Favorable Industrial Real Estate Signs Emerge on the East Side

Alexander says positivity is due to the expansion of refining and natural gas cracking operations.

HOUSTON—With oil prices fluctuating, the North American energy industry is undergoing a major shift, forcing oil and gas companies to face tighter budgets and rethink office space for a modern workforce. According to JLL’s 2016 North American Energy Outlook, upstream and midstream oil and gas companies, and the companies that serve them are at a critical juncture to move toward a slimmer, more flexible real estate portfolio.

At the same time, the growing downstream industry is creating new demand for industrial real estate in places such as western Pennsylvania, eastern Texas and the Gulf Coast.  Meanwhile, the continued expansion of solar and wind energy production is creating new alternative energy clusters.