On April 17, Mike Spears, President of Brokerage Services for The National Realty Group (TNRG) moderated Bisnow’s: The Impact of Oil and Gas event. While all speakers agreed that “the real estate business is 100% a function of the energy business”, Spears spoke about the benefits of a lower natural gas price. “The lower price is creating a US manufacturing renaissance, which translates into an increased demand for manufacturing industrial buildings,” Spears said. “More than ever before, energy companies are needing larger sites because of the need for more outside storage.”
To read the full report on the event, click here.