REAL ESTATE HIGHLIGHTS
According to CoStar, there is currently over 73 million SF of office space in the Oklahoma City market. As of early 2026, about 310 thousand SF of office product across 13 properties is currently under construction. Asking rates average $20.61 across all property types ($17.10 to $24.54). OKLAHOMA CITY RETAIL MARKET OVERVIEW According to RegionTrack, the seven-county Oklahoma City metropolitan area experienced a 2025 calendar year total taxable retail sales increase of 3.3% over the prior year. Year-over-year increases had been enjoyed for three consecutive years prior (2021, 2022 and 2023) before a slight decline in 2024 (-1.1%). The increases in both 2021 (+13.6%) and 2022 (+11.6%) had been the largest seen in at least 30 years. Forecasted 2026 numbers anticipate a 5.4% growth. The Oklahoma City metro accounts for 52% of the taxable retail sales for the entire state of Oklahoma, 36% of the state’s population, and 40% of the state’s GDP. This continues to make the Oklahoma City metro a driving force for retail trade in the state.
OKLAHOMA CITY INDUSTRIAL MARKET OVERVIEW
The CoStar Industrial Market Report (January 2026) reports that the Oklahoma City market has an inventory of 156 million SF of industrial space. Market asking rent declined by 0.3% over the prior year, well below the 10-year historical average (3.3%) and the lowest point in over a decade. The delivery of new inventory has driven up both competition for tenants and vacancy rates. The vacancy rate in January 2026 was 6.6% and is expected to remain flat in 2026. There is currently 560,000 SF of industrial construction underway in Oklahoma City. Virtually all of these are tied to smaller projects. Most of the space underway is in the Southeast Submarket. Unlike past construction waves, which tend to focus on owner-occupied mega projects for existing companies like Hobby Lobby, Amazon, or Locke Supply, the current slate of construction is balanced toward speculative builds. OKLAHOMA CITY OFFICE MARKET OVERVIEW Oklahoma City’s office market experienced flat rent growth over the past year and was below the U.S. average of 1%. The Oklahoma City vacancy rate of 10% has coincided with a record of available square footage on the market (8.7 million SF). However, it remains well below the nation (14%).
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The Oklahoma City metro accounts for 52% of the taxable retail sales for the entire state of Oklahoma, 36% of the state’s population, and 40% of the state’s GDP.
Per the Price Edwards 2025 OKC Year End Retail Market Summary, retail vacancy in the Oklahoma City market ended the year at 9.29%, increasing slightly from 8.87% prior year. Total tracked retail square footage is approximately 50 million square feet. Retail is healthy, but unevenly so, and the gap between the strongest properties and the rest of the market continues to widen.
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2026 ECONOMIC OUTLOOK
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