Originally Posted by
Urbanized
There was an apparently-forgotten study paid for by OCURA around 1999 or 2000 that tried to gauge demand for downtown housing. If said that if 6000 or 7000 (if memory serves) housing units came online overnight, they would be INSTANTLY absorbed by current (at the time) demand. This was before most MAPS amenities were in place, before the energy sector was reinvigorated, before the Thunder, before the streetcar talk, before $3/gallon gasoline, before OCU law, before ACM@UCO, before OKC began the current population growth trend, before urban living became as trendy as it has.
Currently, when a new place comes online downtown, some residents jump ship for the new place, but the old places invariably snap back to 100% occupancies and waiting lists immediately.
It is going to be a long, LONG time before there is a downtown housing glut.
Bookmarks