• Unemployment in the Tulsa metropolitan area remains near a historic low after falling from 3.3% to 3.1% in Q3 2019, according to the Bureau of Labor Statistics.

 

  • Despite 122,159 sq. ft. of positive absorption in the South Central, Southeast, and West submarkets, net absorption ended in negative territory to end Q3 2019.

 

  • After a slow start to 2019, investment sales rose to their highest level in a year, with approximately $19,260,000 in sales recorded during Q3 2019.

 

  • Due to considerable population growth over the past decade, retail construction has become increasingly focused in South Tulsa, particularly in the suburbs of Bixby, Jenks, and Broken Arrow.