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How Oil and Gas Has Left Houston's Office Market in Serious Trouble

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Manage episode 491700216 series 2813754
Content provided by BiggerPockets. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by BiggerPockets or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Houston, long seen as the beating heart of the U.S. oil industry, is now grappling with a commercial real estate crisis. Office vacancies have surged to nearly 28%, driven by massive energy sector consolidation and changing workplace dynamics. Despite Trump’s calls to ramp up drilling, oil companies are becoming leaner, shedding jobs—and office space—in the process. This script explores how a wave of corporate mergers, surging insurance costs, outdated buildings, and Houston’s sprawling development model are leaving once-prized office towers empty. Investors, take note: Houston’s energy-fueled boom may be shifting to a more space-efficient era.

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1721 episodes

Artwork
iconShare
 
Manage episode 491700216 series 2813754
Content provided by BiggerPockets. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by BiggerPockets or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Houston, long seen as the beating heart of the U.S. oil industry, is now grappling with a commercial real estate crisis. Office vacancies have surged to nearly 28%, driven by massive energy sector consolidation and changing workplace dynamics. Despite Trump’s calls to ramp up drilling, oil companies are becoming leaner, shedding jobs—and office space—in the process. This script explores how a wave of corporate mergers, surging insurance costs, outdated buildings, and Houston’s sprawling development model are leaving once-prized office towers empty. Investors, take note: Houston’s energy-fueled boom may be shifting to a more space-efficient era.

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

1721 episodes

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