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Tulsa Office Market Jared Andresen

Tulsa Office Market Jared Andresen. Tulsa Office Market Vacancy All Classes of Space. US Office Market Vacancy All Classes of Space. US Office Market Vacancy vs. Tulsa Office Market All Classes of Space. Tulsa Office Market Vacancy by Class.

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Tulsa Office Market Jared Andresen

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  1. Tulsa Office MarketJared Andresen

  2. Tulsa Office Market VacancyAll Classes of Space

  3. US Office Market VacancyAll Classes of Space

  4. US Office Market Vacancy vs. Tulsa Office MarketAll Classes of Space

  5. Tulsa Office Market Vacancy by Class

  6. Tulsa Market Class A Asking Rental RateWeighted Average, $$/SF/YR FSG

  7. US Market Class A Asking Rental RateWeighted Average, $$/SF/YR FSG

  8. US Office Market Average Lease TermAll Classes of Space

  9. Tulsa Office Market Major TransactionsSignificant Leases • Dayco - 4500 Exchange Center - 20K SF • INCOG - Williams Center - 20K SF • Workforce Oklahoma - Eastgate - 22K SF • Petrohawk - Warren Place - 23K SF • TD Williams - Warren Place – 23,000 SF • Summit Club - Bank of America - 30K SF • PAETEC - Williams Center - 40K SF • Alorica - Eastgate - 40K SF • SEM Group - renewed and extended – 72,500 SF

  10. Tulsa Office Market Major TransactionsSales February, 2009 Blue Cross Blue Shield 1401 S. Boulder 38,780 s.f. $42.55 s.f. $1,650,000 March, 2009 Open World Garden 5537 S. Lewis Avenue 23,974 s.f. $20.86 s.f. $500,000

  11. Tulsa Office Market Major TransactionsSales August, 2009 Geotrend Building 201 S. Cheyenne Avenue 32,446 s.f. $27.74 s.f. $900,000 September, 2009 Merit Corporate Park 4500 S. 129th E. Avenue 589,861 s.f. $11.87 s.f. $7,000,000

  12. Tulsa Office Market Major TransactionsSales September, 2009 Harvard Gardens 4520 S. Harvard Avenue 25,266 s.f. $81.04 s.f. $2,047,445 October, 2009 First Baptist Church 424 S. Detroit 63,000 s.f. $7.94 s.f. $500,000

  13. Tulsa Office Market Major TransactionsSales December, 2009 SpiritBank Tower Complex 1802 S. Baltimore Avenue 137,767 s.f. $47.18 s.f. $6,500,000

  14. Tulsa Office MarketHighlights BOk Center

  15. Tulsa Office MarketHighlights

  16. Tulsa Office MarketHighlights Summit Club

  17. Tulsa Office MarketHighlights Arena Football 1 moves HQ to Tulsa

  18. Tulsa Office MarketHighlights Tulsa WNBA Team “Shock” Established

  19. Tulsa Office MarketHighlights St. John Broken Arrow

  20. Tulsa Office Market Major Transactions2010 – 2011 Forecast WINNERS • Solid and sophisticated tenants • Well positioned landlords – staying power • Capital – all groups • Maintaining confidence – We will be out of this soon!!

  21. Tulsa Office MarketQuestions and Answers Q & A SESSION JAREDWALKING

  22. Tulsa Office MarketQuestions and Answers QUESTION: “Does your research show that the numerous Obama stimulus packages will trigger significant new construction of Class A office space in Tulsa in 2010?” Scott Morgan

  23. Tulsa Office MarketQuestions and Answers

  24. Tulsa Office MarketQuestions and Answers QUESTION: “Based on your earlier charts and graphs it seems to me that the absorption rate for all classes of office space might be in for a major upward trend this year following Obama’s new health care reform bill.” Jason Kennon

  25. Tulsa Office MarketQuestions and Answers

  26. Tulsa Office MarketQuestions and Answers QUESTION: “Does your firm think, based on your national and regional analytics, that Tulsa’s market rents will increase enough this year to support new construction?” Victor Wandres

  27. Tulsa Office MarketQuestions and Answers

  28. Tulsa Office Market2010 Update Thank you! Jared Andresen Managing Director

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