Price Edwards Releases Retail Market Survey
The Retail Market
Oklahoma City real estate is known for its relative stability and slow but steady growth. We typically don’t see the cyclical volatility nor the overexuberance of other markets. The numbers for the first half of the year reflect this even as retail nationally and locally is undergoing transformational change. Occupancy edged up the first half of the year to 90.6 percent from 90.2 percent at year-end. We attribute the improvement to a good but not great economy, the continued growth of discount retailers, and the marijuana industry (see our take on this below).
The transformation of retail has been ongoing for several years now and will continue for several more. Far from being an apocalypse, the changes are invigorating the industry and creating a far more vibrant shopping experience; retail isn’t dying, it is changing to meet customer preferences.
To download the full retail market survey, click
here. (Requires email address).
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty, or representation about it. You and your legal and technical advisors should conduct a careful, independent investigation of the property to determine to your satisfaction to the suitability of the property for your needs.
