6% from Q3 2022.
- Oklahoma City metro had its fastest rent rate of increase since Q1 2019.
VACANCY
Apartment
The average Vacancy Rate was 4.9% in the Tulsa metro
Distribution / Warehousing
The average Vacancy Rate was 6.8% in the Tulsa metro
Office
The average Vacancy Rate was 24.5% in the Tulsa metro
- Vacancy in the Tulsa metro rose by 400 basis points.
- The Tulsa metro had the highest vacancy level since Q3 1999.
Retail
The average Vacancy Rate was 14.3% in the Tulsa metro
- No vacancy change since Q3 2022 in the Tulsa metro.
- The Tulsa metro had the lowest vacancy level since Q1 2017.
RENT
Apartment
The average Asking Rent was $842 in the Tulsa metro
Distribution / Warehousing
The average Asking Rent was $4.65 in the Tulsa metro
- Rent in the Tulsa metro was up 0.9% from Q3 2022.
- Rent Has risen for eight consecutive quarters in the Tulsa metro.