2020 At A Glance

COMMERCIAL REAL ESTATE Oklahoma City’s construction climate, one of the most competitive in the United States, makes building a facility an affordable and viable option. Costs of commercial and industrial construction are significantly lower here than in most areas throughout the Southwest, including Dallas, Houston, Phoenix and Denver, according to the RS Means Square Foot Costs survey. INDUSTRIAL SITES The Greater Oklahoma City Chamber maintains a comprehensive online database, www.okcedis.com , of industrial buildings and sites for the Greater Oklahoma City region. Customized site or building searches, site and building tours or build-to-suit

proposals are available. Office Rental Rates Class A Office Quote

Industrial Rental Rates

Flex/R&D Quote

$9.60 $5.99

$23.02 $18.76 $16.30 $20.08

Warehouse-Distribution Quote

Class B Office Quote Class C Office Quote Central Business District Avg. Quote Suburban Markets Avg. Quote Average Vacancy Rate

Average Vacancy Rate

4.8%

Retail Rental Rates Lease Rates Average Vacancy Rate*

$15.88-$21.12

$9.95-$20.99

9.6%

6.0% *based on weighted avg. lease rates in 19 submarkets

SOURCE: CBRE, COSTAR REPORTS, 2020

Location Factor Index / Commercial Construction

City

Index Value

San Antonio

0.83 0.85 0.85 0.91 0.92 0.96 1.00 1.02 1.06

Oklahoma City

Dallas

Omaha

Indianapolis Cleveland Kansas City Pittsburgh Minneapolis

Chicago 1.19 Source: RSMeans Square Foot Costs, 2020 OKLAHOMA CITY IS 15% BELOW THE NATIONAL AVERAGE

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