• The first half of 2021 brought a massive rebound in office leasing and sales, not to mention 141,838 SF of absorption – the highest the city’s office sector has seen in recent years.
  • Asking rates fell slightly as a lingering effect of the pandemic; however, vacancy decreased, and absorption increased.
  • The Greater Oklahoma City Chamber’s annual Economic Forecast predicts personal income and GDP in the metro will return to its prepandemic growth levels by 2022.
  • Building material costs have risen 25-45% and transactions, tenant improvement and new construction timelines have faced significant delays.
  • As the economy stabilizes and tenants become more comfortable, we can expect to see an increase in office leasing velocity and long-term leases.