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Ben Ganzkow Ben Ganzkow CBRE|Oklahoma CBRE|Oklahoma

Trends 2013 updated 10-23 1 · Lease Rates $10.32 ↓ ↓ Quick Stats. Multi Tenant Construction. Tulsa OKC Vacancy 12.68% 8.73% Net Absorption 265.7K 141K Construction 135K 355K

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Page 1: Trends 2013 updated 10-23 1 · Lease Rates $10.32 ↓ ↓ Quick Stats. Multi Tenant Construction. Tulsa OKC Vacancy 12.68% 8.73% Net Absorption 265.7K 141K Construction 135K 355K

Ben Ganzkow Ben Ganzkow CBRE|OklahomaCBRE|Oklahoma

Page 2: Trends 2013 updated 10-23 1 · Lease Rates $10.32 ↓ ↓ Quick Stats. Multi Tenant Construction. Tulsa OKC Vacancy 12.68% 8.73% Net Absorption 265.7K 141K Construction 135K 355K

MY 2013 CurrentYear End

2012Mid Year

2012

Vacancy 12.68% ↓ ↓

Net Absorption 265.7K ↑ ↑

Construction 135,000 SF ↑ ↑

Lease Rates $10.32 ↓↓

Quick StatsQuick Stats

Page 3: Trends 2013 updated 10-23 1 · Lease Rates $10.32 ↓ ↓ Quick Stats. Multi Tenant Construction. Tulsa OKC Vacancy 12.68% 8.73% Net Absorption 265.7K 141K Construction 135K 355K
Page 4: Trends 2013 updated 10-23 1 · Lease Rates $10.32 ↓ ↓ Quick Stats. Multi Tenant Construction. Tulsa OKC Vacancy 12.68% 8.73% Net Absorption 265.7K 141K Construction 135K 355K
Page 5: Trends 2013 updated 10-23 1 · Lease Rates $10.32 ↓ ↓ Quick Stats. Multi Tenant Construction. Tulsa OKC Vacancy 12.68% 8.73% Net Absorption 265.7K 141K Construction 135K 355K

Multi Tenant ConstructionMulti Tenant Construction

Page 6: Trends 2013 updated 10-23 1 · Lease Rates $10.32 ↓ ↓ Quick Stats. Multi Tenant Construction. Tulsa OKC Vacancy 12.68% 8.73% Net Absorption 265.7K 141K Construction 135K 355K
Page 7: Trends 2013 updated 10-23 1 · Lease Rates $10.32 ↓ ↓ Quick Stats. Multi Tenant Construction. Tulsa OKC Vacancy 12.68% 8.73% Net Absorption 265.7K 141K Construction 135K 355K
Page 8: Trends 2013 updated 10-23 1 · Lease Rates $10.32 ↓ ↓ Quick Stats. Multi Tenant Construction. Tulsa OKC Vacancy 12.68% 8.73% Net Absorption 265.7K 141K Construction 135K 355K

Tulsa OKC

Vacancy 12.68% 8.73%

Net Absorption 265.7K 141K

Construction 135K 355K

Lease Rates $10.32 $11.10

Page 9: Trends 2013 updated 10-23 1 · Lease Rates $10.32 ↓ ↓ Quick Stats. Multi Tenant Construction. Tulsa OKC Vacancy 12.68% 8.73% Net Absorption 265.7K 141K Construction 135K 355K
Page 10: Trends 2013 updated 10-23 1 · Lease Rates $10.32 ↓ ↓ Quick Stats. Multi Tenant Construction. Tulsa OKC Vacancy 12.68% 8.73% Net Absorption 265.7K 141K Construction 135K 355K
Page 11: Trends 2013 updated 10-23 1 · Lease Rates $10.32 ↓ ↓ Quick Stats. Multi Tenant Construction. Tulsa OKC Vacancy 12.68% 8.73% Net Absorption 265.7K 141K Construction 135K 355K
Page 12: Trends 2013 updated 10-23 1 · Lease Rates $10.32 ↓ ↓ Quick Stats. Multi Tenant Construction. Tulsa OKC Vacancy 12.68% 8.73% Net Absorption 265.7K 141K Construction 135K 355K

Sprouts Sprouts

101st & Memorial101st & Memorial

Page 13: Trends 2013 updated 10-23 1 · Lease Rates $10.32 ↓ ↓ Quick Stats. Multi Tenant Construction. Tulsa OKC Vacancy 12.68% 8.73% Net Absorption 265.7K 141K Construction 135K 355K

Sprouts Sprouts

41st & Harvard41st & Harvard

Page 14: Trends 2013 updated 10-23 1 · Lease Rates $10.32 ↓ ↓ Quick Stats. Multi Tenant Construction. Tulsa OKC Vacancy 12.68% 8.73% Net Absorption 265.7K 141K Construction 135K 355K

Natural Natural

Grocers Grocers

Page 15: Trends 2013 updated 10-23 1 · Lease Rates $10.32 ↓ ↓ Quick Stats. Multi Tenant Construction. Tulsa OKC Vacancy 12.68% 8.73% Net Absorption 265.7K 141K Construction 135K 355K
Page 16: Trends 2013 updated 10-23 1 · Lease Rates $10.32 ↓ ↓ Quick Stats. Multi Tenant Construction. Tulsa OKC Vacancy 12.68% 8.73% Net Absorption 265.7K 141K Construction 135K 355K
Page 17: Trends 2013 updated 10-23 1 · Lease Rates $10.32 ↓ ↓ Quick Stats. Multi Tenant Construction. Tulsa OKC Vacancy 12.68% 8.73% Net Absorption 265.7K 141K Construction 135K 355K

9 Reported Multi-Tenant Sales (Through Oct.)

Total Volume $84 M

Top 3 Sales

Smith Farm Marketplace $49 M (Owasso)

Tulsa Promenade $12.3 M (Distressed)

Gold’s Gym Center $10.2 M (66th & Memorial)

Page 18: Trends 2013 updated 10-23 1 · Lease Rates $10.32 ↓ ↓ Quick Stats. Multi Tenant Construction. Tulsa OKC Vacancy 12.68% 8.73% Net Absorption 265.7K 141K Construction 135K 355K
Page 19: Trends 2013 updated 10-23 1 · Lease Rates $10.32 ↓ ↓ Quick Stats. Multi Tenant Construction. Tulsa OKC Vacancy 12.68% 8.73% Net Absorption 265.7K 141K Construction 135K 355K

Post “Great Recession” – gradual increase

Make up for lost ground

City of Tulsa – Retailer incentives

Page 20: Trends 2013 updated 10-23 1 · Lease Rates $10.32 ↓ ↓ Quick Stats. Multi Tenant Construction. Tulsa OKC Vacancy 12.68% 8.73% Net Absorption 265.7K 141K Construction 135K 355K

Outside “Four-wall” Sale Performance

Mobile + Online+ In Store

E-Commerce retail sales, growing annually 17%

“Right Sizing”