Peter Muoio Muoio: “Oil was sitting around the $30 mark and is back up to around the $45 mark, tantalizingly close to energy exploration and development activity beginning to get restarted again.”

IRVINE, CA—Praying for higher oil prices is a recommendation for weak industrial markets, since most of these markets are in Texas, but allowing supply to dwindle as prices rise is also a good bet, Ten-X’s chief economist Peter Muoio tells GlobeSt.com. As we recently reported, the firm has released a new Industrial Market Outlook, which showed that energy-sector markets look weaker these days when it comes to industrial fundamentals. Some of the weaker markets include Houston, Dallas, Fort Worth, San Antonio and Pittsburgh. We spoke exclusively with Muoio about how these markets might improve, whether diversification is an option and what their individual strengths are.

GlobeSt.com: What can the weaker industrial markets do to overcome some of the obstacles leading to their weaker performance?

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Carrie Rossenfeld

Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.

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