Industrial employment in the Oklahoma City market continues to be driven by the oil & gas industry. Despite the mid-quarter drop in WTI crude prices, employment in the mining and logging sector recorded an annual growth rate of nearly 10%.
Q4 2018 absorption for the Oklahoma City industrial market remains positive but has balanced out following the delivery of over 1 million leasable sq. ft. during Q3.
The Oklahoma City industrial market registered 82 transactions and over 846,103 sq. ft. of gross absorption during Q4 2018.
Construction activity remains focused in the Southeast and Southwest submarkets, both of which expect to see deliveries rise throughout 2019.