Tulsa, OK Multifamily Market Report | Colliers | Q4 2025

Market Overview

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Tulsa's multifamily market closed Q4 2025 on steady footing, with occupancy edging up to 95.9% as demand of 266 units outpaced deliveries of 228 units for the quarter. Average asking rents eased slightly to $1,029 per unit from their record high of $1,032, reflecting a market that has absorbed its supply cycle without significant disruption. Construction momentum continued to weaken for the eighth consecutive quarter, with just 342 units remaining in progress and none forecast to break ground in the near term. With controlled supply, rising demand, and rents projected to reach $1,060 by year-end 2026, Tulsa appears well positioned for gradual tightening ahead.

‍About Colliers

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Colliers is a global real estate advisory and investment management firm serving owners, operators, and investors across major U.S. markets. Their Q4 2025 Tulsa multifamily report tracks occupancy, rents, absorption, deliveries, and construction activity to help owners, developers, and investors assess market conditions and timing. To read the full report, click here.