September 9, 2015
For the property markets that have seen the oil and gas renaissance play a central role in recent economic growth, the collapse in crude oil prices that began a little over a year ago brought uncertainty, speculation and a negative outlook. With the West Texas Intermediate (WTI) spot price now below $50/bbl after a brief stabilization between $50-$60/bbl, what is the pricing outlook and how might it affect commercial real estate performance in key energy markets? To what extent—if any—have low oil prices already negatively affected commercial real estate in energy markets?
The latest market data reveal varying levels of impact on real estate to date, but also give us some indication of how markets will perform amid continued near-term price volatility. Read the full report for more insight and in-depth coverage of specific energy markets, including: Calgary, Houston, Dallas/Ft. Worth, Denver and Pittsburgh.