Intelligent Solutions backed by In-depth Market Research
Newmark Grubb Levy Strange Beffort combines local market knowledge and specialty expertise with detailed analysis, unlocking opportunities that support the business goals of each client. The Research department prepares national and local Weekly Market Insights to provide an in-depth look at the economic indicators driving commercial real estate. For further information on a particular topic or market, or for information on other assistance that we can provide, please contact Kelley Chambers.
October 1st, 2017
The Oklahoma City Vitality report, published semi-annually, gauges our metro’s economic progress and its impact on the commercial real estate market.
Newmark Grubb Levy Strange Beffort compared Oklahoma City to four metros: Jacksonville, Kansas City, Richmond, and Nashville. These metros are all secondary markets with similar populations; however the industries that drive the economies differ dramatically.
October 1st, 2017
The Tulsa Vitality report gauges the metro’s economic progress and its impact on the commercial real estate market. Newmark Grubb Levy Strange Beffort compared Tulsa to five metros: Oklahoma City, Little Rock, Tucson, Albuquerque, and Wichita. These metros are similar in terms of population and location.
January 31st, 2017
The Greater Oklahoma City Metro Area includes 10 counties and more than 1.4 million people. Its population has grown by more than 6% (double the national average) since the 2010 Census. In January 2017, the city’s unemployment rate was 4.1%, in the top ten lowest rates among large metro areas (over one million population.) The Oklahoma City MSA has been among the 25 lowest unemployment large metros for six years.
January 1st, 2017
At the start of 2017, more than 2 million square feet of space is under construction in the office, industrial, retail and multifamily sectors. Projects include the BOK Park Plaza downtown, Winco and Crest grocery stores, and several industrial and multifamily projects around the metro area. More projects planned for 2017 include the redevelopment of the First National Center, which was purchased in January, into hotel, apartments and parking. The city’s MAPS projects continue in various stages of planning and construction, including the $288 million, 200,000 square foot MAPS 3 Downtown Convention Center, which will break ground this year.