I was talking with someone from ULI last weekend and he mentioned the general rule of thumb that most newer, sprawl cities (like OKC, Dallas, etc.) should expect to have about 2% of their population living downtown.
Doing the math, that means OKC could easily support about 25,000. If you consult our Downtown Housing Summary, you'll see there are less than 5,000 units built, under construction or with solid plans. Multiply that by 1.5 residents per unit and you get to 7,500.
So, even after everything now planned is built and occupied, there will be the need and demand for more than 2 X what is already complete.
And developers in OKC know this and most of them are planning to build lots more, despite what they may say publicly. There are absolutely tons of residential projects in the pipeline and I only see that activity increasing.
And they will all be quickly absorbed.
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