• Tulsa’s industrial market posted net absorption of almost 700,000 sq. ft., roughly two-thirds of the net absorption in H1 2017. . About 373,000 sq. ft. of net absorption was from the delivery of build-to-suit (BTS) projects.
  • The NNN average asking rate saw growth with a $0.12 per sq. ft. increase since H1 2017.

  • Vacancy dropped from 4.1% in H1 2017 to 3.8% in H2 2017, the lowest rate in the current cycle. The market rate has fallen by 170 basis points (bps) since H1 2016.

  • During H2 2017, three new construction projects broke ground, two BTS and one speculative.