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Oklahoma's Commercial Real Estate Market is doing more than OK!
What Robert William's clients have to say about him... "Even though I am a Real Estate Broker in California, I found that living in California and owning rental property in Oklahoma City might have been a problem. Working with Robert and his office made it not only problem free, but fun. Someone was always available to answer my questions, the checks arrived on time and Robert was willing to deal with the infamous Oklahoma City neighborhood rental squads. I sold the properties - but I still miss the conversations with Robert. Thanks for everything."Jonell Richardson, Ventura, CA "Mr. Robert Williams helped me sell some investment property. He was well informed and kept in touch, was easy to reach when I had questions." Sue Ogle, Oklahoma City, OK "Good Agent - gets the job done with a win-win approach. Very straight forward and result oriented." Kul Gupta, Oakland, CA Read More Testimonials |
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TestimonialsWhat do Robert's clients have to say about him?
Contact Us Robert@OKCInvestments.com Cell: 405.822.2877 Fax: 405.608.0654 Office: 405.752.2525 InterWest Realty 4900 Richmond Square #200 Oklahoma City, OK 73118
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Oklahoma Eliminates the State Long-Term Capital Gains Tax! On June 7, 2005 the Oklahoma Senate passed House Bill 1547 eliminating Long Term Capital gains tax for individuals, and in 2006 eliminated it for Corporations.Click here for full details Congress Authorizes a Temporary ZERO% Long-Term Capital Gains Tax! For 2008 Congress has authorized a Zero (0%) percent Long Term Capital Gains tax to certain taxpayers, and
extended the maximum Capital Gains Tax of 15% until 2010.
The Journal Record, June 6, 2008
"As commercial real estate buyers find it increasingly difficult to secure commercial loans due to the credit crunch being seen in the financial markets, many owners have decided that now is not a good time to sell their holdings, but they could be missing out on a great opportunity. Property owners have a limited window of opportunity to maximize their returns due to the fact that the capital gains tax rate is at an all-time low. Currently, the capital gains tax is only 15 percent. The last time the capital gains tax was this low was during the end of World War II in 1945. The lowest the capital gains tax has ever been in our country was 11 percent, which occurred from 1924 to 1935, and will probably never be seen again.
After having seen the capital gains tax reach a peak of 28 percent between 1986 and 1997, the tax has steadily declined over the past 11 years to its current level. However, the current rate is due to expire in 2010, giving investors less than two more years to take advantage of such a low rate.
Oddsmakers in Las Vegas would probably forecast high odds that the tax will be increased in 2010, especially with a new presidential administration heading into the White House next year. Democratic presidential candidate Barack Obama has stated that he may consider raising the capital gains tax from its current level of 15 percent back to 28 percent. Obama’s desire to raise the tax is part of his “Tax Fairness for the Middle Class” plan that is designed to be a balanced tax plan for middle- and lower-income taxpayers as well as stimulate more revenue for the nation...
Despite the lending obstacles currently being seen in acquiring properties, owners should take a serious look at the possibility of selling now rather than later. Even if it means dropping the price of a property slightly in order to complete a deal, investors could still pocket more money with the current rate than they might be able to after 2010."
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Oklahoma Commercial Real Estate For Sale
©Robert Williams 2008
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. The listings contained on this web site may be withdrawn by the sellers at any time.
Why Invest in Oklahoma? |
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Apartment rents surge 12% - A healthy local economy drives the market, Tulsa World, June 28, 2008."One-bedroom units now go for $476 per month, or $45 more than a year ago, while two-bedroom units stand at $568, up $61, according to a report by CB Richard Ellis/Oklahoma. "This is by far the highest year-over-year increase in rents I have seen in my 20 years of surveying the Tulsa market," said David Forrest, author of the report. Yet plenty of people continue to move into apartments. The average occupancy went up a full percentage point in six months. Forrest said occupancies are pushed up by the strength of the local economy, including the low unemployment rate."Jobs are being created and the economy is sound," he said. "Occupancy is high enough that owners are able to increase their rent." Read full article Oil and gas companies boost OKC’s office market, Journal Record, July 25, 2008."Oklahoma City’s office market appears on pace to meet or even beat 2007’s total volume of sales based upon mid-year sales numbers. A total volume of $63.46 million was sold during the first six months of year compared to the $135 million that was sold in all of 2007."Read full article Tulsa and OKC ranked as high-equity real estate markets, Journal Record, July 15, 2008."MSN Real Estate posted a story today that ranked the top 66 cities where buying a home makes sense in the midst of the national housing slump. Both Oklahoma City and Tulsa were ranked in the top 25 metropolitan areas with Tulsa coming in at number 14 and Oklahoma City at number 22. The article estimates how much equity a person can build in their home by 2012 by comparing the difference between 6, 7 and 8 percent loans. This article is yet another great marketing tool for both residential and commercial brokers to help them spread the word of how Oklahoma’s real estate markets are remaining strong despite the national real estate downturn."Read full article State not following recession's path"What do a low unemployment rate, steady job and income growth, a rising median household income and a low cost of living have in common? They are all factors that placed Oklahoma City at #19 on Forbes’ 2008 Best Cities for Jobs list and on April 29, 2008, America's #1 Most Recession-Proof City in the Nation!"Nationally, home prices are falling, unemployment is on the rise and the economy is expected to grow slowly--or even contract--in the first half of the year. But some cities are doing just fine. Take Oklahoma City, Okla. With falling unemployment, one of the country's strongest housing markets, and solid growth in agriculture, energy and manufacturing, it looks best positioned among the nation's largest metropolitan areas to ride out the current crisis..." Read full article View Our Oklahoma Commercial Real Estate Offerings: Apartments|Malls & Retail Centers|Car Wash & Self Storage|Office/Business Parks|Mobile Home Parks|Land As economic slowdowns make an impact across the nation, Oklahoma City is fairing well and continues to out-perform the nation in job growth. That trend is expected to continue into 2009, according to the Greater Oklahoma City Chamber 2008 Economic Forecast, available at www.okcchamber.com." The U.S. Bureau of Labor Statistics reports, "Oklahoma's unemployment rate fell to 3.1% in February from 3.7% one month ago and 4.3% last year." Read More Forbes, April 29, 2008 NewsOK.com, May 30, 2008 NewsOK.com, May 17, 2008 Reed Construction, May 30, 2008 Regional growth differences are largely due to differences in the position of each state in the business cycle. The state by state cyclical differences depend on the mix of industries in each state. Currently the rapid growth industries are farming field crops, energy supplies, high tech and machinery export manufacturing, biotechnology and healthcare, mutual funds and intellectual capital industries, such as software and consulting. The slow growth industries are housing and construction supplies, low tech manufacturing, consumer services, real estate and related financial activities and consumer leisure, vacation and retirement related industries.Read full article OKC Chamber of Commerce, May 30, 2008 Proof the Commercial Industry is Doing WellBloomberg.com News, May, 2008 "WHAT IF the national economy threw a recession, but Oklahoma decided not to attend?"We're not going to play along with the nation,” said Keith Geary, president of Capital West Securities in Oklahoma City. "For us here everything is going really well.”Two sectors that are slowing the national economy — housing and energy — are positives for the local economy. The average sales price of an existing home in Oklahoma rose last year by 4.24 percent while the number of foreclosures filed in the state declined nearly 13 percent. Meanwhile, about 39 percent of homes bought nationally last year are worth less than what the homeowners still owe, according to zillow.com. While local consumers are no happier with near-record gasoline prices than those who live elsewhere, Oklahomans pay among the lowest prices for fuel. And those high prices have fueled expansion in Oklahoma's robust energy sector, which produces jobs, higher wages and taxes for the state." View Our Oklahoma Commercial Real Estate Offerings: Economic forecast sunny with job growthMark C. Snead, director for the Center for Applied Economic Research at Oklahoma State University, forecast this month that the state's job growth could continue even through a national recession. His prediction was that a recession would, at worst, stall Oklahoma job growth only during the second and third quarters. "The insulation provided by a stable housing sector and high energy prices are expected to allow the state to enjoy very modest economic growth,” Snead wrote. Journal Record: Oklahoma's Insulated Market"The most popular buzz word in Oklahoma’s commercial real estate markets thus far in 2008 appears to be “insulated.” Numerous brokers, developers and commercial real estate experts have frequently used the term to describe how Oklahoma City and Tulsa’s markets are insulated from the downturns being experienced by the national economy and in the larger commercial real estate markets.
While large markets on both coasts are experiencing significant declines in investment activity and prices, both Oklahoma City and Tulsa are showing signs of stability and strength...
Renewed strength in the state’s multihousing market has also proven a shield to national economic turmoil in Oklahoma, according to John D. Clayton of The Apartment Brokerage Team in Tulsa. Over the past year, Clayton said both occupancy and rental rates have experienced steady increases in the state due largely to the declines in the single-family housing market.
“In Tulsa, where a decade-long economic roller-coaster ride left many outsiders feeling like they should head for safer rides, the multifamily sector of the real estate market has quietly and steadily increased, ending 2007 with a market average occupancy of 92.7 percent and an upward trend in the first quarter of 2008,” said Clayton. “Oklahoma City has seen much of the same improved occupancy, where the tale of two cities continues to surprise investors with similar economic performance.”" (Source: Journal Record, May, 2008)
Forbes.com Names Oklahoma City
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Pryor, OK Lands $600 Million Google Data Center, 1.5 Million Sq. Ft. Gatorade Facility, and 400 Acre Amphitheater/Festival ParkInfrastructure and Personal Service land Google and Gatorade in Pryor, OKGoogle, Gatorade put Pryor on the map MidAmerica, Oklahoma's largest industrial Park, Lands Google and GatoradeMidAmerica's WebsiteMidAmerica Latest News "For companies considering a major distribution center to serve supply chains throughout the central region of the nation, MidAmerica Industrial Park would surely be an ideal candidate for consideration.
The park, Oklahoma's largest, spans 9,000 acres with an array of amenities that make it one of the most distinctive industrial developments in the nation." Read more "Millions in the South-Central U.S. will soon be quenching their thirst with Gatorade® Thirst Quencher and Propel® Fitness Water made right here in Oklahoma." Read full article View Our Oklahoma Commercial Real Estate Offerings: 400 Acre Amphitheater puts Pryor, OK in the Spotlight"Catch the Fever Music Festivals is well on its way to completing a great venue. The site started with a 400-acre farm site. First steps included for erecting a 130-foot permanent stage with full production, special effects and lighting capabilities common to indoor concert venues. Also included are buildings, fences, lighting, plumbing and roads along with facilities for camping and parking. Additionally the site now includes vendor areas and supplementary stages to allow continuous music between main generating around the clock energy and excitement. Special attention has also been given to providing VIP areas, safe campgrounds, located adjacent to the concert area, hot showers, fresh water, garbage and recycling service, RV facilities, etc. In preparation for this year's event.." Read full article "PRYOR — At the Country Fever Music Festival, the music is almost an afterthought. Spread across 400 acres north of Pryor, the event features everything from military Black Hawk helicopters to inflatable jungle gyms to a mechanical bull..." Read full article |
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Oklahoma Medical Research Foundation Receives $15 Million in Economic Development Funds to Support $125 Million Facility ExpansionThe Oklahoma Medical Research Foundation will embark on a $125 million expansion project with the help of a $15 million allocation from the Oklahoma Opportunity Fund, a state economic development account.
OMRF, an internationally recognized independent research institute, is building a new research tower on its Oklahoma City campus, an initiative that is projected to create 300 new jobs with an average salary of approximately $58,000. Read more
Without question, 2007 will go down as a landmark year for the city’s industrial market"As several high-profile retail and apartment deals appeared to dominate headlines in 2007, Oklahoma City’s industrial sector may have won the award for the most active transaction market with a significant increase in both the number of properties sold and in property values." Read moreOklahoma's Real Estate Market is Up -- Bucking USA TrendsOklahoma's home prices were up 4.2% in 2007; 4.59% in Oklahoma City and 4.97% in Tulsa. From January, 2007 to January, 2008 Oklahoma foreclosures went down 17%! Read more... View Our Oklahoma Commercial Real Estate Offerings: |
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Why Invest in Oklahoma? |
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Workforce"Greater Oklahoma City's best asset is undoubtedly its workforce. With more than 650,000 workers and nearly 120,000 attending area colleges and universities, the region can fulfill the needs of any company."Read moreIncentives"You can count on the Oklahoma City's economic development team to arrange one-stop coordination with state and federal agencies. Oklahoma offers a qualified, available workforce, straight-forward business incentives and world-class job training." Read moreStrategic Location"One of Greater Oklahoma City's biggest advantages is its strategic location, near the markets and workforce you are looking for." Read moreBusiness Environment"This spirit of growth combined with our ability to successfully collaborate on issues of importance has fostered economic diversification and steady and sustainable growth. This can best be seen in our eight major industry clusters: Aviation, Technology/Manufacturing, Shared Services, Air Accessibility, Biosciences, Distribution/Warehousing, Automotive, Health Care Services, and Energy." "Our corporate presence is impressive, with companies including Dell Inc.; Xerox; Williams-Sonoma; Sprint; Hertz; The Hartford; Farmers and York International calling the region home. But equally impressive is the list of companies who were born and grown here: Sonic, America's Drive In; Devon Energy; Chesapeake Energy; Braum's; Hobby Lobby; Express Personnel; Sandridge Energy;Cytorance Biologics and Hoffman Bikes/Mat Hoffman Enterprises." Read more Low Cost of Doing Business and Incentives"The annual North American Cost of Doing Business Review by Economy.com found the region's cost of doing business to be one of the lowest of the 361 metro areas surveyed. The index measured the relative cost of labor, energy, taxes and office space. Oklahoma has one of the most innovative and recognized incentive programs in the nation with the Oklahoma Quality Jobs Program, which provides cash payments to qualifying companies who create and maintain quality jobs of Oklahoma. The payments, of up to 5% of payroll for 10 years, can total in the millions." Read more Support"Central Oklahoma’s 10-county partnership offers a wealth of advantages and services that make living and doing business here compelling." Learn more Quality of Life"MAPS (Metropolitan Area Projects) is Oklahoma City's visionary capital improvement program for new and upgraded sports, recreation, entertainment, cultural and convention facilities. Projects include: AT&T Bricktown Ballpark, renovation of the Myriad (now Cox Business Services Convention Center), improvements at the state fairgrounds, the Bricktown Canal, a new Library/Learning Center, new trolleys, a near-rebuilding of the Civic Center Music Hall, improvements to the North Canadian River, and construction of the Ford Center."Read more View Our Oklahoma Commercial Real Estate Offerings: |
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Forbes.com Home Page for the World's Business LeadersOklahoma City, Tulsa among Forbes' top places to do business "Another rapid mover, Oklahoma City ranked 67th on last years list. It ranks sixth in income growth, 15th in cost of living and 25th in unemployment. Oklahoma City has been a traditional base for energy companies like Chesapeake Energy and Devon Energy, but its economic growth has partly been fueled by diversification into fields like information technology and health services." View Our Oklahoma Commercial Real Estate Offerings: |
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Expansion Management MagazineOklahoma City and Tulsa included in 5-star Quality of Life Metro List Read Complete Article Oklahoma City Ranked #4 in Top 20 Real Estate Markets for 2007 Read Complete Article Oklahoma City and Tulsa Name In the Top 50 Hottest Cities for 2007 Read Complete Article |
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CNN Money Online Rates OKC Housing MarketOKC Home Prices 13% and Tulsa Home Prices 11% Undervalued View Our Oklahoma Commercial Real Estate Offerings: |
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The Journal Record reports on Oklahoma Real Estate"OKLAHOMA CITY – As several high-profile retail and apartment deals appeared to dominate headlines in 2007, Oklahoma City’s industrial sector may have won the award for the most active transaction market with a significant increase in both the number of properties sold and in property values."Read Full Article: Lot Lines: Buyers target industrial properties [02/01/08] "PRYOR – One day after Gatorade officials contacted Pryor’s MidAmerica Industrial Park about expansion possibilities, the sports drink bottler received a full packet of data at its door. A few months later Google used its own Web resources to locate its next expansion site, which came up MidAmerica. " Read Full Article: Infrastructure, personal service lift Pryor complex [02/18/08] "TULSA – Net absorption of 1.5 million square feet last year – almost three times 2006 results – cut Tulsa’s industrial market vacancy rate to a 10-year-low of 3.99 percent..." Read Full Article: Tulsa industrial vacancy rate hits 10-year low [02/06/08] "TULSA – After several years of modest rental rate increases despite tight vacancy rates, the Tulsa industrial sector enjoyed strong growth in both areas last year. That has some Tulsa analysts anticipating the start of well over 1 million square feet of new construction, although others remain cautious...." Read Full Article: Tulsa roundtable: Resurgence in the industrial market [02/14/08] "OKLAHOMA CITY – The Oklahoma City commercial real estate market looks to continue its upward momentum in 2008 despite national credit problems and the risk of a looming recession, according to a report from one local real estate firm. " Read Full Article: Levy Beffort releases real estate outlook [01/16/08] "TULSA – An Apple Hospitality Inc. real estate investment trust paid $8.4 million for Bixby’s 102-room Hampton Inn and Suites, which opened in mid-November. " Read Full Article on this Robert Williams Sale: Va. buyer pays $8.4M for new Bixby Hampton Inn [01/16/08] |
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Oklahoma Government Sites |
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State of Oklahoma - www.ok.govOklahoma Major Employers By SizeOklahoma Travel Brochures - Download Free Oklahoma Parks, Resorts & Golf |
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Oklahoma Department of Tourism2007 Oklahoma Travel Guide - Online Interactive Guide |
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