Tulsa Retail Vacancies Rise to 15.09 Percent

Summary


Retail vacancy rates rose to 15.09 percent in the first half of 2009, just a fraction below the highest Tulsa mark ever recorded by CB Richard Ellis of Oklahoma.

That continued a steady upward march over the last three years often attributed to the new construction cycle. Since slipping to 10.97 percent at mid-2007, Oklahoma's second-largest market has welcomed a variety of new retail options, from expanded Owasso and Broken Arrow centers to the Tulsa Hills Shopping Center just north of Jenks.

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Tulsa Retail Vacancies Rise to 15.09 Percent

The vacancy rate now stands just short of the 16.5 percent recorded in 1992, the first year Co...

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