Second annual report that analyses 33 global cities driven by the energy sector (oil and gas) for economic and real estate activity.
- The aims of this paper are to analyse the performance of office markets where energy companies have a significant presence, and to assess the impact on activity in these market as well as provide a detailed insight into 10 of the key energy cities globally.
- The real estate markets covered in this report include several specialist energy-dependent cities where the sector dominates activity due to proximity to oil and gas fields, as well as international business centres with multiple sectors and energy sector headquarters.
- The impact of shifts in energy demand and prices on office markets are most pronounced in the specialist energy-dependent markets, albeit with significant variation in rental trends within this group.
- Global shifts in energy demand towards emerging markets will have a substantial bearing on rental levels in energy-dependent markets.