Summary
After having seen positive absorption for over a year, Oklahoma City's office market is experiencing a slight setback with overall office vacancy rising to an average of 24.5 percent, according to a new report.
According to the Office Market Trends Oklahoma City report prepared by Grubb & Ellis/Beffort Brooks Hogan, the market experienced 151,733 square feet of negative absorption during the first quarter of the year, resulting in its highest vacancy rate since 1996.See the full content of this document
Extract
Oklahoma City's Office Market Vacancies Rise
While the report showed that all submarkets noted a gain in vacancy, most of the negative absorption was concentrated in the suburban areas of...
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