Supply headwinds are fading. The construction pipeline, as a share of the market’s base inventory, is at its lowest level in over a decade and lower than all but one major U.S. metro, while deliveries continue to trend lower.
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Conditions are steadily rebalancing as new supply cools and renter demand remains elevated at more than double long-term norms, keeping occupancy stable with a slight upward bias.
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Pricing power is firming, supported by strong demand and an affordable starting point. Relative value versus regional peers supports renewals and expands the renter pool, setting the stage for modest, sustainable rent gains as operators shift from upfront incentives to more typical renewal strategies.
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MARKET OUTLOOK
Oklahoma City enters the next few quarters with improving balance as new supply eases and renter demand remains steady...
