Thursday, April 19, 2012

Tulsa-area commercial vacancies decrease

Vacancies for office properties in Tulsa improved slightly during the first quarter, a new study indicates.The percentage of empty office buildings decreased from 21.1 percent at the end of last year to 20.6 percent at the end of March, according to a report compiled by real estate data service Xceligent. Brian Hunt, author of the report, said interest in office property has picked up, especially from companies specializing in energy, law, engineering, staffing and medical tenants. Industrial properties improved slightly, from 9.7 percent at the end of last year to 9.6 percent now. Hunt noted industrial activity also picked up, though smaller warehouses continue to find tenants more easily than larger spaces.

By ROBERT EVATT World Staff Writer Published: 4/16/2012
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