Demand has been strong as of late in Tulsa, Oklahoma's retail space but store closures and new product delivered to the market could cause some challenges in the near term.
An analysis from CBRE revealed net absorption was 125,057 square feet after being in negative territory at -24,952 square feet in the first six months. In addition, the category nearly doubled year-over-year from the +65,636 square feet.
Vacancies, meanwhile, inched up to 3.98 percent, which is slightly higher than the 3.91 percent recorded in the first half of 2024, and the 3.78 percent posted in all of 2023. The North Central submarket held the highest rate of unoccupied space, at 5.6 percent. The lowest was available in the North submarket, at 0.5 percent.
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