Figures
Tulsa Office Figures H1 2024
August 13, 2024 5 Minute Read
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- This half of the year, net absorption in Tulsa increased from -31,757 sq. ft. in H2 2023 to 92,975 sq. ft. in the first half of 2024. The increase in absorption can be attributed to growth in healthcare, engineering, education and non-profit services.
- Delivered construction in Tulsa was confined to the South submarket, which delivered two Class B office buildings totaling 47,634 sq. ft.
- Tulsa has experienced another decline in vacancy from 14.3% in H2 2023 to 13.6% in H1 2024, a result of heightened occupancy.
- Office tenants remain more demanding of amenities to attract remote employees to return to the office. These amenities include on-site restaurants, outdoor green spaces, fitness centers, 24-hour security, and concierge services.