North America Energy Perspectives Report 2015
Colliers International’s “Energy Perspectives” is a logistics report focusing on real estate trends in the oil, gas and petrochemical industries within major markets across the U.S. and Canada.
The report offers an outlook for the energy industry in respect to real estate and its end users. It also provides insights on market implications and opportunities in the energy sector across the U.S. and Canada.
- Calgary rates dropping: Calgary is the oil and gas centre of Canada, housing the highest number of head offices. Its 3.8 million square feet of new construction is causing concern among landlords as deal activity remains low. This is creating great leasing opportunities for tenants with low rental rates.
- Edmonton industrial holding steady: The Edmonton industrial market has held somewhat steady in the face of decreasing oil prices; however, increased vacancy rates and increased sublease space are expected in late 2015/early 2016. Although industrial land sales have slowed considerably, companies appear active in amalgamating locations to reduce costs. The city is seeing unprecedented levels of construction in the industrial sector and downtown core.
> Download the full Energy Perspectives report.