Q1 2025 | Tulsa Multifamily Report

Market Overview

Tulsa’s multifamily sector entered 2025 in a phase of stabilization. Net absorption slightly outpaced deliveries over the past 12 months, a welcome sign after a 2024 supply surge. With just 1,500 units under construction—down nearly 50% from peak—supply pressure is easing, particularly in North Tulsa and Downtown. Rent growth remained modest at 2.0% YoY, with Class C properties and peripheral submarkets like Creek County showing stronger performance. Occupancy ticked up to 91.9%, and investment activity picked up, although pricing reflected a focus on value assets.

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MMG’s Tulsa report is a strong example of their pragmatic, boots-on-the-ground research. With breakdowns by class, submarket, and supply trend, it arms multifamily stakeholders with exactly what they need to evaluate risk, identify pockets of growth, and build informed strategies. Especially in tertiary markets, MMG’s ability to synthesize local nuance with macro context is a competitive advantage.