In late April, US oil prices fell below zero for the first timein history. It was a striking moment in the market but wasovershadowed by the COVID-19 pandemic that had allbut seven states shutdown at that time.

Still, oil and real estate experts say low oil prices and thethreat of COVID-19 could fuel residential and commercial realestate exits out of the city.

For its "Weekly Take" podcast, CBRE interviewed author andenergy expert Daniel Yergin and CBRE vice chairman Craig Beyer anddiscussed the global oil market's impact on office demand andcommuting during COVID-19.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Victoria Hudgins

I am a reporter for Legaltech News where I cover data privacy, cybersecurity and technology's impact on the business and practice of law.