IRR-Tulsa Mid-Year Viewpoint 2015 Local Market Report - Industrial
Historically, the industrial market in Tulsa has provided the best indication of overall real estate movement in the area, with new industrial development as the primary indicator of employment growth and typically the leading indicator of overall real estate market change and health. The industrial market is continuing to strengthen and expand, driven by factors such as low unemployment, population growth, and expanding business. The overall vacancy rate for the Tulsa metro area decreased in the first part of 2015. Rental rates have been climbing up over the past year and this trend will likely continue as the current year progresses.