The Tulsa, Oklahoma multifamily market has been seeing big demand but that could flip this year, according to the latest report from Colliers.
In the fourth quarter, units absorbed hit 464, up from the 251 recorded in the previous three months. In addition, the figure is nearly nine-fold higher than the 54 posted in the final three months of 2023.
Occupancy was up by 30 basis points to 94.4 percent in the fourth quarter compared with the previous three months. The lowest vacancies were recorded in Osage County, which had a rate of only 1.9 percent, with Downtown Tulsa experiencing the highest at 14.9 percent. The average vacancy in Tulsa was eight percent.
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