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Market Insight - First Quarter 

U.S. Industrial Market First Look: 1Q15

The U.S. industrial market continued its historic run in the first quarter, shaking off weakness in the manufacturing sector.  Here are some of the details:

  • The vacancy rate fell for the 20th consecutive quarter to its lowest level in 14 years, ending the first quarter at 7.0%. Vacancy was down from 7.2% at the end of 2014 and down from 7.7% a year ago.
  • Asking rents continued to rise, ending the first quarter at $5.81/SF NNN, up 4.1% over the last four quarters and up 16.1% from the cyclical trough of $5.00 in 2010.
  • Demand is off and running this year, with first-quarter absorption of 43.5 million SF trumping last year’s first-quarter total of 41.7 million SF. Absorption also trumped space completions, which totaled 42.6 million SF in the first quarter.

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Tulsa 2015

Commercial Real Estate Outlook

Read a summarty of Tulsa's
Commercial Real Estate
Market Conditions and 
2015 outlook:

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