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Business Location Data 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 8 Location & Maps · Median Base Salaries 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 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 – 79,608,517 sq. ft. Available sq. ft. – 3,263,949, Vacancy -- 4.1% Rental rates – $4.14 to $6.01 sq. ft. triple net 2016 city construction permits – 33 issued for 3,017,200 sq. ft. or $45.7 million INDUSTRIAL MARKET SUMMARY SUBMARKET LEASABLE SQ. FT. VACANT SQ. FT. LEASE RATE $ VACANCY % Northeast 21,834,700 873,388 6.01 4.0 Northwest 14,089,580 154,985 4.14 1.1 South Central 18,404,802 1,214,717 4.49 6.6 Southeast 15,162,454 727,798 5.31 4.8 Southwest 10,116,981 303,509 5.50 3.0 Market Total 79,608,517 3,263,949 5.42 4.1 CBRE Oklahoma Tulsa Industrial Mid-Year 2017 & Research Wizard City/County Library Oct. 2017 OFFICE BUILDINGS Market size – 30,479,389 sq. ft. Available sq. ft. – 4,271,743, Vacancy -- 14.0% Average rental rate -- $14.36 2016 city construction permits – 18 issued for 857,100 sq. ft. or $21.5 million OFFICE MARKET SUMMARY SUBMARKET LEASABLE SQ. FT. % VACANT AvAILABLE SQ. FT. AVG. ASKING RENTAL RATE $ CBD 11,112,397 13.4 1,488,587 14.41 Uptown 1,368,879 2.6 35,593 16.52 Midtown 2,506,392 6.7 168,168 14.41 East 4,169,667 13.1 544,951 10.73 North 1,267,372 32.1 406,952 10.01 Southwest 572,009 6.9 39,259 17.82 South 9,482,673 16.7 1,588,233 15.94 Market Total 30,479,389 14.0 4,271,743 14.36 CBRE Oklahoma Office Mid-Year 2017 & Research Wizard, City/County Library Oct. 2017 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 1.75 5.25 3.25 1 - 5 acres 1.75 4.25 3.00 5 - 10 acres 1.00 3.25 2.00 10 - 20 acres 0.75 2.25 1.50 20 - 40 acres 0.60 1.25 0.85 over 40 acres 0.50 1.00 0.65 NON-INDUSTRIAL PARK LOW COST $ HIGH COST $ MEDIAN COST $ one acre 1.10 3.10 1.85 1 - 5 acres 0.85 2.60 1.35 5 - 10 acres 0.60 2.10 1.10 10 - 20 acres 0.35 1.60 0.85 20 - 40 acres 0.25 0.85 0.45 over 40 acres 0.20 0.60 0.25 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 Oct. 2017 RETAIL BUILDINGS Market size – 33,826,565 sq. ft. Available sq. ft. – 1,691,328, Vacancy -- 5.0%* Average rental rate (triple net) -- $9.83* 2016 city construction permits – 37 issued for 2,346,500 sq. ft. or $24.2 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 (No data update for 2017) & Research Wizard, City/County Library Oct. 2017 * Vacancy percent and average rental rate for mid-year 2017 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 $ 63 89 140 441 1,080 2,356 11,483 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 $ 2,465 4,659 8,531 20,581 103,716 203,371 -- Research Wizard, Tulsa City-County Library/AEP-Public Service Company of Oklahoma, Oct. 2017 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 $ 327 445 1,736 3,404 15,737 30,691 Research Wizard, Tulsa City-County Library/Oklahoma Natural Gas, Oct. 2017 * Does not qualify for tranport and is based on ONG’s 12-month average commodity price of $4.64 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 $2.72 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 $3.49 Water Inside City $2.53 Outside City $4.66 Outside City $3.36 Sewer Inside City $7.30 Sewer Inside City $7.30 Outside City $11.92 Outside City $11.92 *Does not reflect monthly meter charge, size based on need Research Wizard, Tulsa City-County Library/City of Tulsa, Oct. 2017 6 TULSA BUSINESS LOCATION DATA TELECOMMUNICATIONS Local service providers include AT&T, Verizon, Cox Business Services, CenturyLink 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 Dec. 2017 323,080 482,323 1,846,462 Dec. 2016 316,411 472,881 1,821,171 Oklahoma Employment Security Commission WAGE AND SALARY EMPLOYMENT TULSA MSA STATE Dec. 2017 454,200 1,681,900 Dec. 2016 445,100 1,686,400 Oklahoma Employment Security Commission MSA EMPLOYMENT BY SECTOR DEC. 2017 DEC. 2016 CHANGE Total Non-Farm 454,200 445,100 9,100 Natural Resources & Mining 5,500 5,600 (100) Construction 24,200 22,000 2,200 Manufacturing 47,700 45,200 2,500 Trade (Wholesale & Retail) 67,700 67,300 400 Transportation, Warehousing & Utilities 24,000 23,400 600 Financial Activities 23,400 23,400 0 Information 7,600 7,400 200 Professional & Business Services 59,100 57,000 2,100 Education & Health Services 73,000 71,100 1,900 Leisure & Hospitality 42,800 44,200 (1,400) Other Services 18,000 17,800 200 Government 61,200 60,700 500 Oklahoma Employment Security Commission UNEMPLOYMENT RATES PERIOD COUNTY % MSA % STATE % Dec. 2017 3.9 4.0 3.9 2016 Average 4.7 5.0 4.9 2015 Average 4.1 4.4 4.4 2014 Average 4.3 4.5 4.5 2013 Average 5.1 5.3 5.3 Oklahoma Employment Security Commission 8 TULSA BUSINESS LOCATION DATA 2018 TULSA MSA ESTIMATE OF ANNUAL MEDIAN BASE SALARIES POSITION SALARY $ POSITION SALARY $ Accountant 60,630 Heavy Truck Driver 42,220 Accounting Clerk 34,857 Insurance Claims Adjuster 50,427 Administrative Assistant 37,520 Internal Auditor 63,159 Aircraft Mechanic 53,839 Janitor 24,768 Automobile Mechanic 41,905 Light Truck Driver 32,191 Benefits Analyst 56,153 Machine Tool Operator 38,232 Biologist 57,611 Machinery Mechanic 46,603 Bookkeeper 34,073 Maintenance Worker 41,424 Buyer/Purchasing Agent 53,490 Market Research Analyst 57,670 Carpenter (Gen. Maintenance) 41,559 Materials Handler 29,304 Cashier 23,199 Mechanical Engineer 82,421 Chemical Engineer 85,744 Medical Lab Technician 37,051 Chemical Technician 48,450 Millwright 49,841 Chemist 66,056 Office Manager 51,573 Civil Engineer 68,067 Order Clerk 32,073 Computer Operator 39,820 Painter 37,224 Computer Programmer 69,473 Payroll Clerk 39,788 Computer Programmer, Lead 87,805 PC Specialist 48,125 Construction Worker 34,773 Personnel Analyst 60,671 Controller, Top Corporate* 178,077 Personnel Clerk 36,925 Corporate Attorney 109,492 Physicist, PhD 101,828 Cost Estimator 61,500 Plumber 48,396 Data Entry Operator 29,430 Production Supervisor 56,555 Dental Assistant 33,463 Property Manager 62,144 Dental Hygienist 61,992 Receptionist 28,361 Drafter 54,261 Registered Nurse 65,768 Electrical Engineer 80,835 Sales Representative 48,953 Electrician, Certified 47,092 Secretary 32,281 Electronics Assembler 31,530 Security Guard 30,331 Electronics Technician 53,859 Shipping Clerk 35,700 Engineering Technician 53,859 Stationary Engineer 53,343 Executive Secretary 43,714 Systems Analyst 70,600 File Clerk 29,778 Systems Analyst, Lead 89,239 Fork Lift Operator 29,657 Tool & Die Maker 52,190 Gate Guard 25,521 Warehouse Worker 27,407 General Clerk 31,591 Welder 42,561 Graphic Designer 49,278 Word Processor 36,017 Economic Research Institute, Feb.
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