"We've been fortunate so far," notes Mark Beffort, managing director with Grubb & Ellis/Levy Beffort in Oklahoma City. "We haven't seen any downsizing…yet. We haven't seen any bankruptcies…yet. We haven't seen a lot of space get put back on the market through sublease. We haven't seen a lot of shadow space."

But the good fortune could be short-lived into the next year, Beffort continues. "We anticipate all of these things to be visible," he notes. "But to what extent, we just don't know yet."

Sperry Van Ness managing director Tim Strange agreed with the idea that a slowdown is in the cards for the next year. "I picked up a paper the other day and saw three development projects with a residential component that were put on hold," comments Strange, who is with Sperry Van Ness' Oklahoma City office. "There was a sale of some buildings in the Bricktown area last week, and an auction the week before. Neither got the minimum bids."