Industrial Market Specialists Forecast Continued Growth for OKC

Written by Danny Rivera, Industrial Specialist
June 23rd, 2016

The Oklahoma City Industrial Real Estate Market is the backbone of the ever growing Oklahoma City economy. OKC’s strong ties to Oil and Gas Exploration and logistical advantages of I-40 and I-35 help fuel Oil Field Services, Manufacturing, Transportation and Distribution. 

There is speculation, that the second quarter of 2016 will show another vacancy drop from 7% (1st Quarter) to 6.5% (2nd Quarter).  This decrease will keep rates high and availability low, which creates a very competitive market.  We are even seeing an influx of companies moving to the Metro to gain market share from competitors, but with reduced inventory it continues to produce a challenge.

Fortunately, the Oklahoma City Industrial Market continues to be skeptically optimistic, unless we see a saturation of properties being returned to the market in a short period of time.