Vacancy rates have slowly come down throughout the year fueled by continued growth of restaurants, niche fitness users and entertainment concepts. Urban Air which is an indoor trampoline park, has been the market leader in early expansion. They are going into former Gordmans and grocery stores. Other tenants looking to expand include Altitude Trampoline, Launch and Sky Zone.
Niche fitness users have continued to grow to separate themselves from the larger full-service operators. A few of these users include Orange Theory Fitness, CycleBar, Red Effect Infrared Fitness, Club Pilates and Pure Barre. As healthy living becomes more and more marketed and suggested lifestyle, these niche gyms are finding an excellent opportunity for growth among the greater metro OKC and Tulsa marketplaces.
The Sam Fox restaurant group is making its first run at Oklahoma with the debut of one of its concepts being featured at the SE corner of NW 63rd and Grand Boulevard adjacent to a new Torchy’s Tacos. This is the initial expansion of the Triangle property owned by Washington Prime. These areas of growth in the market point to what most experts think will be a hectic and well-shopped holiday season. Many economic experts predict increases in holiday sales over last years totals, especially in brick and mortar retail.