Download the 2022 Year-end Office Market Report (email required)
Year-end 2022 data shows there was over 300,000 square feet of negative absorption, causing an increase in the overall total market vacancy rate from 23.4% to 25.2%. The majority of this increase in vacancy was in the Central Business District submarket, and while at first glance this could seem discouraging, a majority of this negative absorption was due to a reclassification of space. Covid-19 has still played a part in tenant consolidation, and there is good reason to believe this trend will continue for another two to three years. Despite the turbulence of recent years, Price Edwards and Company remains optimistic about Oklahoma City’s office market in the future.
Price Edwards and Company invited Office Advisors - Craig Tucker, Derek James, Tom Fields, Tre Dupuy, and Ian Self - to a roundtable discussion led by Managing Partner Ford Price. Together they explored the future of Oklahoma City’s office market.
