Tulsa Oklahoma Business Relocation Data
Page
Facilities
Industrial Buildings 3
Office Buildings 3
Land 4
Retail Buildings 4
Utilities 5
Workforce
Labor Force 7
Wage & Salary Employment 7
Employment by Sector 7
Unemployment Rates 8
Wage Rates 8
Union Information 9
Workers’ Compensation 9
Market Access
Air 11
Motor Freight 12
Rail 13
Waterway 13
Business Environment Contact Data
Largest Employers 15 Data Update Link 25
Incentives 15
Taxes 17 Tulsa Maps
Community Data 17 Area Maps 26
Business Announcements 18
Quality of Life
Tulsa MSA Demographics 19
Cost of Living Index 20
Education 20
Healthcare 22
Culture & Recreation 23
Climate 24
Other Facts 25
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Facilities
Industrial Buildings
· Market size – 60,592,124 sq. ft.
· Available sq. ft. – 7,306,123 Vacancy 12.06%
· Rental rates – $3.94 to $6.59 sq. ft. triple net
· 2011 city construction permits – 24 issued for 138,700 sq. ft. or $10.48 million
Industrial Market Summary
Bldg. Size
/ Gross Building Sq. Ft. / Sales Price $/Sq. Ft. / Lease Rate $ / Vacancy %0 – 4,999 / 1,870,353 / 57.14 / 6.59 / 5.56
5,000 – 9,999 / 4,710,196 / 52.32 / 5.10 / 9.32
10,000 – 19,999 / 7,225,646 / 40.79 / 4.94 / 10.96
20,000 – 39,999 / 8,466,638 / 38.57 / 4.92 / 17.41
40,000 – 59,999 / 5,539,326 / 41.61 / 4.88 / 10.59
60,000 – 99,999 / 5,639,734 / 27.62 / 4.77 / 12.83
100,000 + / 27,140,231 / 21.61 / 3.94 / 11.74
CBRE Oklahoma Tulsa Industrial Mid-Year 2012 & Research Wizard City/County Library July 2012
Office Buildings
· Market size – 21,560,828 sq. ft.
· Available sq. ft. – 5,164,104 Vacancy 23.95%
· Rental rate average $14.22
· 2011 city construction permits – 16 issued for 790,700 sq. ft. or $72.11 million
Office Market Summary
Sub market / Total Sq. Ft. / %Vacant / AvailableSq. Ft. / Weighted Avg. Rental Rate $
CBD
/ 8,537,919 / 22.37 / 1,909,711 / 13.38East / 2,371,103 / 46.25 / 1,096,649 / 14.19
Midtown / 1,978,406 / 12.91 / 255,482 / 13.09
North Central / 874,351 / 35.60 / 311,227 / 13.09
Northeast / 920,000 / 10.55 / 97,030 / 11.03
South Central / 6,879,041 / 21.72 / 1,494,005 / 15.95
Market Total / 21,560,820 / 23.95 / 5,164,104 / 14.22
CBRE Oklahoma Office Mid-Year 2012 & Research Wizard, City/County Library July 2012
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 / 9.00 / 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 / 4.50 / 6.00 / 5.00
20 – 40 Acres / 4.00 / 5.00 / 4.50
Over 40 Acres / 2.50 / 5.00 / 3.50
CBRE Oklahoma & Research Wizard, Tulsa City/County Library July 2012
Retail Buildings
· Market size – 18,888,670 sq. ft.
· Available sq. ft. (Class A-D) – 2,605,965 Vacancy 13.80%
· 2011 city construction permits – 46 issued for 495,000 sq. ft. or $38.79 million
· Weighted average rental rate (Class A-D) – $11.51
Retail Market Summary
Bldg. Class
/ Sq. Footage / Vacant Sq. Ft. / % Vacant / Avg. Rate $A / 7,886,361 / 534,724 / 6.78 / 20.61
B / 4,391,121 / 842,495 / 19.19 / 10.75
C / 5,278,805 / 1,094,333 / 20.77 / 8.48
D / 1,343,183 / 134,413 / 10.01 / 6.20
Total / 18,888,670 / 2,605,965 / 13.80 / 11.51
CBRE Oklahoma Tulsa Retail Mid-Year 2012 & Research Wizard, City/County Library July 2012
Utilities
Electricity
· Provider – Public Service Company of Oklahoma
Electricity Costs
Commercial Service – Typical Monthly BillkW Bill Demand / 3 / 6 / 12 / 30 / 50 / 100 / 500
Kilowatt Hours / 375 / 750 / 1,500 / 6,000 / 12,500 / 30,000 / 150,000
Cost $ / 59 / 82 / 127 / 419 / 960 / 2,200 / 10,758
Industrial Service – Typical Monthly Bill
kW Bill Demand / 150 / 300 / 500 / 1,000 / 5,000 / 10,000 / --
Megawatt Hours / 30 / 60 / 125 / 350 / 1,800 / 3,500 / --
Cost $ / 2,252 / 4,445 / 9,063 / 16,338 / 81,879 / 160,804 / --
Tulsa City-County Library/AEP-Public Service Company of Oklahoma, Oct. 2012
Natural Gas
· Provider – Oklahoma Natural Gas Company
Natural Gas Costs
Commercial & Industrial Service – Typical Monthly BillDth/MMBtu per month / 50* / 100** / 500** / 1,000** / 5,000** / 10,000**
Monthly cost $ / 337 / 444 / 1,785 / 3,511 / 16,056 / 31,562
Tulsa City-County Library/Oklahoma Natural Gas, Oct. 2012
* Does not qualify for transport and is based on ONG’s 12-month average commodity price of $5.89 per Dth plus monthly service fees.
** Qualifies for transport and third party gas. Costs are based on ONEOK Gas Transmission’s 12-month commodity price of $3.96 per Dth plus monthly transport fees as well as a usage profile representing a load factor of 78%.
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
Water & Sewer Costs
Commercial Service – Cost per Thousand Gallons*Water / Inside City / $2.48
Outside City / $3.68
Sewer / Inside City / $4.71
Outside City / $7.70
Industrial Service – Cost per Thousand Gallons*
Water / Inside City / $1.81
Outside City / $2.66
Sewer / Inside City / $4.71
Outside City / $7.70
*Does not reflect monthly meter charges based on size needed
Tulsa City-County Library/City of Tulsa, Oct. 2012
Telecommunications
· Local service providers include AT&T, Verizon, Cox Business Services, TW Telecom, EasyTEL 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
· Five area Points of Presence
Workforce
Labor Force
Area Labor Force
Tulsa County / Tulsa MSA / StateOct. 2012 / 297,515 / 449,229 / 1,827,140
Oct. 2011 / 292,355 / 441,316 / 1,785,659
Oklahoma Employment Security Commission
Wage & Salary Employment
Wage & Salary Employment Data
Tulsa MSA / StateOct. 2012 / 422,100 / 1,615,600
Oct. 2011 / 414,200 / 1,573,200
Oklahoma Employment Security Commission
Employment by Sector
Employment Breakout Tulsa MSA
Oct. 2012 / Oct. 2011 / ChangeTotal Non-Farm / 422,100 / 414,200 / 7,900
Natural Resources & Mining / 7,800 / 7,700 / 100
Construction / 23,100 / 21,000 / 2,100
Manufacturing / 50,700 / 46,800 / 3,900
Trade (Wholesale & Retail) / 59,400 / 59,800 / (400)
Transportation, Warehousing & Utilities / 21,100 / 20,700 / 400
Financial Activities / 22,000 / 22,100 / (100)
Information / 7,900 / 8,100 / (200)
Professional & Business Services / 55,700 / 56,400 / (700)
Education & Health Services / 62,800 / 61,300 / 1,500
Leisure & Hospitality / 36,800 / 37,400 / (600)
Other Services / 16,300 / 16,600 / (300)
Government / 58,500 / 56,300 / 2,200
Oklahoma Employment Security Commission
Unemployment Rates
Area Unemployment Rates
Period / County % / MSA % / State %Oct. 2012 / 5.5 / 5.6 / 5.2
2011 Avg. / 6.7 / 6.9 / 6.2
2010 Avg. / 7.5 / 7.7 / 6.9
2009 Avg. / 6.8 / 7.1 / 6.7
2008 Avg. / 3.6 / 3.7 / 3.7
2007 Avg. / 3.9 / 4.0 / 4.1
Oklahoma Employment Security Commission
Wage Rates
2012 Tulsa MSA Estimate of Median Base Salaries
Position / Salary $ / Position / Salary $Accountant / 46,340 / Accounting Clerk / 29,805
Administrative Assistant / 34,893 / Aircraft Mechanic / 48,129
Bank Teller / 23,329 / Benefits Analyst / 45,339
Bookkeeper / 29,629 / Chemical Engineer / 72,402
Chemical Technician / 39,592 / Chemist / 46,553
Computer Operator / 33,174 / Computer Programmer / 59,425
Computer Programmer, Lead / 78,964 / Construction Worker / 29,237
Controller, Top Corporate / 150,243 / Data Entry Operator / 24,068
Electrical Engineer / 67,865 / Electrician, Certified / 45,548
Electronics Assembler / 25,201 / Electronics Technician / 42,406
Engineering Technician / 43,152 / Executive Secretary / 36,058
File Clerk / 25,186 / Fork Lift Operator / 25,471
General Clerk / 28,079 / Heavy Truck Driver / 35,349
Internal Auditor / 51,122 / Janitor / 22,116
Light Truck Driver / 29,170 / Machine Tool Operator / 31,249
Machinery Mechanic / 31,429 / Maintenance Worker / 28,846
Market Research Analyst / 46,960 / Material Handler / 26,025
Mechanical Engineer / 64,910 / Medical Lab Technician / 33,217
Millwright / 44,847 / Office Manager / 45,498
Order Clerk / 28,585 / Payroll Clerk / 34,257
PC Specialist / 43,174 / Personnel Analyst / 47,381
Personnel Clerk / 31,629 / Physicist, PhD / 87,491
Production Supervisor / 53,449 / Receptionist / 25,250
Secretary / 27,836 / Shipping Clerk / 28,187
Stationary Engineer / 41,056 / Systems Analyst / 57,251
Systems Analyst, Lead / 78,162 / Tool & Die Maker / 45,953
Warehouse Worker / 24,328 / Welder / 35,417
Economic Research Institute, Feb. 2012
Union Information
Union Membership
2011 / 2010 / 2009 / 2008 / 2007Employment / 415,158 / 423,400 / 412,115 / 447,459 / 391,588
Union Members / 29,399 / 25,041 / 29,509 / 24,548 / 20,410
Percent Unionized / 7.1% / 5.9% / 7.2% / 5.5% / 5.2%
Union Membership and Coverage Database (UnionStats.com), Jul. 2012. Membership includes both private & public sectors
2011 regional percentage of union membership
Union Membership and Coverage Database (UnionStats.com), July 2012
Tulsa Regional Chamber Economic Development 800-624-6822 www.GrowMetroTulsa.com
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· Tulsa – 7.1%
· National average – 11.8%
· Albuquerque, NM – 7.7%
· Denver, CO – 8.7%
· Kansas City, MO – 11.7%
· Little Rock, AR – 4.0%
· Louisville, KY – 11.3%
· St. Louis, MO – 13.5%
Tulsa Regional Chamber Economic Development 800-624-6822 www.GrowMetroTulsa.com
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Petitions
2011 / 2010 / 2009 / 2008 / 2007Petitions / 4 / 4 / 1 / 5 / 0
Wins / 2 / 2 / 1 / 2 / 0
Losses / 2 / 2 / 0 / 3 / 0
Percent of Losses / 50% / 50% / 0% / 60% / 0%
National Labor Relations Board, July 2012
Workers’ Compensation
Research Wizard City County Library, Jan. 2012
Rates are only quoted by job code. Oklahoma offers three options for insurance:
Private carrier (for list of private carriers) Self insurance
Oklahoma Insurance Commissioner’s Office Okla. Worker’s Compensation Court
Property & Casualty Rates Division Insurance Department
(405)521-3681 or www.ok.gov/oid (405)522-8680
CompSource OK
State Underwriting
(405)232-7663 or (800)347-3863
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Market Access
Air (Tulsa Airport Authority, Jan. 2012)
Tulsa International
· Located on 4,000+ acres – 700+ acres available for development
· Ten minutes from most points in the city including downtown and Port of Catoosa
· 22 gates and three runways – 10,000, 7,700 and 6,100 feet in length
· Approximately five million people served annually
· Non-stop service to 16 cities with an average 60+ departures per day
· Three freight carriers; 2011 air freight – 54,000+ tons
· Fixed base operators, 30 hangars and general aviation services
· U.S. Customs offices
· 12,000+ people employed – American Airlines, HP Enterprise Services, Spirit AeroSystems, Lufthansa and others
· Daily flights on American, Delta, Southwest & United
· Current flight information can be found here: Tulsa Airport Authority
Richard Lloyd Jones Jr.
· 700-acre facility with three runways – 5,100, 4,200 and 2,800 feet in length
· Two fixed-base operators with six hangars for 70 aircraft
· 211 commercial and private hangars with room for expansion