Insights
Oklahoma
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VACANCY
Apartment
The average Vacancy Rate was 5.6% in the Oklahoma City metro
- Vacancy in the Oklahoma City metro drifted downward by 10 basis points.
- The Oklahoma City metro had the lowest vacancy level since year-end 2022.
- Vacancy is expected to finish 2025 at 5.6% in the Oklahoma City metro.
Distribution / Warehousing
The average Vacancy Rate was 6.4% 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 Q1 2022.
- Vacancy is expected to finish 2025 at 6.1% in the Oklahoma City metro.
Office
The average Vacancy Rate was 19.4% in the Oklahoma City metro
- Vacancy in the Oklahoma City metro drifted downward by 10 basis points.
- Vacancy is expected to finish 2025 at 21.2% in the Oklahoma City metro.
Retail
The average Vacancy Rate was 14.1% in the Oklahoma City metro
- Vacancy in the Oklahoma City metro drifted upward by 10 basis points.
- The Oklahoma City metro was among the 10 highest vacancies nationally.
- Vacancy is expected to finish 2025 at 13.8% in the Oklahoma City metro.
RENT
Apartment
The average Asking Rent was $825 in the Oklahoma City metro
- Rent in the Oklahoma City metro was up 1.5% from Q3 2024.
- Oklahoma City metro had its fastest rent rate of increase in ten quarters.
- Rent is expected to finish 2025 at $845 in the Oklahoma City metro.
Distribution / Warehousing
The average Asking Rent was $5.47 in the Oklahoma City metro
- Rent in the Oklahoma City metro was up 0.4% from Q3 2024.
- Rent has risen in every quarter since year-end 2018 in the Oklahoma City metro.
- Rent is expected to finish 2025 at $5.65 in the Oklahoma City metro.
Office
The average Asking Rent was $17.85 in the Oklahoma City metro
- Rent in the Oklahoma City metro was up 0.3% from Q3 2024.
- Rent is expected to finish 2025 at $18.08 in the Oklahoma City metro.
Retail
The average Asking Rent was $12.62 in the Oklahoma City metro
- The Oklahoma City metro had the fastest rent growth in the Southwest region, seventh most rapid in the nation.
- Oklahoma City metro had its fastest rent rate of increase in four quarters.
- Rent is expected to finish 2025 at $12.87 in the Oklahoma City metro.
VACANCY
Apartment
The average Vacancy Rate was 4.2% in the Tulsa metro
- The Tulsa metro had the lowest vacancy in the Southwest region, nineteenth lowest in the nation.
- Vacancy in the Tulsa metro drifted upward by 20 basis points.
- Vacancy is expected to finish 2025 at 4.3% in the Tulsa metro.
Distribution / Warehousing
The average Vacancy Rate was 7.0% in the Tulsa metro
- Vacancy in the Tulsa metro drifted downward by 10 basis points.
- Vacancy is expected to finish 2025 at 6.7% in the Tulsa metro.
Office
The average Vacancy Rate was 25.8% in the Tulsa metro
- Vacancy in the Tulsa metro drifted downward by 40 basis points.
- The Tulsa metro was among the 10 highest vacancies nationally.
- Vacancy is expected to finish 2025 at 25.8% in the Tulsa metro.
Retail
The average Vacancy Rate was 14.9% in the Tulsa metro
- Vacancy in the Tulsa metro drifted upward by 10 basis points.
- The Tulsa metro was among the 10 highest vacancies nationally.
- Vacancy is expected to finish 2025 at 14.4% in the Tulsa metro.
RENT
Apartment
The average Asking Rent was $838 in the Tulsa metro
- Rent in the Tulsa metro was up 1.0% from Q3 2024.
- Tulsa metro had its fastest rent rate of increase in four quarters.
- Rent is expected to finish 2025 at $851 in the Tulsa metro.
Distribution / Warehousing
The average Asking Rent was $4.90 in the Tulsa metro
- The Tulsa metro remained flat rent since Q3 2024.
- Rent is expected to finish 2025 at $5.04 in the Tulsa metro.
Office
The average Asking Rent was $17.24 in the Tulsa metro
- The Tulsa metro had the fastest rent growth in the Southwest region, third most rapid in the nation.
- Tulsa metro had its fastest rent rate of increase in seven quarters.
- Rent is expected to finish 2025 at $17.46 in the Tulsa metro.
Retail
The average Asking Rent was $12.22 in the Tulsa metro
- Rent in the Tulsa metro was up 0.2% from Q3 2024.
- Rent is expected to finish 2025 at $12.45 in the Tulsa metro.