Houston Is On Track For Growth In 2018

HOUSTON—The Houston economy is resilient. Recent market statistics and activity indicate that Houston’s entrepreneurial spirit is alive and that the recovery is underway. Now the question is how long until equilibrium is reached.

In the wake of an energy industry downturn that caused oil prices to plummet and rocked energy-exposed office and industrial markets across North America, most of those markets began to recover in 2017, according to CBRE’s 2017 North American energy trends report. Oil producers are adapting to the new landscape by restructuring to focus on onshore operations, increasing rig and operator efficiency, and exploring alternative energy sources.

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