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

LATIN AMERICA

5.5%

Mexico City

6.5%

Caracas

Bogotá

36.5%

13.3%

11.2% of global oil production comes from Latin America.

11.5%

Rio de Janeiro

São Paulo

Source: EIA, BP, National Statistics Bureaus, Cushman & Wakefield Research

Size of bubble represents energy sector contribution to total city GDP

Top Energy Markets - Oil Price Boom

Employed Population Ranking*

Job Growth Ranking*

Vacancy Rate Ranking (5 cities) Q2 14

Rent Growth Ranking (5 cities) Q1 09 - Q2 14

OIL PRICES: WHERE THEY WERE

Bogotá Caracas

3

2

1

4 5 3 2

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

12

22 17 18 14

2 3 5 4

Mexico City São Paulo

2

1

Rio de Janeiro

5

1

*(28 cities) 01/01/09-12/31/13

$ per barrel (Brent)

Jul-11

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

Top Energy Markets - Oil Price Correction

Employed Population Ranking*

Job Growth Ranking*

Vacancy Rate Ranking (5 cities) Q2 16

Rent Growth Ranking (5 cities) Q2 14 - Q2 16

OIL PRICES: WHERE THEY ARE

Bogotá Caracas

1

8 6

1

1

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

5

3 2 4 5

2 3 5 4

Mexico City São Paulo

18

24 26 27

26 27

Rio de Janeiro

*(28 Cities) 01/01/14-12/31/14 Source: Oxford Economics, Cushman & Wakefield Research

$ per barrel (Brent)

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

Source: EIA, Cushman & Wakefield Research

20 / Oil: The Commodity We Love to Hate