Net absorption remained in positive territory throughout Q4 2018, with 38,906 sq. ft. of positive absorption to end the quarter.
There was a slight decrease in leasing activity during Q4 2018, though figures remain within recent historical averages. The quarter logged 54 lease signings during Q4 2019, which amounted to just below 200,000 sq. ft. involved in the transactions.
Investment sales volume for the Tulsa retail market totaled $16,236,900 for Q4 2018, with 179,093 sq. ft of retail space being exchanged.
Development in the Tulsa retail market found a strong balance between the urban and suburban cores of the city. There are new businesses opening up on Cherry Street, and there are several mixed-use projects underway throughout the metro area.