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Oklahoma City Market Conditions for Mid Year 2008 Retail Market Total retail inventory: 26,243,916 square feet Total vacant space: 3,136,148 square feet Overall retail vacancy: 11.95 percent Average Regional Mall Rental Rates: $27.98 psf Average Power Center Rental Rates: $20.28 psf Average Community Center Rental Rate: $9.98 psf Average Neighborhood Center Rental Rates: $9.60 psf Regional Center Vacancy: 11.16 percent Power Center Vacancy: 4.90 percent Community Center Vacancy: 16.20 percent Neighborhood Center Vacancy: 12.80 percent Office Market Total office inventory: 16,392,235 square feet Total vacant space: 2,704,718 square feet Overall office vacancy: 16.50 percent Average Class A Rental Rate: $20.10 per square foot Average Class B Rental Rate: $14.40 per square foot Average Class C Rental Rate: $11.10 per square foot Central Business District vacancy: 24.70 percent Suburban vacancy: 9.85 percent Class A vacancy: 10.29 percent Class B vacancy: 10.98 percent Class C vacancy: 28.79 percent Industrial Market Total multi-tenant industrial inventory: 12,791,919 square feet Total vacant space: 1,189,648 square feet Total multi-tenant industrial vacancy: 9.3% Average storage warehouse rental rate: $4.20 Average distribution rental rate: $3.60 Average flex rental rate: $5.85 Storage warehouse vacancy: 6.90% Distribution vacancy: 22.10% Flex space vacancy: 9.89% Apartment Market Overall apartment occupancy: 92% Average monthly rental rates, Efficiency Units: $360 Average monthly rental rates, One-bedroom: $420 Average monthly rental rates, Two-bedroom: $560 Average monthly rental rates, Three-bedroom: $690 Average price per unit, post 1990s vintage: No properties have sold in 2008 Average price per unit, 1980s vintage: $41,037 Average price per unit, pre 1980s vintage: $30,472
Market date is provided by Darren Currin at
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