The summer might be winding down, but the Oklahoma City market is still hot! As reported by The Oklahoman apartment sales prices are holding steady based on a mid-year report released by Commercial Realty Resources Co.
The metro-area multifamily investment market, he said, is seeing sustained high prices because investors just keep coming “and buyers are becoming more comfortable paying these prices because so many other people are paying them.”
As most people know in the area, investor from outside the market are finding out the Oklahoma City offers great potential on a high ROI. Of course if you can’t get into an existing building keep an eye on new development. Mike Buhl from Commercial Reality Resources Co “expects to see continued strong construction of new apartment complexes for the next 12 to 18 months, at least.”