Oklahoma Capital Markets Report
2021 was a phenomenal year of recovery for Oklahoma, with markets reaching new deal volume records across the board for every asset type. The state holds plentiful value-add opportunities, drawing in national investors who have been priced out of expensive coastal markets. In fact, the state is viewed as a hidden gem for commercial real estate investors. Oklahoma’s central U.S. location, low operating costs, and low cost of business make it an incredibly desirable destination.
Investors are on the hunt for retail assets along the Sunbelt, with Tulsa and Oklahoma City’s retail environment rebounding swiftly as fundamentals return to pre-pandemic averages. Deal volume in Tusla reached the highest on record for the market, recording $311 million, while Oklahoma City reached $441 million in sales.
Following national trends, industrial investments are heightened and continue to rise. In the last year, deal volume totaled $233 million in Tulsa, registering a new market annual record, and $585 million in Oklahoma City. Industrial assets in the Oklahoma City metro average $75 per square foot and values are projected to grow by roughly five percent over the next couple of years.
Matching that of industrial and retail, multifamily acquisitions also reached their highest volume on record, accomplishing $574 million in Tulsa and nearly $983 million in Oklahoma City for the entire year in 2021.