Uncertainty abroad and at home and lower oil prices bring industrial construction to a stop in Oklahoma City

The crude oil price collapse sucked the air out of speculative industrial construction and rising rent, but left vacancy unscathed in Oklahoma City, according to Price Edwards & Co.

Despite oil and gas bankruptcies and layoffs, industrial vacancy was lower at the end of June than at midyear 2015 thanks to diversified demand, said broker Bob Puckett, who prepared the firm's 's midyear industrial market survey.

The overall rate, including single-tenant and owner-occupied properties, was 6.5 percent, the report said.

For multitenant space, built or bought and held as income-producing investment property, the rate was 10.56 percent, down from 11.8 percent a year ago, according to the report.