Sep
29
C&W: Lower Oil Prices Have Mixed Effects on Global Office Market
ByThe latest report from Cushman & Wakefield shows how the drop in oil prices since mid-2014 has impacted the world’s major energy cities.
Kevin Thorpe
Chicago—While we all like to pay less for gas at the pumps, the drop in oil prices since mid-2014 has had a “profound impact on global office markets,” according to a comprehensive new report from Cushman & Wakefield that assesses the fallout on each of the world’s major energy cities and their office markets.
The 36-page Occupier Research Report, Oil: the Commodity We Love to Hate, states that oil prices are expected to remain below $60 per barrel through the end of next year and possibly below $70 per barrel through 2020. One of the main takeaways from a protracted low-oil scenario is that consumers and non-energy producing markets benefit, while oil-producing markets around the globe are facing pressures, some more intense than others…
C&W: Lower Oil Prices Have Mixed Effects on Global Office Market
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