Oklahoma City Industrial Figures H1 2023

·         Recently completed spec projects totaling over 3,000,000 sq. ft. have increased Oklahoma City’s industrial vacancy rate up to 3.7%. Oklahoma City has seen eleven new warehouse developments over 100,000 sq. ft. in the past two years. New developers to the market include Blue Road Investments, Flint Development and Scannell Properties.

·         Deliveries ticked up over H2 2022 and while construction dipped, the market still has an impressive 6,853,165 sq. ft. of industrial space under construction.

·         The presence of a major distribution hub, a diverse economy with strong sectors like aerospace and manufacturing and a strategic location in the heartland of the United States are all driving demand for industrial space in Oklahoma City.

·         Recent trends have introduced a variety of new tenants to Oklahoma City’s industrial market, including countertops, flooring and home furnishing tenants as well as electric vehicle manufacturers and part suppliers.