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Quick Regional Data
America's Most Recession-Proof City
Oklahoma City was recently ranked as America's Most Recession-Proof City due to falling unemployment, one of the strongest housing markets in the country and strong growth in agriculture, energy and manufacturing.
(April 29, 2008)
Real Estate
INDUSTRIAL MARKET OVERVIEW
|
Region |
Industrial Inventory |
Land Cost Low |
Land Cost High |
Industrial Inventory Vacancy Rate |
Industrial Lease Rate Low |
Industrial Lease Rate High |
Construction Material Cost Index |
Construction Labor Cost Index |
Total |
|
OKC MSA |
9,628,363 |
$2.00 |
$4.50 |
12.0% |
$2.25 |
$5.00 |
97.3 |
61.5 |
82.6 |
Source: NAI Global Market Reports, 2008; Means Construction Index, 2008; Local real estate contacts, 2008.
INDUSTRIAL INVENTORY
|
Region |
Total |
Building Type: Manufacturing |
Building Type: Warehouse |
Building Type: R & D |
|
OKC MSA |
82,000,000 |
28,700,000 |
41,000,000 |
12,300,000 |
Source: SIOR, Comparative Statistics of Office and Industrial Markets, 2006; Local real estate contacts, 2006.
OFFICE MARKET OVERVIEW
|
Region |
Office Inventory Total Square Feet |
Office Inventory Vacant Square Feet |
Office Inventory Vacancy Rate |
Office Lease Rate Low |
Office Lease Rate High |
Construction Material Cost Index |
Construction Labor Cost Index |
Total |
|
OKC MSA |
15,075,457 |
2,196,494 |
14.6% |
$14.91 |
$21.35 |
97.3 |
61.5 |
82.0 |
Source: NAI Global Market Reports, 2008; Means Construction Index, 2008; Local real estate contacts, 2008.
OFFICE INVENTORY
|
Region |
Location: Suburban |
Location: CBD |
|
OKC MSA |
9,906,808 |
5,168,649 |
Source: NAI Global Market Reports, 2008; Local real estate contacts, 2008.