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City Office Vacancy Rate Expected to Fall Slightly / Says Wiggin Properties

By: Tipton, David | THE JOURNAL RECORD, March 4, 1986 | Article details

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City Office Vacancy Rate Expected to Fall Slightly / Says Wiggin Properties


Tipton, David, THE JOURNAL RECORD


The overall office vacancy rate for Oklahoma City is expected to decline slightly to 24.9 percent by January 1987 from th e 25.4 percent reported in January 1986, according to a semi-annual office market report released Monday by Wiggin Properties Inc.

While the downtown vacancy rate is expected to drop from 26.5 percent to 24.3 percent within that 12 month period, suburban office vacancies will climb from 24.7 percent to 25.5 percent by January 1987, according to the report.

The projections were made assuming that construction of no more office space begins before January 1987 and that 250,000 square feet of office space is leased net of additional vacancies during …

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