Blog Archives

Energy-Driven Markets Power Office Absorption

Sources:  Colliers Office Market Report | USA, Allegheny Conference, Pittsburgh Tribune-Review, Pittsburgh Business Times, National Real Estate Investor

The Energy industry has played a significant role in the economy’s gradual recovery, according to the new Colliers office market report, which shows that energy markets contributed a disproportionate percentage of total national office absorption in the last year. The dynamics of the energy industry are expected to have a growing impact on all types of commercial real estate in the coming decade. 

“The Pittsburgh region is also feeling the positive effects of the Energy sector including oil and gas (Marcellus shale activity), nuclear, wind, and solar all playing a part in the continued positive absorption of office product thorough out our region,” said Paul Horan, Founding Principal at Colliers International | Pittsburgh.

Read the rest of this entry