• The Tulsa Office Market closed H2 2020 with negative 411,933 sq. ft. of net absorption, an improvement of almost 95,000 sq. ft. compared to H1 2020.
  • The market-wide vacancy rate increase by 165 basis points (bps) compared to H1 2020 and by 407 bps year-over-year. 
  • The market registered 95 leases and 31 renewals totaling just under half a million sq. ft. of activity and 315,000 sq. ft. of gross absorption.
  • At the end of 2020, three construction projects totaling 367,920 sq. ft. remained under way.