The Houston office market is bracing for an economic storm. Weakening oil demand and oil prices together with the wider economic downturn caused by the coronavirus COVID-19 pandemic could deal a significant blow to the city’s economy, according to the Wall Street Journal. The office market is heavily dependent on an oil and gas industry hit hard by a production disagreement between the Organization of Petroleum Exporting Countries (OPEC) and Russia. The city’s energy sector
source https://therealdeal.com/2020/03/21/houstons-office-market-faces-a-double-whammy-from-oil-turmoil-and-coronavirus/
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