• The Tulsa Industrial Market closed H1 2020 with record high net absorption of over 3.2 million sq. ft. due to the delivery of two large build-to-suit (BTS) projects.
  • The half-year registered 1.6 million sq. ft. of activity through 63 new leases, 26 renewals, and seven user sales.
  • The market-wide vacancy rate increased slightly, by 10 basis points (bps), compared to H2 2019. Compared to a year ago, the vacancy rate increased by 40 bps.
  • The market-wide average asking rate remained unchanged compared to H2 2019 and declined by $0.17 per sq. ft. since H1 2019.