The market shift that saw energy prices plummet from the $100-a-barrel days in the early part of the decade is still having a profound impact on certain markets across North America. Places like Houston, Calgary, Denver and Dallas continue to feel the after effects from the end of the boom cycle, with sublease space flooding the market as energy firms try to become leaner.
This chart is a comparative illustration of office or industrial trends in energy market fundamentals through mid-year 2016. The color scale and sizing of the blocks indicates the depth that these metrics have been impacted by the energy downturn.
The energy sector’s road to recovery is paved with challenges, but alternative approaches offer opportunities.