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Tulsa Retail Market Presenter: Bob Parker, CCIM President.

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Presentation on theme: "Tulsa Retail Market Presenter: Bob Parker, CCIM President."— Presentation transcript:

1 Tulsa Retail Market Presenter: Bob Parker, CCIM President

2 Retail Vacancy Tulsa Vacancy Rate – Downward Trend

3 Retail Absorption Tulsa Absorption Rates

4 Retail Rental Rates Tulsa Quoted Rental Rates

5 Retail Construction Under Construction 2016 – 520,541 SF Tulsa 2015 New Construction Deliveries

6 Notable Deals Owasso Sam’s Club Broken Arrow Sprouts Brookside Reasor’s South Tulsa 10 Gym in former Food Pyramid (81 st & Yale) 2015 West Tulsa Gander Mountain Main Event Aldi in The Walk More d*!# chicken places!

7 Departing Tulsa? Leaving in 2016? Sears – just announced closing 50 stores nationwide JcPenny’s? Macy’s? Barnes & Noble? Office Depot?

8 Coming in 2016 Costco Trader Joe’s –With 7,000 sf additional retail at $38 PSF! Carmike 12 screen at The Walk at Tulsa Hills Crestwood Crossing – NW corner of 121 st & Sheridan –30,000 sf Hobby Lobby/Mardel relocate to former K-Mart at 51 st & Harvard –What backfills their spaces? Entering Tulsa

9 Future Development Outlet Malls – Who wins? My bet is Jenks with REI going there also Santa Fe Square – 80,000 sf in Blue Dome District Ross and Hobby Lobby relocating from 101 st & Elm in Broken Arrow to Hillside Drive/Shoppes at Broken Arrow What backfills their spaces? Proposed/Planned developments and/or good rumors: MORE……

10 Future Development Nickel Creek – NW corner of 81 st & Hwy 75 60,000 sf of retail/restaurant Proposed/Planned developments and/or good rumors: Claremore Plaza Walman may actually get that sold and developed! Nickel Creek 101 st & Memorial former Food Pyramid

11 The Unknown What are they doing in Utica Square with the Petty’s and Miss Jackson’s spaces? How much retail sales dollars can the city of Tulsa chase off? Great Mysteries:

12 Thank you


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