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Oklahoma

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Market Overview

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EXPLORE 2 Oklahoma MARKETSToggle markets

Oklahoma City
Tulsa

Oklahoma City

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VACANCY

Apartment

Average Vacancy Rate 5.8%

Drifted downward by 20 basis points.
Among the 20 highest vacancies nationally.
Expected to finish 2020 at 7.0%.

Distribution / Warehousing

Average Vacancy Rate 8.9%

Has been in decline for six consecutive quarters.
Expected to finish 2019 at 8.7%.

Office

Average Vacancy Rate 20.4%

Increased by 100 basis points.
Among the 20 highest vacancies nationally.
Expected to finish 2020 at 22.6%.

Retail

Average Vacancy Rate 14.0%

Drifted upward by 40 basis points.
Among the 10 highest vacancies nationally.
Expected to finish 2020 at 17.9%.

RENT

Apartment

Average Asking Rent $722

Up 0.2% from Q1 2020.
Has risen in every quarter since Q1 2017.
Expected to finish 2020 at $703.

Distribution / Warehousing

Average Asking Rent $4.41

Lowest rent growth in the nation.
Expected to finish 2019 at $4.46.

Office

Average Asking Rent $17.13

Down 0.4% from Q1 2020.
Expected to finish 2020 at $17.01.

Retail

Average Asking Rent $12.03

Down 0.6% from Q1 2020.
Expected to finish 2020 at $11.44.

Learn more about the Oklahoma markets from one of our professionals

Learn more about the Oklahoma markets from one of our professionals.

Tulsa

Learn more about the Oklahoma markets from one of our professionals

VACANCY

Apartment

Average Vacancy Rate 5.1%

Drifted upward by 10 basis points.
Expected to finish 2020 at 6.1%.

Distribution / Warehousing

Average Vacancy Rate 8.7%

Has been in decline for six consecutive quarters.
Expected to finish 2019 at 8.4%.

Office

Average Vacancy Rate 19.7%

Rose by 50 basis points.
Highest level since Q3 1999.
Expected to finish 2020 at 21.6%.

Retail

Average Vacancy Rate 15.3%

No change since Q1 2020.
Among the 10 highest vacancies nationally.
Expected to finish 2020 at 18.1%.

RENT

Apartment

Average Asking Rent $729

Up 0.4% from Q1 2020.
Has risen in every quarter since Q3 2016.
Expected to finish 2020 at $704.

Distribution / Warehousing

Average Asking Rent $4.22

Up 0.7% from year-end 2018.
Fastest rate of increase in five quarters.
Expected to finish 2019 at $4.26.

Office

Average Asking Rent $16.34

Down 0.5% from Q1 2020.
Expected to finish 2020 at $16.04.

Retail

Average Asking Rent $12.20

Tenth fastest rent growth in the nation, and the second in the Southwest region, behind only Little Rock.
Expected to finish 2020 at $11.62.

Learn more about the Oklahoma markets from one of our professionals

Learn more about the Oklahoma markets from one of our professionals.