Tulsa, Oklahoma, is a thriving city with a growing economy, making it an attractive location for businesses looking to establish or expand their operations. One of the key factors in deciding to set up or relocate a business is finding the right warehouse space. Whether you're in the market for warehouse space for rent or sale, Tulsa offers a variety of options to suit different needs and budgets. In this article, we will explore the current market for warehouse spaces in Tulsa, highlighting key areas to consider, pricing, and what to look for when searching for the perfect space.
Tulsa's Warehouse Market Overview
Tulsa's warehouse market is dynamic, with a mix of old and new facilities available for both rent and sale. The city's strategic location, with easy access to major highways and interstates, makes it an ideal hub for logistics and distribution businesses. According to recent data, the average asking rent for warehouse space in Tulsa is around $0.65 per square foot, with prices ranging from $0.50 to over $1.00 per square foot, depending on the location, size, and amenities of the property.
Types of Warehouse Spaces Available
In Tulsa, you can find a variety of warehouse spaces, including:
- Class A warehouses: These are modern, newly constructed facilities with high ceilings, dock doors, and advanced security systems.
- Class B warehouses: These are older facilities that may require some updates but still offer ample space and good locations.
- Class C warehouses: These are typically smaller, older buildings that might be suitable for smaller operations or businesses with limited budgets.
For businesses looking to purchase warehouse space, Tulsa offers a range of options from $50 to $150 per square foot, depending on the property's condition, size, and location.
| Property Type | Average Price per Sq Ft |
|---|---|
| Class A Warehouse | $80 - $120 |
| Class B Warehouse | $50 - $90 |
| Class C Warehouse | $30 - $60 |
Key Points
- Tulsa's warehouse market offers a range of options for rent and sale, catering to different business needs.
- The average asking rent for warehouse space in Tulsa is around $0.65 per square foot.
- Purchase prices for warehouse space range from $50 to $150 per square foot.
- The city offers strategic access to major highways and interstates, making it ideal for logistics and distribution.
- Working with a local real estate expert can be beneficial in finding the right warehouse space.
Location Considerations
When looking for warehouse space in Tulsa, location is a critical factor. Areas with high visibility and accessibility to major transportation routes are typically in higher demand. Some of the key areas to consider include:
Downtown Tulsa
While not traditionally known for warehouse spaces, downtown Tulsa has seen revitalization efforts and may offer opportunities for businesses looking for a central location.
West Tulsa
This area is known for its industrial parks and offers a range of warehouse spaces for rent and sale.
North Tulsa
North Tulsa provides easy access to the airport and major highways, making it suitable for logistics and distribution businesses.
What to Look for in a Warehouse Space
When evaluating warehouse spaces, consider the following:
- Size and layout: Ensure the space can accommodate your current and future needs.
- Loading and unloading facilities: The number and type of dock doors can significantly impact operations.
- Security: Look for features such as surveillance cameras, alarm systems, and on-site personnel.
- Accessibility: Proximity to major highways and transportation hubs can reduce shipping costs and times.
- Condition and age of the property: Newer properties may offer more efficiency but could come at a higher cost.
What is the average cost of renting warehouse space in Tulsa?
+The average asking rent for warehouse space in Tulsa is around $0.65 per square foot, with prices ranging from $0.50 to over $1.00 per square foot.
What factors should I consider when buying a warehouse in Tulsa?
+When buying a warehouse, consider factors such as location, size, condition of the property, accessibility to transportation, and security features.
Are there any up-and-coming areas in Tulsa for warehouse investment?
+West Tulsa and North Tulsa are areas to watch for warehouse investment, offering a range of spaces and strategic access to transportation routes.
In conclusion, Tulsa offers a vibrant market for warehouse spaces, with options for both rent and sale. By understanding the market, considering location and property features, and working with local experts, businesses can find the ideal warehouse space to support their operations and growth.
