CBRE's Mike Lafitte, Global Chief Operating Officer, and Spencer Levy, Americas Head of Research, discuss how the recent drop in oil prices will impact commercial real estate and the economy in the U.S. and Houston.
OIL PRICE SLIDE: HOW LOW IS TOO LOW AND WHAT DOES IT MEAN FOR HOUSTON?
Lower oil prices should benefit the U.S. economy in the form of increased consumer spending and travel. However, commercial real estate market watchers are playing close attention to the Houston office market, which has benefited enormously from the energy boom.
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