07/18/2013
SHALE GAME OR NOT: WHY 700,000 JOBS CAN’T BE WRONG FOR REAL ESTATE
Regardless of your sector specialty, if you’re a real estate professional particularly in Dallas, Denver, Houston, Philadelphia or Pittsburgh, you could benefit hugely from the growth in domestic energy industry. “Growth in the domestic energy industry is driving heated demand for prime real estate, predominantly in a handful of cities where the oil and gas industry is booming. That growth is expected to create more than 3.5 million American jobs by 2035, including 700,000 in the next two years alone,” according to Mark Heschmeyer, CoStar Group, a commercial real estate information and marketing service provider.
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Growth in the domestic energy industry is driving heated demand for prime real estate, predominantly in a handful of cities where the oil and gas...