Cushman & Wakefield Occupier Research - Oil: The Commodity We Love to Hate

UNITED STATES

13.3%

North Dakota

6%

6%

13%

Denver

Pittsburgh

14%

13.9% of global oil production comes from the United States.

Tulsa

Oklahoma City

16%

Fort Worth

8.5%

Size of bubble represents energy sector contribution to total city GDP

New Orleans

Houston

San Antonio

5%

17%

Source: Oxford Economics, BP, Moody’s Analytics, Cushman & Wakefield Research

Top Energy Markets - Oil Price Boom

Total Employment Growth Ranking (# Jobs)*

Total Employment Growth Ranking (% Change)*

Vacancy Rate Ranking (65 top cities) Q2 14

Rent Growth Ranking (65 top cities) Q1 09 - Q2 14

OIL PRICES: WHERE THEY WERE

$0 $20 $40 $60 $80 $100 $120

Denver

13

27 41

25 28 20

29

Fort Worth

23

12 19 16

Houston

2

16

New Orleans

48

126

14

North Dakota

25

4

2

13

Oklahoma City

36 41 22 69

63

26

25 20

$ per barrel (Brent)

Pittsburgh San Antonio

227

5

24

39 45

15 10

Jul-11

Tulsa

180

Feb-11

Dec-11

Jan-14

Oct-12

Jun-14

Mar-13

Apr-10

Sep-10

May-12

Aug-13

Jan-09

Jun-09

Nov-09

*(390 Cities) 2009-2014

Top Energy Markets - Oil Price Correction

Total Employment Growth Ranking (# Jobs)*

Total Employment Growth Ranking (% Change)*

Vacancy Rate Ranking (65 top cities) Q2 16

Rent Growth Ranking (65 top cities) Q2 14 - Q2 16

OIL PRICES: WHERE THEY ARE

$0 $20 $40 $60 $80 $100 $120

Denver

12

39

24 28 57

16

Fort Worth

38 84

203 315 286 386 298 347

30

Houston

10

New Orleans North Dakota Oklahoma City

132

19

49 34 27 65

390 139 387

3

53

Pittsburgh

12

$ per barrel (Brent)

San Antonio

33

33

45

38

Tulsa

386

362

58

62

Jun-15

Jun-16

Oct-15

Apr-15

Oct-14

Apr-16

Feb-15

Dec-15

Feb-16

Dec-14

Aug-15

Aug-16

Aug-14

*(390 Cities) 06/30/15-06/30/16 Source: U.S. Bureau of Labor Statistics, CoStar, Cushman & Wakefield Research

Source: EIA, Cushman & Wakefield Research

12 / Oil: The Commodity We Love to Hate