Rapid growth in the energy industry creates ripple effect on office, multifamily and retail space

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Energy is among the fastest growing industries in the United States, expanding at two-and-a-half times the national average in the past five years, creating a positive ripple effect through the economy. In fact, according to Bruce Rutherford, JLL’s Global Energy Practice Lead, without energy, there’d be no economic growth in the United States.

With this growth comes both challenges and opportunities for energy companies, as well as real investors and developers. JLL’s 2014 North America Energy Outlook explores where, when and why the change is happening, how it may impact your business, and what you can do to come out on top.

Some key takeaways from the report include:

  • Energy is among the fastest-growing industries, expanding 2.5 times faster than the national average. Employment will increase by another five percent through 2020
  • Booming shale energy supply spurs economic development; shale areas experiencing growth in construction, housing and jobs
  • Landlords have leverage in most hubs but energy tenants will benefit from a large pipeline of office space starting in 2015
  • U.S. oil and gas industry is investing aggressively in retail infrastructure with 2014 expected to be especially strong

Watch the below video for further report highlights, and to hear from Bruce Rutherford, JLL’s Global Energy Practice Lead.

Explore further – get the full report here

One thought on “Rapid growth in the energy industry creates ripple effect on office, multifamily and retail space

  1. Pingback: New Report: “Without Energy, There’d Be No Economic Growth in the U.S.”

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