Oil Downturn Spurs Change in Energy Company Leasing Strategies
Pictured: Bruce Rutherford, international director and co-lead of JLL’s energy practice group.The energy sector is finally being forced to implement modern occupancy strategies. After years of being high on the hog while the price of oil topped $100 a barrel, energy companies are now feeling the squeeze of real estate costs. Though oil prices have recovered in 2018, the trauma of the downturn has generated a new culture of ultra-disciplined spending…
