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Office development possible with new garage in Oklahoma City

The Oklahoma City Urban Renewal Authority is entertaining proposals for office development in the central business district.
by Steve Lackmeyer Published: January 17, 2013
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The designs allow for three floors of housing with a total of 60 units, or for about 80,000 square feet of office space.

“There isn't a lot of Class A office space available (downtown) that has parking attached anymore,” O'Connor said.

Commissioner Mark Beffort, a leading downtown broker and property owner, agreed that demand is high for additional Class A office space. He said Class A office space occupancy downtown is 97 percent, while occupancy for all downtown office space is about 85 percent.

Beffort also warned that by switching to office space, demand for parking spaces in the new garage would jump to 250 spaces.

“The reason for the garage is to meet the current need,” Beffort said. “We have a bigger issue there.”

by Steve Lackmeyer
Business Reporter
Steve Lackmeyer is a reporter and columnist who started his career at The Oklahoman in 1990. Since then, he has won numerous awards for his coverage, which included the 1995 bombing of the Alfred P. Murrah Federal Building, the city's Metropolitan...
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