Rapid growth in the energy industry creates ripple effect on office, multifamily and retail space.
is among the fastest growing industries in the United States, expanding
at two-and-a-half times the national average in the past five years,
creating a postitive ripple effect through the economy.
2014 North America Energy Outlook explores where, when and why the
change is happening; how it may impact your business; and what you can
do to come out on top.
Unemployment in mining, gas and oil extraction hit a low of 2.6 percent in May 2014—significantly lower than the 6.3 percent U.S. average.
This, paired with retiring skilled workers and a shortage of geologists and engineers, gives energy workers the leverage to command average salaries of $73,662—58.6 percent higher than the U.S. average.
Two needs emerge that can be solved with creative real estate solutions:
Learn more about how to leverage real estate to succeed in the energy industry.
Employment growth is expected to remain strong in the energy industry, with the majority of jobs in office-using support roles.
To support their growing workforces, smaller companies are seeking top-tier CBD space in markets like Denver, Calgary and Fort Worth. Larger companies want to maintain their Class A space, but look to campus environments in suburban markets to house the bulk of their operations.
What does this mean for you?
Learn more about real estate opportunities from the growing energy industry.
Energy is such a disproportionate contributor to the U.S. economy that without it, we'd have no economic growth
Watch the video
Energy's growth impacts everything around it: local insfrastructure, government and multiple real estate sectors
International Energy Agency: The United States will surpass Russia and Saudi Arabia as the world's top oil producer by 2015
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For an in-depth look at current trends, and where the energy industry is heading, download the report. (Published July 2014)