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 26
Incentives 15
Taxes 17 Tulsa Maps
Community Data 17 Area Maps 27
Business Announcements 18
Quality of Life denotes web link
Tulsa MSA Demographics 20
Cost of Living 21
Education 21
Healthcare 23
Local Entertainment 24
Climate 25
Other Facts 26
This page intentionally left blank.
Facilities
A complete listing of available properties and sites can be found in the Tulsa Commercial Properties Magazine available through the Chamber’s Economic Development Division: 800-624-6822 or 918-585-1201.
Industrial Buildings
· Market size – 59,701,174 sq. ft.
· Available sq. ft. – 2,662,848 Vacancy 3.99%
· Rental rates – $3.51 to $5.63 sq. ft. triple net
· 2008 city construction permits – 46 issued for 907,700 sq. ft. or $55.68 million
Industrial Market Summary
Bldg. Size
/ Sq. Footage / Sales Price $ / Lease Rate $ / Vacancy %0 – 4,999 / 1,865,567 / 56.65 / 5.63 / 3.17
5,000 – 9,999 / 4,648,532 / 52.95 / 5.55 / 4.02
10,000 – 19,999 / 7,215,646 / 38.28 / 4.73 / 5.80
20,000 – 39,999 / 8,416,638 / 37.60 / 4.59 / 7.46
40,000 – 59,999 / 5,494,326 / 33.96 / 3.92 / 5.30
60,000 – 99,999 / 5,500,234 / 35.76 / 3.78 / 5.17
100,000 + / 26,560,231 / 22.65 / 3.51 / 9.43
CBRE Oklahoma Tulsa Industrial Mid-Year 2009 & Research Wizard City/County Library July 2009
Office Buildings
· Market size – 21,174,506 sq. ft.
· Available sq. ft. – 4,309,971 Vacancy 20.35%
· Rental rate average $13.14
· 2008 city construction permits – 36 issued for 334,400 sq. ft. or $36.91 million
Office Market Summary
Sub market / Total Sq. Ft. / %Vacant / AvailableSq. Ft. / Weighted Avg. Rental Rate $
CBD
/ 8,275,352 / 22.74 / 1,882,135 / 12.56East / 2,270,103 / 34.38 / 780,489 / 13.37
Midtown / 1,972,405 / 12.46 / 245,740 / 14.35
North Central / 714,871 / 12.82 / 91,647 / 13.43
Northeast / 920,000 / 7.18 / 66,085 / 12.41
South Central / 7,021,775 / 17.71 / 1,243,875 / 13.65
Market Total / 21,174,506 / 20.35 / 4,381,559 / 13.14
CBRE Oklahoma Office Mid-Year 2009 & Research Wizard, City/County Library July 2009
Land
· More than 30 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 / 4.00 / 2.75
1 – 5 Acres / 1.00 / 4.00 / 2.50
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 2009
Retail Buildings
· Market size – 18,740,157 sq. ft.
· Available sq. ft. (Class A-D) – 2,827,907 Vacancy 15.09%
· 2008 city construction permits – 66 issued for 797,700 sq. ft. or $46.95 million
· Weighted average rental rate (Class A-D) – $14.24
Retail Market Summary
Bldg. Class
/ Sq. Footage / Vacant Sq. Ft. / % Vacant / Avg. Rate $A / 7,572,373 / 805,152 / 10.63 / 23.87
B / 4,235,570 / 721,769 / 17.04 / 13.68
C / 5,510,157 / 970,915 / 17.62 / 9.42
D / 1,422,057 / 330,071 / 23.21 / 6.13
Total / 18,740,157 / 2,827,907 / 15.09 / 14.24
CBRE Oklahoma Tulsa Retail Mid-Year 2009 & Research Wizard, City/County Library July 2009
Utilities
Electricity
· Provider – Public Service Co. 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 $ / 53 / 72 / 108 / 320 / 783 / 1,782 / 8,689
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 $ / 1,828 / 3,601 / 7,327 / 10,763 / 54,021 / 105,055 / --
Tulsa City-County Library/Public Service Company of Oklahoma, Oct. 2009
Natural Gas
· Provider – Oklahoma Natural Gas Company
Natural Gas Costs
Commercial & Industrial Service – Typical Monthly Bill*Dth/MMBtu** per month / 50 / 100 / 500 / 1,000 / 5,000 / 10,000
Monthly cost $ / 495 / 517 / 2,147 / 4,235 / 19,677 / 38,800
Tulsa City-County Library/Oklahoma Natural Gas, Oct. 2009
*Large customers should contact ONG for specific costs. Costs for 100 Dth or higher apply to transportation 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 / $2.03
Outside City / $2.97
Sewer / Inside City / $3.56
Outside City / $5.89
Industrial Service – Cost per Thousand Gallons*
Water / Inside City / $1.47
Outside City / $2.11
Sewer / Inside City / $2.23
Outside City / $3.41
*Does not reflect monthly meter charge
Tulsa City-County Library/City of Tulsa, Oct. 2009
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 / StateAug 2009 / 303,496 / 457,125 / 1,784,838
Aug 2008 / 290,091 / 436,570 / 1,747,987
Oklahoma Employment Security Commission
Wage & Salary Employment
Wage & Salary Employment Data
Tulsa MSA / StateAug 2009 / 425,200 / 1,545,000
Aug 2008 / 432,900 / 1,591,400
Oklahoma Employment Security Commission
Employment by Sector
Employment Breakout Tulsa MSA
Aug 2009 / Aug 2008 / ChangeTotal Non-Farm / 425,200 / 432,900 / (7,700)
Natural Resources & Mining / 7,200 / 7,400 / (200)
Construction / 24,100 / 23,400 / 700
Manufacturing / 47,300 / 53,300 / (6,000)
Trade (Wholesale & Retail) / 62,000 / 63,600 / (1,600)
Transportation, Warehousing & Utilities / 21,300 / 22,400 / (1,100)
Financial Activities / 24,200 / 24,700 / (500)
Information / 8,900 / 9,800 / (900)
Professional & Business Services / 60,900 / 64,300 / (3,400)
Education & Health Services / 59,100 / 58,700 / 400
Leisure & Hospitality / 38,500 / 38,300 / 200
Other Services / 19,200 / 18,700 / 500
Government / 52,500 / 48,300 / 4,200
Oklahoma Employment Security Commission
Unemployment Rates
Area Unemployment Rates
Period / County % / MSA % / State %Aug 2009 / 6.8 / 7.1 / 6.6
2008 Avg. / 3.7 / 3.8 / 3.8
2007 Avg. / 3.8 / 3.9 / 4.1
2006 Avg. / 3.9 / 4.0 / 4.1
2005 Avg. / 4.2 / 4.4 / 4.5
Oklahoma Employment Security Commission
Wage Rates
2009 Tulsa OK Estimate of Median Base Salaries
Position / Salary $ / Position / Salary $Accountant / 43,151 / Accounting Clerk / 27,580
Administrative Assistant / 33,608 / Aircraft Mechanic / 45,261
Bank Teller / 21,339 / Benefits Analyst / 41,150
Bookkeeper / 27,276 / Chemical Engineer / 68,022
Chemical Technician / 36,576 / Chemist / 48,641
Computer Operator / 30,690 / Computer Programmer / 56,595
Computer Programmer, Lead / 71,564 / Construction Worker / 27,208
Controller, Top Corporate / 131,518 / Data Entry Operator / 23,045
Electrical Engineer / 62,978 / Electrician, Certified / 40,747
Electronics Assembler / 22,226 / Electronics Technician / 40,281
Engineering Technician / 37,161 / Executive Secretary / 30,965
File Clerk / 22,254 / Fork Lift Operator / 22,085
General Clerk / 27,405 / Heavy Truck Driver / 31,327
Internal Auditor / 50,702 / Janitor / 19,943
Light Truck Driver / 29,111 / Machine Tool Operator / 30,119
Machinery Mechanic / 28,357 / Machinist General / 40,350
Maintenance Helper / 20,214 / Maintenance Worker / 25,540
Market Research Analyst / 47,558 / Material Handler / 24,827
Mechanical Engineer / 60,812 / Medical Lab Technician / 31,146
Office Manager / 44,855 / Payroll Clerk / 31,899
PC Specialist / 42,049 / Personnel Analyst / 43,885
Personnel Clerk / 28,309 / Plumber / 38,999
Production Supervisor / 52,336 / Receptionist / 22,345
Secretary / 26,699 / Shipping Clerk / 26,474
Stationary Engineer / 39,566 / Systems Analyst / 53,019
Systems Analyst, Lead / 72,587 / Tool & Die Maker / 40,248
Warehouse Worker / 23,549 / Welder / 32,935
Economic Research Institute, Feb. 2009
Union Information
Union Membership
2008 / 2007 / 2006 / 2005 / 2004Employment / 447,459 / 391,588 / 391,041 / 396,742 / 348,632
Union Members / 24,548 / 20,410 / 18,719 / 14,006 / 23,843
Percent Unionized / 5.5% / 5.2% / 4.8% / 3.5% / 6.8%
Union Membership and Coverage Database (UnionStats.com), Jul. 2009. Membership includes both private & public sectors.
2008 regional percentage of union membership
Union Membership and Coverage Database (UnionStats.com), July 2009
Economic Development 800-624-6822 www.GrowMetroTulsa.com - Denotes Online Web Link
- 21 -
· Tulsa – 5.5%
· National average – 12.4%
· Albuquerque, NM – 8.9%
· Denver, CO – 8.1%
· Kansas City, MO – 8.8%
· Little Rock, AR – 5.6%
· Louisville, KY – 13.3%
· St. Louis, MO – 14.9%
Economic Development 800-624-6822 www.GrowMetroTulsa.com - Denotes Online Web Link
- 21 -
Petitions
2008 / 2007 / 2006 / 2005 / 2004Petitions / 5 / 0 / 5 / 4 / 5
Wins / 2 / 0 / 2 / 1 / 1
Losses / 3 / 0 / 3 / 3 / 4
Percent of Losses / 60% / 0% / 60% / 75% / 80%
National Labor Relations Board, July 2009
Workers’ Compensation
Jan. 2009
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.oid.state.ok.us (405)522-8680
CompSource OK
State Underwriting
(405)232-7663 or (800)347-3863
This page intentionally left blank.
Market Access
Air (Tulsa Airport Authority, Jan. 2009)
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
· Seven million people served annually
· Non-stop service to 16 cities with an average 69 departures per day
· Seven freight carriers; 2008 air freight – 60,000+ tons
· Fixed base operators, 30 hangars and general aviation services
· U.S. Customs offices
· 12,000+ people employed – American Airlines, EDS, Spirit AeroSystems, Lufthansa and others
· Daily flights on six major airlines
· 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
· Spartan School of Aeronautics and three other flight schools
· Tulsa Technology Center’s aviation campus
· Ten minutes south of downtown
· Home to 500 aircraft and 350+ employees
Motor Freight
· Central location for major distribution centers
· Access to I-44, I-40 & I-35
· One-to-two day delivery time to major cities in West South Central region
· Numerous carriers including FedEx, UPS, Arrow, Melton, Yellow, and others
Road Distance to Major Markets
City / Miles / KilometersAtlanta / 772 / 1,242
Boston / 1,537 / 2,473
Charlotte / 990 / 1,593
Chicago / 683 / 1,099
Cleveland / 925 / 1,488
Dallas / 263 / 423
Denver / 681 / 1,096
Detroit / 909 / 1,463
Houston / 478 / 769
Kansas City / 248 / 399
Los Angeles / 1,452 / 2,336
Memphis / 401 / 645
New Orleans / 647 / 1,041
New York / 1,344 / 2,162
Oklahoma City / 105 / 169
St. Louis / 396 / 637
Seattle / 1,982 / 3,189
San Francisco / 1,760 / 2,832