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.