Q1 2025 | Oklahoma City Multifamily Report

Market Overview

Colliers’ Q1 2025 report notes that Oklahoma City’s multifamily market is in a period of rebalancing, with net absorption catching up to recent construction. Occupancy remains just under 90%, and rents have grown steadily—up 2.2% YoY—well above national averages. Submarkets like Edmond and Canadian County are seeing the strongest renter activity, driven by affordability and proximity to major employers. Construction has tapered significantly, with fewer than 1,400 units underway, creating conditions for further stabilization.

About Colliers

Colliers is a global real estate services firm with more than 19,000 professionals operating in 60+ countries. Their Oklahoma City team delivers localized research that blends macro trends with granular property-level performance. The firm’s multifamily market reports are widely used by investors, developers, and lenders seeking a strategic edge in secondary and tertiary markets.

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