- Total office space in Oklahoma City is 22.1 million square feet, with 7.3 million square feet in the CBD. The overall vacancy rate is 12.8%, below the national average of 15.6%. - Several new and remodeled buildings are becoming available soon or in the next few years, including the Journal Record Building, Parkside Building, Braniff Building, Century Center, and a potential 400,000 square foot building at the Stage Center site. - Asking lease rates range from $12.68 to $23.50 per square foot depending on the class of the building and market conditions, with rates generally increasing 3% annually. Tenant improvements range from $2 to $40

1. Oklahoma City
Office Space Overview

2. OKLAHOMA CITY MARKET OVERVIEW

3. OKLAHOMA CITY MARKET OVERVIEW
• 22,158,000 Total Square Feet
• 7,312,000 CBD Square Feet
• 12.8% Total Vacancy Rate, which is below the national average of 15.6%
• Class A Office Space - 3,534,047 sf total with 200,999 sf available = 4.7%
• Lease rates are holding firm and in some cases increasing
• There is no contiguous block space
• It’s going to get tighter

4. THIRD QUARTER 2013
MARKET SUMMARY
Suburban # of Bldgs Inventory (SF)
Total
Available
(SF)
Total Vacant
(SF)
Total
Vacancy
Rate (%)
Direct
Vacant (SF)
Direct
Vacancy Rate
(%)
Available
Sublease (SF)
Qtrly Net
Absorption
(SF)
YTD Net
Absorption
(SF)
Oklahoma City 285 22,233,950 3,250,342 2,769,483 12.5% 2,769,483 12.5% 87,956 -43,498 -159,567
CBD 52 7,380,048 1,299,160 1,249,569 16.9% 1,249,569 16.9% 36,488 -13,906 -76,464
A 4 1,686,423 57,506 57,506 3.4% 57,506 3.4% 0 -14,241 -35,963
B 23 2,521,730 440,612 433,715 17.2% 433,715 17.2% 0 -6,054 -15,745
C 25 3,171,895 801,042 758,348 23.9% 758,348 23.9% 36,488 6,389 -24,756
Edmond 6 255,466 16,814 4,814 1.9% 4,814 1.9% 0 0 -128
A 1 48,942 0 0 0.0% 0 0.0% 0 0 0
B 5 206,524 16,814 4,814 2.3% 4,814 2.3% 0 0 -128
Memorial Corridor 25 1,721,390 206,377 90,965 5.3% 90,965 5.3% 18,009 15,808 25,766
A 7 840,505 52,131 26,346 3.1% 26,346 3.1% 18,009 15,808 5,649
B 17 788,783 130,057 40,430 5.1% 40,430 5.1% 0 0 20,117
C 1 92,102 24,189 24,189 26.3% 24,189 26.3% 0 0 0
Midtown 41 2,551,841 549,776 399,896 15.7% 399,896 15.7% 0 3,977 -9,931
B 6 263,652 5,000 5,000 1.9% 5,000 1.9% 0 0 0
C 35 2,288,189 544,776 394,896 17.3% 394,896 17.3% 0 3,977 -9,931
Norman 13 497,882 53,284 47,485 9.5% 47,485 9.5% 0 0 19,153
B 12 447,882 49,615 43,816 9.8% 43,816 9.8% 0 0 19,153
C 1 50,000 3,669 3,669 7.3% 3,669 7.3% 0 0 0
North 46 3,632,852 311,067 216,795 6.0% 216,795 6.0% 31,500 -23,572 -40,848
A 4 308,388 14,689 10,909 3.5% 10,909 3.5% 0 3,575 -2,497
B 33 2,700,628 192,352 102,489 3.8% 102,489 3.8% 31,500 -30,504 -12,103
C 9 623,836 104,026 103,397 16.6% 103,397 16.6% 0 3,357 -26,248
Northeast 2 62,840 0 0 0.0% 0 0.0% 0 0 0
C 2 62,840 0 0 0.0% 0 0.0% 0 0 0
Northwest 61 4,366,811 444,797 419,578 9.6% 419,578 9.6% 1,959 -12,719 -43,317
A 4 649,789 51,962 51,962 8.0% 51,962 8.0% 0 14,548 -14,981
B 41 2,604,848 238,445 222,368 8.5% 222,368 8.5% 0 -27,267 -17,288
C 16 1,112,174 154,390 145,248 13.1% 145,248 13.1% 1,959 0 -11,048
Southeast 10 423,971 129,341 100,655 23.7% 100,655 23.7% 0 -6,387 -19,769
B 1 84,373 59,150 59,150 70.1% 59,150 70.1% 0 0 -24,336
C 9 339,598 70,191 41,505 12.2% 41,505 12.2% 0 -6,387 4,567
Southwest 29 1,340,849 239,726 239,726 17.9% 239,726 17.9% 0 -6,699 -14,029
B 20 908,377 103,238 103,238 11.4% 103,238 11.4% 0 -8,000 -19,779
C 9 432,472 136,488 136,488 31.6% 136,488 31.6% 0 1,301 5,750
Grand Total 285 22,233,950 3,250,342 2,769,483 12.5% 2,769,483 12.5% 87,956 -43,498 -159,567

5. ASKING LEASE RATES
$17.00
$0.00
$1.25
$22.00
$21.25
$15.00
$20.38
$14.01
$12.68
$0.00
$5.00
$10.00
$15.00
$20.00
$25.00
A B C
AskingLeaseRate(FSG)
Asking Lease Rate Range by Class (FSG)

6. Transactions and Trends
Suburban Market
Chesapeake Energy – Right Sizing
Atrium Towers
Harvey Parkway
American Fidelity
OPUBCO Campus
Midtown Campus will add 300,000 sf
Central Business District
Devon vacated 225,000 sf in the First National Building
Journal Record Building – 90,000 sf
Century Center – 115,000 sf
Parkside Building – 70,000 sf
Braniff Building – 90,000 sf
Stage Center Site – 400,000 sf

7. JOURNAL RECORD BUILDING
621 N. Robinson , Oklahoma City, OK 73102
OWNER JRB HOLDINGS LLC
REMODEL COST $13.7 Million
SIZE 90,000 SF
AVAILBLE 4Q 2014
FLOOR PLATE SIZE 4,259 – 32,451
ASKING RENT $23.50
INCREASE IN RENT 3% per annum
T.I. $2.00 psf per year of term
PARKING
$100 per month (unreserved)
$150 per month (reserved)

8. PARKSIDE BUILDING
621 N. Robinson , Oklahoma City, OK 73102
OWNER Sandridge Energy
CONSTUCTION COST $30 Million
SIZE 67,000 SF
AVAILABLE 4Q 2014
FLOOR PLATE SIZE 3,970 – 11,720
ASKING RENT $23.00
INCREASE IN RENT 3% per annum
T.I. $40.00 psf for a 15 year term
PARKING $90 per month (unreserved)

9. BRANIFF BUILDING
324 N. Robinson , Oklahoma City, OK 73102
OWNER Sandridge Energy
REMODEL COST $50 Million
SIZE 90,000 SF
AVAILABLE 3Q2013
FLOOR PLATE SIZE 9,000
ASKING RENT $21.00 FSG
INCREASE IN RENT 3% per annum
T.I. None
PARKING $90 per month (unreserved)

10. 865 RESEARCH PARKWAY
865 Research Parkway, Oklahoma City, OK 73104
OWNER University of Oklahoma
REMODEL COST TBD
SIZE 74,730 SF
AVAILABLE Currently 74,730 SF
FLOOR PLATE SIZE 24,910 SF
ASKING RENT TBD
INCREASE IN RENT 3% per annum
T.I. TBD
PARKING 4.82/1000

11. CENTURY CENTER
100 W. Main, Oklahoma City, OK 73102
OWNER 100 Main LLC
REMODEL COST $30 Million
SIZE 110,000 SF
AVAILABLE 4Q2014
FLOOR PLATE SIZE 55,000
ASKING RENT $21.00 FSG
INCREASE IN RENT Negotiable
TENANT
Oklahoma Publishing
Company will occupy 95,000
SF
PARKING
Limited parking within the
building

12. GE OIL & GAS BUILDING
Central and NW 9th
OWNER GE Oil & Gas
SIZE 95,000 SF
AVAILABLE 2Q 2016
FLOOR PLATE SIZE Various
ASKING RENT Not for lease

13. 431 WEST MAIN

14. STAGE CENTER – OG&E BUILDING
Stage Center Site , Oklahoma City, OK 73102
OWNER Local Development Group
SIZE 400,000 SF
AVAILABLE 2Q 2017

15. DEVELOPMENT PARCELS

16. DEVELOPMENT OPTIONS

17. Walker Avenue and 3rd Street in Oklahoma City

18. CONTACT INFORMATION
Barry Murphy
Managing Director
Cushman & Wakefield | Commercial Oklahoma
405-821-7015
bmurphy@commercialoklahoma.com