Q3 2025 | Tulsa Multifamily Report

Market Overview

‍Tulsa’s multifamily sector showed steady but cooling momentum in Q3 2025 as new supply outpaced demand. The quarter delivered 308 new units, while absorption slowed to 170 units, the lowest level since early 2024. Occupancy eased to 95.8% as Class B and C properties saw the most softness. Even with lighter demand, average asking rents reached a record $1,031 per month, reflecting continued pricing power and limited concessions. Construction activity continued its seven-quarter slowdown, with 606 units underway, signaling a gradual move toward a more balanced pipeline.

‍About Colliers

‍Colliers is a global real estate services and investment management firm operating in more than 70 countries. The company provides research, valuation, property management, capital markets, and advisory services that help owners, investors, and developers navigate market cycles and uncover opportunities in regions like Tulsa. To read the full report, click here.