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7 Apr, 2026
Analysis | Latest
Tulsa Multifamily Market Update: Recovery After 2023 Supply Surge
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Written by James McLean

James McLean is the Head of Business Development at Radius+. James helps maintain external relationships with clients and assisting internally with the sales process. He also, manages internal data processes working alongside the operations team to ensure we are supporting high level data quality.

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This week the Radius+ team took a look at the Tulsa, OK CBSA.

Historical Supply Growth:

2021: 3%

2022: 1.6%

2023: 5.9%

2024: 2.4%

2025: 0%

Tulsa saw an unusually large wave of new supply delivered in 2023. Despite this surge, the metro area benefits from a robust economy supported by aerospace, defense, and a growing housing market. These factors have helped the new supply lease up, contributing to positive rental rate growth in recent months. The development pipeline forecasts just under 4% new supply, and some projects may not move forward. This should allow Tulsa to continue recovering and trending toward healthier rental rate performance.

REIT: 10×10 CC rental rates