Oklahoma City uses NBA’s Thunder for CRE exposure

Oklahoma City has used its basketball team for further real estate exposure.

The continued success of the Oklahoma City Thunder may have encouraged further exposure of the commercial real estate industry in the Sooner State's capital, even though continued success and strength in recent years has not earned it such notoriety, The Oklahoman reported.

While Oklahoma City experienced solid commercial real estate performance during the recession when compared to other, typically stronger cities, it usually is put on the back-burner due to its location and perceived lack of clout.

However, property management companies may have seen improved business, as toward the end of the recession, the area experienced heightened employment compared to much of the country, the news source said.

A joint report from the Urban Land Institute and PricewaterhouseCoopers barely mentioned the city, but current exposure in the national media may bring it to many investors' attention, according to the news source. This, coupled with the fact that the city was able to land a basketball franchise and have it thrive in recent years may reveal that the city has a strong argument for sustained business and revenue to continue.

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