Tulsa has an MSA population of 803,000.  Its population growth since 1990 has averaged 1.3% per year, approximately the same as the national average.  Employment growth in the last year and the last ten  years has exceeded the national average.  Growth by job sector is shown in the bar chart below.  Recent cutbacks in the telecommunications and internet sectors have had an impact on Tulsa which has prided itself in its robust telecommunications industry. Other important industries are computer services and manufacturing, aircraft manufacturing, education, and healthcare.  A chart of the major employment sectors is provided below.

For additional information about the Tulsa economy, the following links may be helpful:

Tulsa's office market consists of 18.8 million square feet of multi-tenant office space in buildings larger than 25,000 square feet. This is exclusive of government and medical buildings. Of this amount, 7.7 million square feet are downtown, and the balance of 11.1 million square feet are in the suburbs. Overall, the suburbs have an occupancy rate of 80%, down from 92% three years ago. Class A and B buildings downtown have an average occupancy rate of 82%, down slightly from three years ago. Current class A asking suburban rent rates range from $15 to $21 per square foot and class B asking suburban rent rates range from $12 to $15 per square foot.  Class A downtown asking rent rates range from $14 to $18 per square foot and class B downtown asking rent rates range from $10 to $13 per square foot.  Rent rates have held steady over the past two years as occupancy rates have dropped. 

Submarkets and Available Space
October, 2002

We have listed below our last five market surveys. Click on the icon below to display a PDF file of the survey.

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