February 19th, 2019
Office
2018 was a year of mixed results for the Oklahoma City office market. While vacancies increased, so did absorption of space. That is a rare occurrence, but the amount of space added outpaced the rate it could be absorbed. Although the market absorbed almost 395,000 square feet of space, over 800,000 square feet was added to the market. For now at least, the market isn’t moving forward or backward, instead, it seems to be stuck in neutral. The market is actually quite active, with several large leases being signed in 2018 and several more to come in 2019.
