Insights
Oklahoma
BACK TO INSIGHTSMarket Overview
BACK TO INSIGHTSEXPLORE 2 Oklahoma MARKETSToggle markets
VACANCY
Apartment
The average Vacancy Rate was 4.9% in the Oklahoma City metro
- The Oklahoma City metro had the ninth lowest vacancy in the nation and the seventh lowest in the Southwest.
- Vacancy in the Oklahoma City metro drifted downward by 20 basis points.
- The Oklahoma City metro had the lowest vacancy level since Q3 1995.
Distribution / Warehousing
The average Vacancy Rate was 6.5% in the Oklahoma City metro
- Vacancy in the Oklahoma City metro fell by 120 basis points.
- The Oklahoma City metro had the lowest vacancy level since Q1 2017.
- Vacancy is expected to finish 2022 at 6.2% in the Oklahoma City metro.
Office
The average Vacancy Rate was 19.9% in the Oklahoma City metro
- Vacancy in the Oklahoma City metro fell by 170 basis points.
- The Oklahoma City metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2022 at 20.6% in the Oklahoma City metro.
Retail
The average Vacancy Rate was 13.4% in the Oklahoma City metro
- Vacancy in the Oklahoma City metro drifted upward by 10 basis points.
- The Oklahoma City metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2022 at 13.5% in the Oklahoma City metro.
RENT
Apartment
The average Asking Rent was $800 in the Oklahoma City metro
- Rent in the Oklahoma City metro was up 1.9% from year-end 2021.
- Rent is expected to finish 2022 at $818 in the Oklahoma City metro.
Distribution / Warehousing
The average Asking Rent was $4.84 in the Oklahoma City metro
- Rent in the Oklahoma City metro was up 0.8% from year-end 2021.
- Rent has risen in every quarter since year-end 2018 in the Oklahoma City metro.
- Rent is expected to finish 2022 at $4.97 in the Oklahoma City metro.
Office
The average Asking Rent was $17.26 in the Oklahoma City metro
- Rent in the Oklahoma City metro was down 0.1% from year-end 2021.
- Rent is expected to finish 2022 at $17.29 in the Oklahoma City metro.
Retail
The average Asking Rent was $12.13 in the Oklahoma City metro
- Rent in the Oklahoma City metro was up 0.2% from year-end 2021.
- Rent is expected to finish 2022 at $12.19 in the Oklahoma City metro.
VACANCY
Apartment
The average Vacancy Rate was 5.0% in the Tulsa metro
- Vacancy in the Tulsa metro fell by 50 basis points.
- The Tulsa metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2022 at 5.1% in the Tulsa metro.
Distribution / Warehousing
The average Vacancy Rate was 8.6% in the Tulsa metro
- Vacancy in the Tulsa metro fell by 90 basis points.
- Vacancy is expected to finish 2022 at 7.9% in the Tulsa metro.
Office
The average Vacancy Rate was 19.8% in the Tulsa metro
- No vacancy change since year-end 2021 in the Tulsa metro.
- The Tulsa metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2022 at 19.5% in the Tulsa metro.
Retail
The average Vacancy Rate was 15.3% in the Tulsa metro
- Vacancy in the Tulsa metro drifted upward by 10 basis points.
- The Tulsa metro had the highest vacancy level since Q3 2019.
- Vacancy is expected to finish 2022 at 14.8% in the Tulsa metro.
RENT
Apartment
The average Asking Rent was $851 in the Tulsa metro
- Rent in the Tulsa metro was up 4.3% from year-end 2021.
- Rent Has risen for six consecutive quarters in the Tulsa metro.
- Rent is expected to finish 2022 at $869 in the Tulsa metro.
Distribution / Warehousing
The average Asking Rent was $4.49 in the Tulsa metro
- Rent in the Tulsa metro was up 1.6% from year-end 2021.
- Tulsa metro had its fastest rent rate of increase since Q1 2017.
- Rent is expected to finish 2022 at $4.62 in the Tulsa metro.
Office
The average Asking Rent was $16.49 in the Tulsa metro
- Rent in the Tulsa metro was down 0.5% from year-end 2021.
- Rent is expected to finish 2022 at $16.58 in the Tulsa metro.
Retail
The average Asking Rent was $11.96 in the Tulsa metro
- Rent in the Tulsa metro was up 0.2% from year-end 2021.
- Rent is expected to finish 2022 at $12.05 in the Tulsa metro.