Trailing 12-month deliveries of 2,018 units, up 56% from the prior year period, have outpaced absorption of 641 units, contributing to the 170 bps annual decline in stabilized occupancy to 88.6%
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Forward supply pressure has diminished materially, with the pipeline contracting 77% from its Q1 2025 peak to 603 units and trailing 12-month starts falling to zero.
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Average effective rents of $1,060 reflect 0.7% year-over-year growth, demonstrating relative pricing resilience through an elevated delivery cycle.
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MARKET OUTLOOK
Tulsa's near-term setup points to gradual improvement as the delivery cycle winds down and absorption remains positive. With just...
