Employment growth in the industrial sector increased during Q2 2019 after a slow start at the beginning of the year. According to the Oklahoma Employment Security Commission, the Transportation & Warehousing sector has grown by 10.3% over the previous twelve months.
The overall market vacancy rate fell to 3.4% during Q2 2019 as demand for industrial space has persisted throughout the current business cycle.
Investment sales reached their highest point since Q1 2018, with quarterly sales amounting to $24.7 million for Q2 2019.
Investors and industrial firms across the country continue to increase their presence in the Tulsa industrial market. Alabama-based beverage producer Milo’s Tea and New York industrial Firm Reich Brothers each announced plans to expand their presence in Tulsa in 2020.