Oklahoma City Office MarketBeat Q1 2026

Oklahoma City's office market in Q1 2026 showed a 28.8% vacancy rate with $19.78 asking rent per square foot, driven by an economy with 3.6% unemployment (below the 3.4% national average) and diversified employment across energy, aerospace, technology, and manufacturing sectors. The market has experienced measured supply growth with 6,000 square feet of year-to-date net absorption, sustained leasing in North and Northwest submarkets, and is seeing tenant demand shift toward smaller, higher-quality spaces supported by generous tenant improvement allowances ranging from $30–$50 to $75–$100 per square foot for shell space.