• The Tulsa Industrial Market closed 2020 with record high annual net absorption of 5.8 million sq. ft. and a record high construction delivery of  5.4 million sq. ft.
  • H2 2020 saw 2.5 million sq. ft. of net absorption due to the delivery of a large build-to-suit project and several leases and user sales above 90,000 sq. ft.
  • The market-wide vacancy rate decreased by 60 basis points compared to H1 2020.
  • The market-wide average asking rate increased by $0.13 per sq. ft. compared to H1 2020.