By Richard Mize
Oklahoma City's big-box retail space surplus has slipped away the past few years as the local economy hums and national and regional chains keep grabbing space.
That's according to a midyear report by brokers Mark Inman and Stuart Graham of CB Richard Ellis-Oklahoma, who tracked deals "across the full spectrum of property types." They follow transactions involving retail spaces of at least 18,000 square feet, which they consider the smallest space usable by a "junior anchor" in a shopping center.
"After so much worry several years ago about an oversupply of empty box space, we are now struggling with a lack of inventory. There are tenants circling the market that simply can't find space," said Inman, senior vice president of the firm.
And so developers are developing.