• According to CBRE Econometric Advisors, total retail sales for Oklahoma City is estimated to reach $15.4 billion in 2018.

 

  • Retail spending is expected to grow at an annual rate of 3.4% over the next five years.

 

  • Job growth has accelerated sharply over the past year, reaching its fastest pace since early 2015.

 

  • Within Oklahoma City’s retail market, negative net absorption dropped the occupancy rate 30 basis points (bps) over Q2 2018 to 91.5%.

 

  • Despite the ebb in net absorption, rental rates increased to $15.16 per sq. ft. at mid-year 2018.

 

  • Investment sales cool after the uptick at the start of the year with Q2 2018 ending the quarter with a sluggish $7.8 million in investment sales.