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Oklahoma City Market Conditions for Year End 2010Retail MarketTotal retail inventory: 27,973,650 square feetTotal vacant space: 3,857,472 square feet Overall retail vacancy: 13.80 % Average Regional Mall Rental Rates: $28.98 psf Average Power Center Rental Rates: $19.90 psf Average Community Center Rental Rate: $10.26 psf Average Neighborhood Center Rental Rates: $9.98 psf Regional Center Vacancy: 31.10% Power Center Vacancy: 7.80% Community Center Vacancy: 14.30% Neighborhood Center Vacancy: 11.10% Office MarketTotal office inventory: 16,477,721 square feetTotal vacant space: 2,874,146 square feet Overall office vacancy: 17.44 % Average Class A Rental Rate: $20.33 per square foot Average Class B Rental Rate: $14.93 per square foot Average Class C Rental Rate: $12.22 per square foot Central Business District vacancy: 22% Suburban vacancy: 14% Class A average price per square foot: $115.04 Class B average price per square foot: $79.55 Class A average price per square foot: $28.61 Industrial MarketTotal industrial inventory: 74,252,171 square feetTotal vacant space: 6,609,783 square feet Total multi-tenant industrial vacancy: 8.9% Average warehouse rental rate: $3.60 Average light industrial rental rate: $3.00 Average flex rental rate: $5.30 Central Business District submarket vacancy: 3.40% Northeast submarket vacancy: 8.60% Northwest submarket vacancy: 8.60% Southeast submarket vacancy: 7.00% Southwest submarket vacancy: 11.20% Apartment MarketOverall apartment occupancy: 91%Average monthly rental rates, Efficiency Units: $385 Average monthly rental rates, One-bedroom: $458 Average monthly rental rates, Two-bedroom: $562 Average monthly rental rates, Three-bedroom: $724 Average price per unit, post 1990s vintage: $88,540 Average price per unit, 1980s vintage: $38,234 Average price per unit, pre 1980s vintage: $22,515 Market data is provided by Darren Currin, online at http://blogs.journalrecord.com/persquarefoot/ |
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