Report | Dallas/Fort Worth Energy Outlook - 2015
While oil and gas has historically been a primary driver of the Dallas-Fort Worth economy, growth in other industries over the past several years has helped DFW survive—and even thrive—throughout the energy slump. There are, however, regional variances.
Overall, the Dallas market is stable and has seen no real impact from declining oil prices. While some smaller energy companies may be struggling, larger players like Energy Transfer Equity are expanding through partnerships and M&As.
Fort Worth, with a higher concentration of energy-industry tenants, has been hit harder by the downturn. As energy prices have dropped, we've seen fewer renewals and more downsizing within the energy sector. Resulting reduction in support industries, like accounting and legal, are in turn causing subleases and closures of small- to mid-size offices throughout Fort Worth.
What does this mean for both tenants and landlords in the local energy sector? Download Dallas' 2015 Energy Outlook to learn more.
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