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Quick Regional Data
OKC Most Cost-effective Large City
fDi (Foreign Direct Investment) magazine ranked Oklahoma City #1 on its list of most cost-effective large cities in the U.S. (pop. between 500,000 and 1 million), due to factors ranging from economic potential to quality of life and business friendliness.
(April 21, 2009)
Real Estate
INDUSTRIAL MARKET OVERVIEW
|
Region |
Industrial Inventory |
Land Cost Low |
Land Cost High |
Industrial Inventory Vacancy Rate |
Industrial Lease Rate Low |
Industrial Lease Rate High |
Construction Material Cost Index |
Construction Labor Cost Index |
Total |
|
OKC MSA |
9,628,363 |
$2.00 |
$4.50 |
12.0% |
$2.25 |
$5.00 |
97.3 |
61.5 |
82.6 |
Source: NAI Global Market Reports, 2008; Means Construction Index, 2008; Local real estate contacts, 2008.
INDUSTRIAL INVENTORY
|
Region |
Total |
Building Type: Manufacturing |
Building Type: Warehouse |
Building Type: R & D |
|
OKC MSA |
82,000,000 |
28,700,000 |
41,000,000 |
12,300,000 |
Source: SIOR, Comparative Statistics of Office and Industrial Markets, 2006; Local real estate contacts, 2006.
OFFICE MARKET OVERVIEW
|
Region |
Office Inventory Total Square Feet |
Office Inventory Vacant Square Feet |
Office Inventory Vacancy Rate |
Office Lease Rate Low |
Office Lease Rate High |
Construction Material Cost Index |
Construction Labor Cost Index |
Total |
|
OKC MSA |
15,075,457 |
2,196,494 |
14.6% |
$14.91 |
$21.35 |
97.3 |
61.5 |
82.0 |
Source: NAI Global Market Reports, 2008; Means Construction Index, 2008; Local real estate contacts, 2008.
OFFICE INVENTORY
|
Region |
Location: Suburban |
Location: CBD |
|
OKC MSA |
9,906,808 |
5,168,649 |
Source: NAI Global Market Reports, 2008; Local real estate contacts, 2008.