The Tulsa Metropolitan Statistical Area (MSA) comprises seven counties with an aggregate population estimated at 973,692 or 25.1 percent of the population in Oklahoma. Tulsa is a booming metropolitan area known for its high quality of life, low cost of living, pro-business environment, skilled workforce and growing economy. The city is the ideal home for families, individuals and the progressive companies making up Tulsa’s aerospace, health care, energy, technology, manufacturing and transportation, distribution and logistics industries. Some of the nation’s largest companies in key industry sectors make their home in Tulsa because of its central location and its remarkable transportation systems.

Tulsa’s affluent history gives the city a luxurious culture in the arts. From the downtown skyline rich in Art Deco buildings to the historic Philbrook museum, Tulsa offers a wealth of beauty, culture and entertainment. Music lovers can enjoy a concert at the historical Cain’s ballroom or the newly built, award-winning, 565,000 square foot BOK Center, which has recently been noted as one of the top revenue producing arena’s in the world.

The metropolitan area provides residents and visitors with one-of-a-kind shopping experiences. Its luxurious shopping centers and districts each offer unique experiences and wide varieties of retailers. For the sports enthusiast, Tulsa is home to multiple professional and semi-professional sporting franchises. Tulsa sports fans can enjoy a wide variety of sporting events no matter the time of year. Tulsa offers a big-city economic climate with the quality of life only a smaller community can provide, offering the fifth-lowest cost for doing business in the nation.

STRONG ECONOMIC FUNDAMENTALS

  • Pro-business environment with advantageously low costs of living and doing business
  • Fifth-lowest cost of doing business in the U.S.
  • Cost of living is 11% below the national average
  • Diversified economic composition including aerospace
  • Home to the headquarters of seven Fortune 1000 companies
  • Unemployment rate (4.6%) remains in line with the national average (4.5%), seasonally adjusted

HISTORICALLY STABLE OFFICE MARKET FUNDAMENTALS

  • Bolstered by its affordable occupancy costs, increasing industry diversification and central U.S. location
  • Comprised of 27.7 million square feet, including 7.3 million square feet of Class A space and 16.8 million square feet of Class B space
  • Current overall occupancy rate of 86.8% with a five-year average occupancy of 86.1% and a 10-year average of 85.5%
  • Over the last five years, direct net absorption of 1.6 million square feet far exceeds deliveries of 851,000 square feet
  • The market’s overall direct average asking rents of $15.17 per square foot (gross) are up 6.5% year over year

FOR MORE INFORMATION, PLEASE CONTACT:

Chad Freese
+1 312 493 0680
chad.freese@cbre.com

Jordan Thompson
+1 312 416 3063
jordan.thompson@cbre.com

Mary Martin SIOR, CCIM
+1 918 392 7228
mary.martin@cbre.com

Leslie Kirkpatrick Cornell, MBA
+1 918 392 7255
leslie.kirkpatrick@cbre.com

Interested in viewing other properties? Visit CBRE’s Global Listings​ to explore additional availabilities

©2022 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. You should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. All other marks displayed on this document are the property of their respective owners, and the use of such logos does not imply any affiliation with or endorsement of CBRE. Photos herein are the property of their respective owners. Use of these images without the express written consent of the owner is prohibited.