• The Tulsa Office Market closed H1 2020 with negative 506,743 sq. ft. of net absorption, a decline of nearly 480,000 sq. ft. compared to H2 2019.
  • The market-wide vacancy rate increase by 240 basis points (bps) compared to H2 2019 and by 260 bps year-over-year. 
  • The market registered 112 new leases with an average size of 2,100 sq. ft. and 30 renewals with an average size of 4,100 sq. ft.
  • Skewed by the influx of recently vacated space, average asking rents increased by $0.13 per sq. ft. over the previous half-year.