Business Location Data
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BUSINESS LOCATION DATA #TulsaChamber TULSA BUSINESS LOCATION DATA Facilities Business Environment · Industrial Buildings 4 · Largest Employers 14 · Office Buildings 4 · Incentives 14 · Land 5 · Taxes 16 · Retail Buildings 5 · Community Data 17 · Business Announcements 18 Utilities · Electricity 6 Quality of Life · Natural Gas 6 · Tulsa MSA Demographics 19 · Water & Sewer 6 · Cost of Living Index 20 · Telecommunications 7 · Education 20 · Health Care 23 · Culture & Recreation 24 Workforce · · Labor Force 8 Climate 25 · · Wage & Salary Employment 8 Other Facts 25 · Employment by Sector 8 · Unemployment Rates 9 Location & Maps · Wage Rates 9 · Tulsa & Region Maps 26 · Union Information 10 · Workers’ Compensation 10 Market Access · Air 11 · Motor Freight 12 · Rail 13 · Waterway 13 The Tulsa Business Location Data is a publication of: Tulsa Regional Chamber, Economic Development Williams Center Tower I One West Third Street, Suite 100 Tulsa, OK 74103 Ph: 918.585.1201 · 800.624.6822 Fx: 918.585.8386 GrowMetroTulsa.com FACILITIES A customized listing of available properties and sites is available through the Tulsa Regional Chamber’s Economic Development Division: 800.624.6822 or 918.585.1201 INDUSTRIAL BUILDINGS Market size – 78,879,954 sq. ft. Available sq. ft. – 4,326,767, Vacancy -- 5.5% Rental rates – $4.47 to $6.86 sq. ft. triple net 2015 city construction permits – 35 issued for 2,890,100 sq. ft. or $43.6 million INDUSTRIAL MARKET SUMMARY SUBMARKET LEASABLE SQ. FT. VACANT SQ. FT. LEASE RATE $ VACANCY % Northeast 21,858,879 699,484 6.0 3.2 Northwest 13,765,344 151,419 4.47 1.1 South Central 18,134,996 1,614,015 6.40 8.9 Southeast 15,006,532 1,305,568 6.86 8.7 Southwest 10,114,203 556,281 4.78 5.5 Market Total 78,879,954 4,326,767 5.59 5.5 CBRE Oklahoma Tulsa Industrial Mid-Year 2016 & Research Wizard City/County Library Aug. 2016 OFFICE BUILDINGS Market size – 30,224,389 sq. ft. Available sq. ft. – 3,929,171, Vacancy -- 13.0% Average rental rate -- $14.05 2015 city construction permits – 24 issued for 954,000 sq. ft. or $25.8 million OFFICE MARKET SUMMARY SUBMARKET LEASABLE SQ. FT. % VACANT AvAILABLE SQ. FT. AVG. ASKING RENTAL RATE $ CBD 11,112,397 12.1 1,344,600 14.31 Uptown 1,368,879 3.9 53,386 16.55 Midtown 2,506,392 5.3 132,839 14.21 East 4,169,667 12.2 508,699 10.58 North 1,267,372 31.6 400,490 9.86 Southwest 317,009 10.0 31,701 17.63 South 9,482,673 15.0 1,422,401 15.95 Market Total 30,224,389 13.0 3,929,171 14.05 CBRE Oklahoma Office Mid-Year 2016 & Research Wizard, City/County Library Aug. 2016 4 TULSA BUSINESS LOCATION DATA LAND More than 31 developed industrial/business districts Tulsa Port of Catoosa, Tulsa International Airport & Richard Lloyd Jones Jr. Airport ESTIMATED LAND COSTS PER SQUARE FOOT INDUSTRIAL PARK LOW COST $ HIGH COST $ MEDIAN COST $ one acre 1.50 5.00 3.00 1 - 5 acres 1.50 4.00 2.75 5 - 10 acres 0.75 3.00 1.75 10 - 20 acres 0.50 2.00 1.25 20 - 40 acres 0.35 1.00 0.60 over 40 acres 0.25 0.75 0.40 NON-INDUSTRIAL PARK LOW COST $ HIGH COST $ MEDIAN COST $ one acre 1.00 3.00 1.75 1 - 5 acres 0.75 2.50 1.25 5 - 10 acres 0.50 2.00 1.00 10 - 20 acres 0.25 1.50 0.75 20 - 40 acres 0.15 0.75 0.35 over 40 acres 0.10 0.50 0.15 RETAIL LOW COST $ HIGH COST $ MEDIAN COST $ one acre 12.00 25.00 14.00 1 - 5 acres 6.00 15.00 9.00 5 - 10 acres 5.00 10.00 7.00 10 - 20 acres 3.50 5.50 4.50 20 - 40 acres 2.00 4.00 3.00 over 40 acres 1.50 3.00 2.25 CBRE Oklahoma & Research Wizard City/County Library Aug. 2016 RETAIL BUILDINGS Market size – 33,826,565 sq. ft. Available sq. ft. – 1,691,328, Vacancy -- 5.0% Average rental rate (triple net) -- $10.86 2015 city construction permits – 47 issued for 3,776,500 sq. ft. or $47.4 million RETAIL MARKET SUMMARY SUBMARKET RENTAL SQ. FT. VACANT SQ. FT. VACANCY % AvERAGE RATE $ CBD 639,584 31,979 5.0 19.79 Woodland Hills 4,137,851 45,516 1.1 10.34 South Memorial 7,160,468 114,567 1.6 17.25 Midtown 3,541,201 180,601 5.1 15.85 Southwest 2,137,266 141,060 6.6 12.36 Southeast 4,614,023 341,438 7.4 8.68 North 4,061,828 60,927 1.5 12.91 West 2,549,569 178,470 7.0 7.18 East 4,984,775 423,706 8.5 6.97 Total 33,826,565 1,691,328 5.0 10.86 CBRE Oklahoma Tulsa Retail Mid-Year 2016 & Research Wizard, City/County Library Aug. 2016 GROWMETROTULSA.COM 5 UTILITIES ELECTRICITY Provider - Public Service Co. of Oklahoma COMMERCIAL SERVice – TYPICAL MONTHLY BILL Kw Bill Demand 3 6 12 30 50 100 500 Kilowatt Hours 375 750 1,500 6,000 12,500 30,000 150,000 Cost $ 71 96 144 427 1,045 2,234 10,817 INDUSTRIAL SERVice – TYPICAL MONTHLY BILL Kw Bill Demand 150 300 500 1,000 5,000 10,000 -- Kilowatt Hours 30 60 125 350 1,800 3,500 -- Cost $ 2,469 4,619 8,302 19,548 98,097 192,611 -- Tulsa City-County Library/AEP-Public Service Company of Oklahoma, Oct. 2016 NATURAL GAS Provider - Oklahoma Natural Gas Co. COMMERCIAL & INDUSTRIAL SERVice – TYPICAL MONTHLY BILL Dth/Mmbtu Per Month 50* 100** 500** 1,000** 5,000** 10,000** Monthly Cost $ 280 379 1,407 2,747 12,450 24,116 Tulsa City-County Library/Oklahoma Natural Gas, Oct. 2016 * Does not qualify for tranport and is based on ONG’s 12-month average commodity price of $3.732 per Dth plus monthly service fees ** Qualifies for tranport and third party gas. Costs are based on Insdie FERC OGT Index12-month commodity price of $2.06 per Dth plus monthly transport fees. Maximum Daily Quantitiy estimated at flat daily load for 500 Dth/month and above. Large customers should contact ONG for specific costs. Costs for 100 Dth or higher apply to transport customers who purchase gas from a third party supplier, with ONG transporting it for them. One Dekatherm (Dth) of natural gas is equal to one million British thermal units (Btu) dry. WATER & SEWER Provider - City of Tulsa (two city-owned lakes) Capacity / Usage (mgd) Water 200+/100 Sewer 100+/52 COMMERCIAL SERVice – COST PER THOUSAND GALLONS* INDUSTRIAL SERVice – COST PER THOUSAND GALLONS* Water Inside City $3.32 Water Inside City $2.41 Outside City $4.59 Outside City $3.31 Sewer Inside City $6.70 Sewer Inside City $6.70 Outside City $10.94 Outside City $10.94 *Does not reflect monthly meter charge, size based on need Tulsa City-County Library/City of Tulsa, Oct. 2016 6 TULSA BUSINESS LOCATION DATA TELECOMMUNICATIONS Local service providers include AT&T, Verizon, Cox Business Services, Level 3 Communications and Windstream The Tulsa area offers the latest in telecommunications technology including 100 percent fiber and digital switching networks with near instantaneous self-healing capabilities Numerous area Points of Presence GROWMETROTULSA.COM 7 WORK FORCE AREA LABOR FORCE TULSA COUNTY TULSA MSA STATE October 2016 317,035 475,213 1,829,773 October 2015 321,106 480,984 1,854,140 Oklahoma Employment Security Commission WAGE AND SALARY EMPLOYMENT TULSA MSA STATE October 2016 449,200 1,667,100 October 2015 448,200 1,678,500 Oklahoma Employment Security Commission MSA EMPLOYMENT BY SECTOR OCTOBER 2016 OCTOBER 2015 CHANGE Total Non-Farm 449,200 448,200 1,000 Natural Resources & Mining 6,300 6,700 (400) Construction 25,100 23,100 2,000 Manufacturing 44,800 47,800 (3,000) Trade (Wholesale & Retail) 67,100 66,700 400 Transportation, Warehousing & Utilities 21,400 21,900 (500) Financial Activities 23,200 23,400 (200) Information 7,000 6,900 100 Professional & Business Services 58,500 59,100 (600) Education & Health Services 72,100 70,800 1,300 Leisure & Hospitality 43,800 43,000 800 Other Services 18,200 18,000 200 Government 61,700 60,800 900 Oklahoma Employment Security Commission 8 TULSA BUSINESS LOCATION DATA UNEMPLOYMENT RATES PERIOD COUNTY % MSA % STATE % October 2016 4.8 5.1 4.9 2015 Average 4.0 4.2 4.2 2014 Average 4.3 4.5 4.5 2013 Average 5.2 5.4 5.3 2012 Average 5.2 5.4 5.3 Oklahoma Employment Security Commission WAGE RATES 2016 Tulsa MSA Estimate of Annual Median Base Salaries POSITION SALARY $ POSITION SALARY $ Accountant 55,169 Accounting Clerk 33,024 Administrative Assistant 35,613 Aircraft Mechanic 50,321 Bank Teller 24,863 Benefits Analyst 53,355 Bookkeeper 31,992 Chemical Engineer 84,661 Chemical Technician 46,037 Chemist 58,760 Computer Operator 36,976 Computer Programmer 67,210 Computer Programmer, Lead 84,934 Construction Worker 34,393 Controller, Top Corporate* 172,690 Data Entry Operator 26,023 Electrical Engineer 78,102 Electrician, Certified 46,314 Electronics Assembler 29,285 Electronics Technician 52,079 Engineering Technician 49,112 Executive Secretary 39,355 File Clerk 27,283 Fork Lift Operator 28,046 General Clerk 29,513 Heavy Truck Driver 40,171 Internal Auditor 57,710 Janitor 23,575 Light Truck Driver 29,937 Machine Tool Operator 34,226 Machinery Mechanic 45,164 Maintenance Worker 39,636 Market Research Analyst 53,517 Material Handler 29,230 Mechanical Engineer 76,920 Medical Lab Technician 37,033 Millwright 50,809 Office Manager 49,537 Order Clerk 31,579 Payroll Clerk 38,849 PC Specialist 46,583 Personnel Analyst 56,386 Personnel Clerk 36,319 Physicist, PhD 96,840 Production Supervisor 54,330 Receptionist 27,840 Secretary 29,674 Shipping Clerk 32,379 Stationary Engineer 49,015 Systems Analyst 66,834 Systems Analyst, Lead 85,803 Tool & Die Maker 50,884 Warehouse Worker 27,413 Welder 41,523 Economic Research Institute, Jan.