THE RETAIL MARKET
The retail market, both nationally and locally, appears to be nearing an inflection point that will see the market move from surprising growth to more moderate growth and activity. Since the start of the recovery, retail has gained back all it lost in sales and then some. Occupancy has increased and there has been a significant influx of new tenants. Per CoStar, national retail vacancy sits at 4.2 percent near its all-time low.
Oklahoma has seen the benefit of these trends, with the construction of the high-end mixed-use Oak at Penn and Northwest Expressway, Stacks in Yukon, Andretti’s coming to the Half, and the recent Dick’s House of Sports announcement... Read More