Oklahoma City Office MarketBeat Q4 2025

Oklahoma City's office market in Q4 2025 showed a 29.6% overall vacancy rate with negative year-to-date net absorption of 305,000 square feet and an asking rent of $19.18 per square foot, supported by strong economic fundamentals including 2.9% unemployment, 18% metro population growth since 2010, and diversification beyond energy into aerospace, technology, and manufacturing sectors. The market outlook indicates a shift toward smaller, high-quality spaces concentrated in North and Northwest submarkets, with tenant improvement allowances nearly doubling to $75–$100 per square foot for shell space and adaptive reuse projects converting office buildings to residential uses expected to help reduce vacancy pressures.