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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 6.0%

Drifted downward by 10 basis points.
Expected to finish 2021 at 6.1%.

Distribution / Warehousing

Average Vacancy Rate 10.4%

Drifted downward by 30 basis points.
Expected to finish 2021 at 10.3%.

Office

Average Vacancy Rate 22.7%

Drifted upward by 10 basis points.
Among the 20 highest vacancies nationally.
Expected to finish 2021 at 23.7%.

Retail

Average Vacancy Rate 13.8%

Drifted downward by 20 basis points.
Among the 20 highest vacancies nationally.
Expected to finish 2021 at 16.5%.

RENT

Apartment

Average Asking Rent $722

Flat since year-end 2020.
Expected to finish 2021 at $735.

Distribution / Warehousing

Average Asking Rent $4.62

Up 0.4% from year-end 2020.
Has risen for nine consecutive quarters.
Expected to finish 2021 at $4.69.

Office

Average Asking Rent $17.28

Flat since year-end 2020.
Expected to finish 2021 at $17.05.

Retail

Average Asking Rent $12.06

Seventh fastest rent growth in the nation, and the second in the Southwest region, behind only Tulsa.
Expected to finish 2021 at $11.60.

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 5.8%

Drifted upward by 10 basis points.
Highest level since Q1 2018.
Expected to finish 2021 at 5.8%.

Distribution / Warehousing

Average Vacancy Rate 8.8%

Drifted upward by 10 basis points.
Highest level since Q2 2018.
Expected to finish 2021 at 8.7%.

Office

Average Vacancy Rate 20.0%

Increased by 70 basis points.
Highest level since Q3 1999.
Expected to finish 2021 at 21.1%.

Retail

Average Vacancy Rate 15.2%

Drifted downward by 10 basis points.
Among the 10 highest vacancies nationally.
Expected to finish 2021 at 17.2%.

RENT

Apartment

Average Asking Rent $730

Up 0.3% from year-end 2020.
Expected to finish 2021 at $737.

Distribution / Warehousing

Average Asking Rent $4.31

Up 0.5% from year-end 2020.
Expected to finish 2021 at $4.33.

Office

Average Asking Rent $16.50

Up 0.3% from year-end 2020.
Expected to finish 2021 at $16.21.

Retail

Average Asking Rent $11.89

Fastest rent growth in the Southwest region, sixth most rapid in the nation.
Expected to finish 2021 at $11.55.

Learn more about the Oklahoma markets from one of our professionals

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