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

EMEA

3.0%

Oslo

14.1%

61% of global oil production comes from EMEA.

Aberdeen

3.1%

1.8%

1.6%

Hamburg

1.1%

Moscow

London

Rotterdam

Size of bubble represents energy sector contribution to total city GDP

Source: EIA, BP, OPEC, Cushman & Wakefield Research

Marseille

2.8%

Top Energy Markets - Oil Price Boom

Employed Population Ranking*

Job Growth Ranking*

Vacancy Rate Ranking (44 cities) Q2 14

Rent Growth Ranking (44 cities) Q1 09- Q2 14

OIL PRICES: WHERE THEY WERE

Aberdeen Hamburg London Marseille Moscow

142

124 153

6 8 3

13 16

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

59

3

111

2 7

167

191

1

5

120 165 246

37

10

Oslo

119

9

4

Rotterdam

249

43

21

$ per barrel (Brent)

*(280 Cities) 2009-2014

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 (15 top cities) Q2 16

Rent Growth Ranking (44 cities) Q2 14 - Q2 16

OIL PRICES: WHERE THEY ARE

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

Aberdeen Hamburg London Marseille Moscow

217

210 193 130 221 243 234 189

46

44

92

9 2

16

4

6

203 279 228 145

1

17

42

46 27

Oslo

18

Rotterdam

43

10

$ per barrel (Brent)

*(280 Cities) 2014-2016 Source: EIA, Cushman & Wakefield Research

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

24 / Oil: The Commodity We Love to Hate