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

GREATER CHINA

2%

Shenyang

4%

Beijing

Dalian

Tianjin

4.7% of global oil production comes from China.

17%

15%

4%

Xi’an

Shanghai

6%

4%

Guangzhou

Shenzhen

3%

Size of bubble represents energy sector contribution to total city GDP

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

Top Energy Markets - Oil Price Boom

Employed Population Ranking*

Job Growth Ranking*

Vacancy Rate Ranking (15 top cities) Q2 14

Rent Growth Ranking (15 top cities) Q1 09 - Q2 14

OIL PRICES: WHERE THEY WERE

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

Dalian Tianjin Beijing

29

9

10

9

3 5

14 25 40 24

7

10

1

2

Shanghai

12

4 3 2 8 11

14

Guangzhou Shenzhen

8

6 3

1

12

Xi’an

13 31

20

15

$ per barrel (Brent)

Shenyang

41

4

*(49 Cities) 01/01/09-12/31/13

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 (15 top cities) Q2 14 - Q2 16

OIL PRICES: WHERE THEY ARE

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

Dalian Tianjin Beijing

43

44

9

7

2 8

13

12

12

27

1

9 3 8

Shanghai

1

2

5 4 2 8 7

Guangzhou Shenzhen

3

14

37 32 25

40 38

1

Xi’an

15 14

$ per barrel (Brent)

Shenyang

31

*(49 cities) 01/01/14-12/31/14 Source: City Statistics Bureaus, 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

32 / Oil: The Commodity We Love to Hate