-- Oklahoma City's retail market began the year on a high note, holding occupancy levels at a steady 92% and experiencing positive absorption for the first time since before the pandemic.
-- The Greater Oklahoma City Chamber's annual Economic Forecast predicts personal income and GDP in the metro will return to its pre-pandemic growth levels by 2022.
-- Restaurant and travel demand is surging faster than establishments can match with workers, bringing relief to a hard-hit corner of the labor market.
-- The metro's largest positive gains in construction were found in hotels and motels.
-- Several major retailers have opened, expanded, or announced plans for development since January 2021.
Oklahoma City's retail market began the year on a high note, holding occupancy levels at a steady 92% and experiencing positive absorption for the first time since before the pandemic.
-- The Greater Oklahoma City Chamber's annual Economic Forecast predicts personal income and GDP in the metro will return to its pre-pandemic growth levels by 2022.
-- Restaurant and travel demand is surging faster than establishments can match with workers, bringing relief to a hard-hit corner of the labor market.
-- The metro's largest positive gains in construction were found in hotels and motels.
-- Several major retailers have opened, expanded, or announced plans for development since January 2021.
Strategic Location
Oklahoma City offers you big advantages, with a strategic location, market access and the workforce you are looking for.
https://www.greateroklahomacity.com/main/doing-business/
Credit the Greater OKC Chamber
Welcome to Oklahoma City! On this site, you'll find the tools and information you need to cover your story featuring Oklahoma City. You will also find a range of story ideas and angles, from Oklahoma City's remarkable transformation to our burgeoning bioscience community, local attractions and more. We offer a robust selection of video clips and images, Oklahoma City data and additional sites and contacts. This site is just one example of the hospitality you'll find all around our region.
Credit the Greater OKC Chamber
State of Oklahoma
Government
47,300
Tinker Air Force Base
Military
24,000
University of Oklahoma - Norman
Higher Education
12,700
INTEGRIS Health
Health Care
9,000
University of Oklahoma Health Sciences Center
Higher Education
7,500
FAA Mike Monroney Aeronautical Center
Aerospace
7,000
Hobby Lobby Stores Inc
Wholesale and Retail
6,500
M
State of Oklahoma
Government
47,300
Tinker Air Force Base
Military
24,000
University of Oklahoma - Norman
Higher Education
12,700
INTEGRIS Health
Health Care
9,000
University of Oklahoma Health Sciences Center
Higher Education
7,500
FAA Mike Monroney Aeronautical Center
Aerospace
7,000
Hobby Lobby Stores Inc
Wholesale and Retail
6,500
Mercy Hospital
Health Care
5,540
Amazon
Transportation
5,000
City of Oklahoma City
Government
4,800
Greater Oklahoma City's best asset is undoubtedly its workforce. With more than 670,000 workers and nearly 150,000 attending area colleges and universities, the region can fulfill the needs of your company.
The workforce is not just available; it is productive. Workers in the region are also free to work in any company without paying union
Greater Oklahoma City's best asset is undoubtedly its workforce. With more than 670,000 workers and nearly 150,000 attending area colleges and universities, the region can fulfill the needs of your company.
The workforce is not just available; it is productive. Workers in the region are also free to work in any company without paying union dues or fees, since Oklahoma voters passed Right-to-Work in 2001.
The Greater Oklahoma City region is home to 19 colleges and universities. Nine technology centers deliver high-quality, customized training to both new and expanding companies.
https://www.greateroklahomacity.com/subdoingbusiness/workforce-development/
OKC MSA POPULATION
2010 1,095,421
2018 1,252,987
2023 1,343,996
7.3% Growth (2010-2018)
NOTE: The population growth in the OKC MSA more than doubled that of the national growth from 2010 to 2018 according to Esri Business Analyst, 2018; U.S. Census
https://www.greateroklahomacity.com/subdoingbusiness/workforce-and-demographics/
Inflation has become a near-constant topic of conversation over the last several weeks.In this report, we look at the factors contributing to rising prices in the U.S., how long elevated inflation rates are likely to continue, the role of the Federal Reserve, which is having to walk a narrower path than in prior economic expansions, as well as the major implications for commercial real estate investors.
The Oklahoma City multi-family remains strong in the post pandemic days (if thats where we are) with vacancy rates remaining near their 5-year low, and rents continuing to appreciate. The demand for housing with increased costs is and strong demand for employment is fueling much of this. Absorption continues to outpace deliveries pushing vacancy rates to their lowest levels in years, around 5%. E-mail me for a detailed report. James@DurocherOKC.com
There’s a silver lining to astronomic U.S. rent hikes: Most tenants won’t pay them, because they’re already locked into their leases.
Apartment occupancy in the U.S. has hit an all-time high, meaning anyone looking for a new place is going to have a rough time of it.
Fully 97.5% of professionally managed apartment units are spoken for as of December, the highest figure on record, according to data from the property management software company RealPage. That’s more than 2 percentage points higher than the occupancy rate in December 2020, a difference that represents hundreds of thousands of households.
“I don’t think most people realize just how crazy that is,” says Jay Parsons, deputy chief economist for RealPage. “Not only is that a record, typically we consider 95 to 96% to be essentially full.”
But for most tenants, there may be a silver lining to the lack of options. Rents for available apartments have seen record increases over the last year, yet the occupancy rates suggest that most renters aren’t paying those prices.
https://www.bloomberg.com/news/articles/2022-01-06/why-aren-t-there-any-vacant-apartments
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