Tulsa Tops The List

In accordance with the Greater Tulsa Association Of Realtors' recent promotion, "It's Good to be in Tulsa," the city has made the top 25 in several lists over the past year. Here is a list compiled by the Home Builders Association of Greater Tulsa:

#2 for home price appreciation (Money Magazine)
#5 Top Places to live (Relocate-America.com)
#8 Most Affordable Homes (Coldwell Banker)
#9 Best Bargain Real Estate Market (MSN)
#9 Most undervalued home market (Global Insight, National City Survey)
#12 Best Places to Build Personal Wealth (Salary.com)
#22 Top City for Jobs 2008 (Forbes)

For more commercial real estate news and information, contact Neil Dailey at McGraw Commercial Properties at 918-853-7337 or ndailey@mcgrawok.com

Industry Stats

The latest industry stats have been released for the national retail real estate sector. First quarter of 2008 shows a sales volume of only $49 billion, down $100 billion from Q1 of 2007 say Real Capital Analytics in Retail Traffic Magazine. Most blame the economy as the reason for the massive pullback by developers and retailers alike.

In regards to rental rates, New York stands alone as the highest per square foot rate for in-line retail space at $133/psf. Next highest is San Francisco at $70/psf. On the home front in Tulsa, average rates are hovering around $20/psf.

For more commercial real estate news and information, call Neil Dailey of McGraw Realtors at 918-853-7337 or email at ndailey@mcgrawok.com.

Inflation Unleashed

As a commercial real estate broker, I get several periodicals about real estate and commercial properties across the country. One of the best publications that I have the chance to read is National Real Estate Investor. In this month's issue, there is a tremendous article about the state of inflation in our country and how it relates to commercial real estate. This article is an easy read for the novice, but still contains detailed information for the true investor. 

Take notice of the two paragraphs, "Effects on Real Estate" and "Selective Buying." Here is the link to the specific article and happy reading!

For more information on commercial real estate sales, leasing or property management, contact Neil Dailey at McGraw Commercial Properties or call 918-388-9588.

Ever Lease Space to the Government?

If you ever aspire to lease space to Ol' Uncle Sam, there are a few things to know before signing on the dotted line, even here in Tulsa. "The GSA or US General Services Administration, the nations largest public real estate organization, provides workspace for more than 1.2 Million federal workers through its Public Buildings Service. Approximately half of the employees are in buildings owned by the federal government and half are located in over 7,100 separate leased properties (including buildings, land, antenna sites, etc.) across the country." The other half of the buildings are ones that are owned by people like you and I.

In order to compete for the US Government to be one of your tenants, there is some competition involved and also an etiquette when submitting a proposed space. If you have a space that you would like to be considered in the latest govermental search, best to visit www.gsa.gov/leasing for more information. That link will cover: 1) Offering Space to the GSA, 2) Submitting a Proposal and Lease Awards and Payments.

For all your commercial real estate questions, contact Neil T. Dailey of McGraw Realtors at 918-853-7337 or at ndailey@mcgrawok.com.