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Tulsa Business Location Data BUSINESS LOCATION DATA #TULSACHAMBER TULSA BUSINESS LOCATION DATA FACILITIES MARKET ACCESS Industrial Buildings 4 Air 11 Office Buildings 4 Motor Freight 12 Land 5 Rail 13 Retail Buildings 5 Waterway 13 UTILITIES BUSINESS ENVIRONMENT Electricity 6 Largest Employers 14 Natural Gas 6 Incentives 14 Water & Sewer 6 Taxes 16 Telecommunications 7 Community Data 17 Business Announcements 18 WORKFORCE Labor Force 8 QUALITY OF LIFE Wage & Salary Employment 8 Tulsa MSA Demographics 19 Employment by Sector 8 Cost of Living Index 20 Unemployment Rates 8 Education 20 Median Base Salaries 9 Health Care 23 Union Information 10 Culture & Recreation 24 Workers’ Compensation 10 Climate 25 Other Facts 25 LOCATION & MAPS Tulsa & Region Maps 26 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 4 TULSA BUSINESS LOCATION DATA Photo couresty of BSNF Railway INDUSTRIAL BUILDINGS » Market size — 96,394,138 sq. ft. » Available sq. ft. — 3,277,401 Vacancy — 3.4% » Lease rates — $3.41 to $10.03 sq. ft. » 2017 city construction permits — 20 issued for 5,858,200 sq. ft. or $55 million INDUSTRIAL MARKET SUMMARY SUBMARKET LEASABLE SQ. FT. % VACANT AVAILABLE SQ. FT. AVG. ASKING LEASE RATE $ CBD 1,424,194 1.2 17,090 10.03 Central 6,023,616 4.6 277,086 3.41 East 26,686,318 3.8 1,014,080 4.87 North 33,784,202 2.9 979,742 4.63 Southeast 9,567,770 4.9 468,821 3.98 West 18,908,038 2.8 529,425 4.19 Market Total 96,394,138 3.4 3,277,401 4.60 CBRE Oklahoma Tulsa Industrial Q2 2018 & Research Wizard City/County Library Oct. 2018 OFFICE BUILDINGS » Market size — 29,628,162 sq. ft. » Available sq. ft. — 3,820,842 Vacancy — 12.9% » Average lease rate — $15.28 » 2017 city construction permits — 24 issued for 1,222,000 sq. ft. or $25.8 million OFFICE MARKET SUMMARY SUBMARKET LEASABLE SQ. FT. % VACANT AVAILABLE SQ. FT. AVG. ASKING LEASE RATE $ CBD 11,275,037 10.6 1,191,160 15.20 Uptown 1,363,879 3.3 44,391 14.42 Midtown 2,508,034 5.1 126,759 15.27 East 3,315,991 12.1 399,889 13.54 North 1,253,476 32.5 406,830 15.18 Southwest 487,009 9.1 44,453 21.56 South 9,424,736 17.1 1,607,360 15.79 Market Total 29,628,162 12.9 3,820,842 15.28 CBRE Oklahoma Office Q2 2018 & Research Wizard, City/County Library Oct. 2018 GROWMETROTULSA.COM 5 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. 2018 6 TULSA BUSINESS LOCATION DATA RETAIL BUILDINGS » Market size — 44,414,554 sq. ft. » Available sq. ft. — 2,554,824 Vacancy — 5.6% » Average lease rate — $14.70 » 2017 city construction permits — 53 issued for 3,254,000 sq. ft. or $58.3 million RETAIL MARKET SUMMARY SUBMARKET TOTAL SQ. FT. VACANT SQ. FT. VACANCY % AVERAGE LEASE RATE $ CBD 683,693 11,309 1.7 21.63 East 2,155,814 242,950 11.3 11.55 Midtown 3,515,757 57,321 1.6 15.79 North 7,253,748 138,625 1.9 12.77 North Central 4,610,750 506,979 11 16.00 South 3,480,177 103,539 3 19.32 South Central 11,755,766 769,565 6.5 13.55 Southeast 6,071,174 360,472 5.9 12.12 West 4,887,675 360,797 7.4 9.62 Total 44,414,554 2,554,824 5.6 14.70 CBRE Oklahoma Tulsa Retail Q2 2018 & Research Wizard, City/County Library Oct. 2018 GROWMETROTULSA.COM 7 UTILITIES 8 TULSA BUSINESS LOCATION DATA 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 $ 67 96 151 478 1,194 2,605 12,717 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 $ 2,750 5,218 9,533 22,886 115,352 226,320 -- Research Wizard, Tulsa City-County Library/AEP-Public Service Company of Oklahoma, Oct. 2018 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 $ 301 373 1,377 2,685 12,141 23,499 Research Wizard, Tulsa City-County Library/Oklahoma Natural Gas, Oct. 2018 * Does not qualify for tranport and is based on ONG’s 12-month average commodity price of $4.10 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 $2.00 per Dth plus monthly transport fees. Maximum Daily Quantitiy esti- mated 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 $3.61 Water Inside City $2.63 Outside City $4.75 Outside City $3.36 Sewer Inside City $7.96 Sewer Inside City $7.96 Outside City $12.99 Outside City $12.99 *Does not reflect monthly meter charge, size based on need Research Wizard, Tulsa City-County Library/City of Tulsa, Oct. 2018 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 9 WORK 10 TULSA BUSINESS LOCATION DATA AREA LABOR FORCE TULSA COUNTY TULSA MSA STATE May 2019 317,931 473,421 1,831,290 May 2018 321,859 479,432 1,843,360 Oklahoma Employment Security Commission WAGE AND SALARY EMPLOYMENT TULSA MSA STATE May 2019 454,700 1,700,900 May 2018 454,600 1,690,300 Oklahoma Employment Security Commission MSA EMPLOYMENT BY SECTOR MAY 2019 MAY 2018 CHANGE Total Non-Farm 454,700 454,600 100 Natural Resources & Mining 7,200 6,700 500 Construction 25,200 24,400 800 Manufacturing 54,700 54,300 400 Trade (Wholesale & Retail) 64,800 64,800 0 Transportation, Warehousing & Utilities 20,000 18,200 1,800 Financial Activities 23,200 23,200 0 Information 6,900 7,100 (200) Professional & Business Services 58,000 59,300 (1,300) Education & Health Services 71,300 71,300 0 Leisure & Hospitality 45,300 45,800 (500) Other Services 21,100 20,800 300 Government 57,000 58,700 (1,700) Oklahoma Employment Security Commission UNEMPLOYMENT RATES PERIOD COUNTY % MSA % STATE % May 2019 3.0 3.1 3.1 2018 Average 3.5 3.6 3.4 2017 Average 4.3 4.5 4.2 2016 Average 4.7 5.0 4.8 2015 Average 4.1 4.4 4.4 GROWMETROTULSA.COM 11 2019 TULSA MSA ESTIMATE OF ANNUAL MEDIAN BASE SALARIES POSITION SALARY $ POSITION SALARY $ Accountant 61,316 Heavy Truck Driver 42,235 Accounting Clerk 35,876 Insurance Claims Adjuster 52,048 Administrative Assistant 37,742 Internal Auditor 64,346 Aircraft Mechanic 53,372 Janitor 25,099 Bank Teller 28,334 Light Truck Driver 32,320 Benefits Analyst 56,212 Machine Tool Operator 39,579 Biologist 57,907 Machinery Mechanic 46,448 Bookkeeper 35,201 Maintenance Worker 42,425 Buyer/Purchasing Agent 54,883 Market Research Analyst 60,917 Carpenter (Gen. Maintenance) 42,065 Materials Handler 30,340 Cashier 23,335 Mechanical Engineer 84,170 Chemical Engineer 87,943 Medical Lab Technician 37,473 Chemical Technician 48,679 Millwright 49,831 Chemist 66,400 Office Manager 53,210 Civil Engineer 69,134 Order Clerk 33,153 Computer Operator 39,957 Painter 37,458 Computer Programmer 70,855 Payroll Clerk 41,556 Computer Programmer, Lead 89,731 PC Specialist 48,704 Construction Worker 34,995 Personnel Analyst 61,260 Controller, Top Corporate* 188,161 Personnel Clerk 37,337 Corporate Attorney 110,462 Physicist, PhD 102,880 Cost Estimator 63,338 Plumber 50,325 Data Entry Operator 29,716 Production Supervisor 58,289 Dental Assistant 33,714 Property Manager 63,427 Dental Hygienist 63,305 Receptionist 20,093 Drafter 54,243 Registered Nurse 66,737 Electrical Engineer 85,094 Sales Representative 48,815 Electrician, Certified 48,025 Secretary 34,124 Electronics Assembler 31,546 Security to CEO 64,244 Electronics Technician 54,700 Shipping Clerk 35,916 Engineering Technician 54,870 Stationary Engineer 56,268 Executive Secretary 47,163 Systems Analyst 72,482 File Clerk 30,224 Systems Analyst, Lead 88,624 Fork Lift Operator 31,039 Tool & Die Maker 54,523 Gate Guard 26,218 Warehouse Worker 27,923 General Clerk 32,385 Welder 43,024 Graphic Designer 50,237 Word Processor 36,097 Economic Research Institute, Feb.
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