Report | Houston Energy Outlook - 2015
A longstanding leader in the energy sector, Houston was dealt a significant blow from the major job reductions that took hold industry-wide following the downturn in worldwide energy markets.
In the past 12 months alone, the Houston industrial market has seen a 400 percent increase in sublease space availability, and we expect the downward trend to continue across all real estate sectors into 2016. However, the city's future in energy still appears bright thanks to an ethane advantage.
We project $30 billion in petrochemical growth over the next five years that should bring an additional 20 to 30 million square feet of space across Houston.
What does this mean for both tenants and landlords in the local energy sector? Download Houston's 2015 Energy Outlook to learn more.
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