Haynes said Manhattan Construction started work on the IBC space in early July. ZPD+A is the architect.
“We're pleased with the design and construction progress of the new space, and expect a smooth transition to the IBC Center,” Haynes said.
Finding so much Class A office space to lease in northwest Oklahoma is a rare feat. Average vacancy in the best buildings in the submarket had tightened to 3.7 percent at midyear, according to Price Edwards & Co.
“Larger Class A Users currently have very few space alternatives in this popular submarket and with Class A rental rates climbing to $21.80 per square foot, some new construction is inevitable in the next few years,” Price Edwards said in its midyear office summary.