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Tulsa Retail Faces Challenges with Store Closures and Increased Vacancies

CVS, Walgreens, and Big Lots have been closing locations in the city.

By Anthony Russo | March 20, 2025 at 03:24 PM

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.

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