The Impact of Gas and Oil Industries on Real Estate Markets

The Impact of Gas and Oil Industries on Real Estate Markets | George Grace

Denver, Houston, and Edmonton are just 3 of many cities that are heavily dependent on oil and gas. A prolonged slowdown in these markets, as we are seeing now, creates a tremendous ripple effect, impacting office spaces, retail spaces, labor markets and more. But where there are problems, there are also possibilities. Tens of thousands of people are being laid off in the current gas and oil downturn. But even after the economy slows down, the human capital remains in these markets for some time, 

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