Annual Norman Development Update 2017

On March 31, the Norman Chamber of Commerce held their annual general meeting at Embassy Suites. The presenters included Jason Smith, President and CEO of the Norman Economic Development Coalition, Sara Kaplan, Retail Marketing Coordinator for the City of Norman, Sean Rieger of Rieger Law Group/Rieger Realty, and Eric Fleske of Equity Commercial Realty. Each panelist spoke about local and national development trends in various sectors of the development industry.  A key slides from the presentation are shown below. 

This graph shows trends in the construction value of residential and non-residential projects in the City of Norman since 2004. Please note, totals do not include construction values of projects on the campus of the University of Oklahoma. 

This graph shows trends in the total construction value of projects in the City of Norman since 2004. Please note, totals do not include construction values of projects on the campus of the University of Oklahoma. 

Projects currently in development in the City of Norman valued at over $5 million, including some Norman Forward Projects. The rendering shows the design of the new central branch of the Norman Public Library to be located just north of Andrews Park. 

This graph shows the trends in construction of residential units in Norman since 2000. Single family homes are shown in blue, multifamily are shown in gray.