Figures
Oklahoma City Office MarketView H1 2022
October 6, 2022
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- Vacancy compressed by fifty basis points, falling to 19.5% in the first half of 2022.
- Net absorption also made a steady recovery over the previous half, increasing over 15,000 sq. ft.
- Construction starts saw a significant increase due in large part to the 100,000-sq.-ft. of office space coming to the CBD’s Innovation District mid-2023.
- Asking rates made slight gains across all but one submarket, with the North submarket decreasing only slightly.
- Steady improvements across the market could signal that Oklahoma City’s office market is finally reaching its post-pandemic equilibrium.