Tulsa, OK Multifamily Market Report | Colliers | Q1 2026

Market Overview

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Tulsa's multifamily market began Q1 2026 on a positive note, with absorption of 327 units outpacing deliveries of 285 units and occupancy holding steady at 95.9% across all property classes. Average asking rents reached a new peak of $1,034 per month, with Class A rents at $1,350, Class B at $1,041, and Class C at $828. Construction activity declined for the ninth consecutive quarter, with just 80 units underway as of Q1, all concentrated in the Central Tulsa submarket, signaling a sustained and meaningful pullback in new supply. Central Tulsa led all submarkets in demand at 301 units absorbed, and the near-empty pipeline positions the market for continued rent growth and tighter occupancy heading into the remainder of 2026.

‍About Colliers

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Colliers is a global real estate services and investment management firm operating across more than 60 countries. The firm offers comprehensive brokerage, capital markets, valuation, advisory, and research services. Their Q1 2026 Tulsa multifamily report tracks occupancy, rents, absorption, deliveries, and construction activity across five submarkets to help owners, developers, and investors assess market conditions and timing. To read the full report, click here.