MARKET SNAPSHOT

2026 Tulsa Forecast

2025

FORECASTED ANNUAL CHANGE

2026

$1,049

Q4 AVG. EFFECTIVE RENT

2.0%

ANNUAL CHANGE

$1,070

Q4 Avg. Effective Rent

90.0%

Q4 AVG. OCCUPANCY

+30 BPS

ANNUAL CHANGE

90.3%

Q4 Avg. Occupancy

1,582

2025 COMPLETIONS

932

10 Yr. Avg. Annual Completions

737

2026 COMPLETIONS

1,198

2025 NET ABSORPTION

706

10 Yr. Avg. Annual Absorption

686

2026 NET ABSORPTION

Source: CoStar
Key Market Themes for 2026
  • Tulsa's multifamily effective rents increased 1.1% year over year in Q4 2025, outpacing the U.S. average of 0.3%, thanks to a more constrained supply pipeline that has kept rent performance relatively resilient through the latest cycle.

  • Tulsa's multifamily market has moved closer to balance, with occupancy stabilizing as steady absorption and a measured pace of construction have brought supply and demand into alignment.

  • Tulsa's economic outlook remains positive for 2026, driven by affordability, a low cost of living, and workforce-focused incentives that continue to attract and retain employers.

MARKET OUTLOOK

Tulsa’s multifamily market enters 2026 in a relatively balanced position, supported by a disciplined construction cycle and steady demand fundamentals...

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