Oklahoma City Market Conditions for Year End 2010

Retail Market

Total retail inventory: 27,973,650 square feet
Total 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 Market

Total office inventory: 16,477,721 square feet
Total 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 Market

Total industrial inventory: 74,252,171 square feet
Total 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 Market

Overall 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/