Oklahoma City Retail Figures H1 2024

·         In H1 2024, the total square footage of new leases equaled 458,263 sq. ft. The average rental rate was $15.74 NNN, with a range of $13.83 NNN per sq. ft. to $21.45 NNN per sq. ft.

·         Deliveries increased from 91,900 sq. ft. in H2 2023 to 106,893 sq. ft. in H1 2024. The North submarket saw the highest amount of delivered construction followed closely by Canadian County.

·         Although newly delivered construction has risen since H2 2023, active construction projects have dipped slightly from 569,078 sq. ft. in H2 2023 to 441,313 sq. ft. currently. The main project that has driven the active construction total is OAK, a 135,000-sq.-ft. Class A retail development located in the heart of the North submarket with an estimated completion date in September 2025.