The Tulsa retail market closed out 2019 strong, posting solid fundamentals in the last quarter of the year.
Occupancy had a slight uptick, rising to 95.1% at the end of Q4 2019.
Rents also saw a slight increase, ending 2019 at $13.68 per square foot, a 7.3% increase year-over-year.
Absorption bounced back in the second half of the year, rising over 200,000 sq. ft. to end 2019 in positive territory. Some of the most active submarkets throughout 2019 included the West, South, and North Central trade areas.