Industrial Vacancies Continue to Decline

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By Darrell Morrow

Feature Editor

Oklahoma City's industrial building vacancy rate continued its shrinking trend during second quarter 1992. It dipped to 9.78 percent from 10.8 percent the first quarter, said Jim Austin, managing officer of CB Commercial Real Estate Group Inc., which does quarterly surveys of the availability of marketable industrial space.

The industrial vacancy rate has reached a low enough level that sales and rental prices likely will increase and new construction is expected to rise. Rental rates are predicted to increase 10 percent by year's end.

About 6.4 million square feet remained vacant at the end of the second …