O’Connor: Land swap positions OKC to attract large employer
Cathy O’Connor
Some of our biggest property deals are high-profile and recognized by the public as having great potential to impact our economy – the Omni Hotel is a great example. Other property deals are less noticed by the public but have a significant impact on Oklahoma City’s ability to draw outside investment, large headquarters and hundreds or even thousands of jobs.
This week, the Alliance for the Economic Development of Oklahoma City and the Commissioners of the Land Office closed such a deal. The commercial property exchange provides the Alliance with a large acreage to attract a company seeking to expand or relocate. The property is located at Interstate 240, between Eastern and Bryant avenues, and represents 577 acres of land available for development.
Deal closes for 577-acre property to be used to lure new industry to Oklahoma City
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Deal closes for 577-acre property to be used to lure new industry to OKC
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O’Connor: Economic bright spots, Part 2
Cathy O’Connor
In my column last week, I talked about bright spots for Oklahoma City in 2021. There are several other things that have me optimistic about this year, despite the unpredictability of the national economy in the first few months and how recovery might play out in the second half of the year.
One area of optimism is the industrial sector. Oklahoma City is well-positioned to continue to benefit from the 7% year-over-year growth rate of industrial rent. Industrial sites need to be near population centers, but typically require over 100 contiguous acres. That’s where we have an advantage that few other cities offer. The Alliance, Oklahoma Industries Authority and Greater Oklahoma City Chamber have coordinated the purchase and trade of undeveloped land in Oklahoma City to join large swaths needed for expansion and growth in manufacturing, distribution, research and development, data centers and aerospace. I predict we’ll see