Emerging trends and new technologies reshape the energy landscape.
Three years from the start of the oil slump, employment and commercial real estate fundamentals are finally showing incremental improvement across North America’s energy markets.
Today, each segment within oil and gas faces a unique set of opportunities and challenges as the industry struggles to recover from the latest correction, and energy companies continue to alter their strategies to navigate turbulent times. Now, more than ever, it is critical that major players weather this cycle and continue capturing top talent, while driving efficiencies in a leaner but more diverse energy marketplace.
JLL’s 2017 Energy Outlook examines key themes in today’s industry and explores challenges and opportunities in seven energy-centric cities across the U.S. and Canada. Dig into the resources below to find insights into an evolving industry.
See an overview in this SlideShare presentation, or dig into the resources below for more detail.
The nuances of each sector—from exploration and production to renewables—have had varied impacts on commercial real estate fundamentals within energy-centric cities. What holds true in the office setting can have a disparate influence on industrial conditions, with each energy market responding uniquely to disruption in the industry.
While the industry bounces along the bottom, energy players from one end of the pipeline to the other are finding new avenues for growth, translating to opportunities within commercial real estate. While upstream companies work towards improving efficiencies, the downstream sector is reaping the benefits of a petrochemical boom.
The energy market’s impact on commercial real estate typically focuses on major cities, but what’s reported far less frequently is how the energy economy has affected the real estate of smaller towns - specifically those which grew rapidly during the shale boom of the 2000s. The dynamics at play in these markets are very different than their larger, more diversified counterparts.
Renewable energy now extends beyond widely-known industries like wind and solar and is venturing into power storage, utilities, and total sustainability. This continued evolution is creating new ways to leverage the sector in the office and industrial arenas, offering opportunities for owners, investors, and tenants alike.
Senior Vice President