OKC Retail

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Incentive Info Incentives will be considered for retailers with the following criteria: Destination retail project – offering a product or good unique to the market, minimum of $20 million annual sales Regional retail project – 250,000 sq. feet of net usable retail space, attracts 50 percent of customers from outside 25-mile radius of OKC Underserved area – at least 5,000 sq. feet and offering an essential product that improves quality of life for residents / businesses in the area Redevelopment area – at least 5,000 sq. feet located in an area pre-determined by a public process to require strategic development Other restrictions may apply. Please contact Tammy Fate ([email protected]) for more info. Did you know? Oklahoma City serves as headquarters for some of the nation’s fastest-growing retailers. We’re here to help you find the retail success that so many others have found in Oklahoma City. Whether it’s site location assistance, demographics, incentive questions, or even just a chat, we’re here for you. Contact us: Greater Oklahoma City Chamber Tammy Fate, Manager of Retail Development and Recruitment 405-297-8958 [email protected] www.okcretail.com 1.32 million MSA population 3.7% unemployment (Jan. 2015) 1.52% annual population growth rate 1.55% annual HH growth rate 3.29% annual income growth rate 19.3% population growth since 2000 Cost of living index 89.1 $68,175 average HH income $46,076 median HH income 86,946 households with > $100,000 HH income 34.8% college grads 18 colleges and universities 125,000 college students Average commute time: < 20 mins. People Power Oklahoma City was recently cited as a top 10 location in the country for millennials by Forbes and the Huffington Post, among others. “The great thing about being in Oklahoma City is that the economy is very stable, it is in a growth mode, and you’ve got a great pool of people to hire. You don’t have the ups and downs that you have in other parts of the country. You sort of know what to expect, and the City is always a great partner when trying to bring new businesses to Oklahoma City.” - Scott Sutherland, VP Asset Management, Quail Springs Mall: General Growth Properties “We’ve enjoyed a great partnership with Oklahoma City and have appreciated the strong community support in the area. This combination has allowed us to move forward with our plans to establish the premier destination for upscale shopping and dining in the market.” - Michael P. Glimcher, Chief Executive Officer, WP Glimcher

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Transcript of OKC Retail

Page 1: OKC Retail

Incentive Info

Incentives will be considered for retailers with the following criteria:

• Destination retail project – offering a product or good unique to the market, minimum of $20 million annual sales

• Regional retail project – 250,000 sq. feet of net usable retail space, attracts 50 percent of customers from outside 25-mile radius of OKC

• Underserved area – at least 5,000 sq. feet and offering an essential product that improves quality of life for residents / businesses in the area

• Redevelopment area – at least 5,000 sq. feet located in an area pre-determined by a public process to require strategic development

Other restrictions may apply. Please contact Tammy Fate ([email protected]) for more info.

Did you know? Oklahoma City serves as headquarters for some of the nation’s fastest-growing retailers.

We’re here to help you find the retail success that so many others have found in Oklahoma City. Whether it’s site location assistance, demographics, incentive questions, or even just a chat, we’re here for you.

Contact us:

Greater Oklahoma City ChamberTammy Fate, Manager of Retail Development and [email protected]

• 1.32millionMSApopulation• 3.7%unemployment(Jan.2015)• 1.52%annualpopulationgrowthrate• 1.55%annualHHgrowthrate• 3.29%annualincomegrowthrate• 19.3%populationgrowthsince2000• Costoflivingindex89.1• $68,175averageHHincome• $46,076medianHHincome• 86,946householdswith>$100,000HHincome• 34.8%collegegrads• 18collegesanduniversities• 125,000collegestudents• Averagecommutetime:<20mins.

People Power

Oklahoma City was recently cited as a top 10 location in the country for millennials by Forbes and the Huffington Post, among others.

“The great thing about being in Oklahoma City is that the economy is very stable, it is in a growth mode, and you’ve got a great pool of people to hire. You don’t have the ups and downs that you have in other parts of the country. You sort of know what to expect, and the City is always a great partner when trying to bring new businesses to Oklahoma City.” - Scott Sutherland, VP Asset Management, Quail Springs Mall: General Growth Properties

“We’ve enjoyed a great partnership with Oklahoma City and have appreciated the strong community support in the area. This combination has allowed us to move forward with our plans to establish the premier destination for upscale shopping and dining in the market.”- Michael P. Glimcher, Chief Executive Officer, WP Glimcher

Page 2: OKC Retail

Recent OKC Market Arrivalsand Announcements• Whole Foods Market• West Elm• Anthropologie• Cabela’s• H&M• TopGolf

OKC’s Diverse Economy

Oklahoma City’s diverse economy features multiple drivers powering our continued growth. Our largest industry sectors include aerospace, biotechnology, energy, and government.

• Aerospace – One in 10 employees derives income from the aviation industry in Oklahoma, with a total industrial output of $12.5 billion per year. Oklahoma City boasts more than 300 aerospace firms and 38,000 workers making more than $2.36 billion in income annually. Major employers include The Boeing Company, Northrup Grumman, Rockwell Collins, Field Aerospace (formerly ARINC), Lockheed Martin, Tinker Air Force Base, the FAA’s Mike Monroney Aeronautical Center, AAR and more.

• Biotechnology – Oklahoma City biotech firms boast annual revenues of more than $4.1 billion and employ more than 27,800 workers with annual compensation of $1.5 billion. Major bio employers include INTEGRIS Health, the University of Oklahoma Health Sciences Center, SSM Health Care, Mercy Hospital, OU Medical Center, Oklahoma Medical Research Foundation, Cytovance Biologics, Dean McGee Eye Institute, and more.

Midwest City andDel City

Lake Hefner

Arcadia Lake

Arcadia Lake

Lake Stanley Draper

Lake Stanley Draper

The Oklahoma RiverThe Oklahoma River

Lake Overholser

Lake Overholser

Moore and Norman

Edmond

Spencer

Yukon

Piedmont

Stinchcomb Wildlife Refuge

Stinchcomb Wildlife Refuge

Nichols HillsNichols Hills

The VillageThe Village

BethanyBethany

Warr AcresWarr Acres

MustangWill Rogers

World Airport

Will Rogers World Airport

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NE 60th St.NE 60th St.

E Britton Rd.E Britton Rd.

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SW 59th St.SW 59th St.

SW 89th St.SW 89th St.

SW 104th St.SW 104th St.

SW 119th St.SW 119th St.

SW 134th St.SW 134th St.

SW 149th St.SW 149th St.

E Memorial Rd.E Memorial Rd.

E Memorial Rd./Quail SpringsE Memorial Rd./Quail Springs

NW ExpresswayNW Expressway

Westgate/Outlet mallWestgate/Outlet mall

Penn SquarePenn Square

Classen Curve/Western Ave.Classen Curve/Western Ave.

DowntownDowntown

I-240 CorridorI-240 Corridor

• Energy – Despite representing only 2.46% of the total employment base, Oklahoma City is rapidly becoming known as America’s new energy HQ. Besides big names like Devon, Chesapeake, Continental Resources, OGE Energy and SandRidge, GE is currently constructing its first industry-specific global research center downtown, bringing some 2,200 additional scientists and engineers to join OKC’s energy workforce.

• Government – as Oklahoma’s capital city, OKC benefits from more than 42,000 workers involved in state government, the largest employer in Oklahoma City. Alongside solid, stable employment drivers like Tinker Air Force Base, the FAA Mike Monroney Aeronautical Center, the City of Oklahoma City, the University of Oklahoma, the University of Central Oklahoma and other government-related entities, employment in this sector brings a layer of stability in the employment base few cities can match.

• Other major employers include diverse and well-known names like Hobby Lobby, AT&T, Sonic Corp, Dell, Hertz, UPS, Farmers Insurance, Great Plains Coca-Cola Bottling Company, Cox Communications, Johnson Controls, Midfirst Bank, American Fidelity, Love’s Travel Stops, ATC Drivetrain and more.

“The vibrant economy, great tourism, sports events and discerning consumers have made the Outlet Shoppes of Oklahoma City—the only Outlet Shopping Center in the State—a huge success. Having set records nationally for sales volumes at an outlet grand opening, the continued positive sales results have allowed the center to be expanded two times. Over three million shoppers visit the 93 stores annually. “ - Gary Skioen, CEO, Horizon Group Properties: The Outlet Shoppes at Oklahoma City

“In this part of the country, this is one of the best malls that we have in our portfolio. This mall produces sales per square foot higher than some of the very top regional malls in the DFW market. We’ve seen growth in sales every year that we have owned the mall. It is a great market for us.” - Robert Alexander, Senior VP of Leasing, Penn Square Mall: Simon Properties

OKLAHOMA CITY’S REGIONAL RETAIL DISTRICTS