Downtown Oklahoma City's Untapped Housing Market

A new study shows that downtown Oklahoma City's 90's investments are beginning to pay off with an expected demand of at least 7,000 units within the next 10 years.
August 8, 2005, 6am PDT | Abhijeet Chavan
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Downtown Oklahoma City's rebirth seems to be entering a new stage as a new housing market study shows that the city can support over 7,000 additional units of housing over the next ten years. The study comes on the heels of several projects underway that will bring about 700 units within the next two years. The survey portion of the study came up with its biggest surprise: that 82% of downtown's residents do not work downtown. Also surprising was the level of education of downtown's residents: 61% have at least a bachelor's degree, 43% with postgraduate degrees. The top reason for living downtown, at 43%, was proximity to downtown activities and resources.

Thanks to Rick Paymer

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Published on Thursday, August 4, 2005 in The Oklahoman
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