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Join us as we delve into the economic impacts highlighted during the Niobrara Energy Summit held on July 10, 2014. This presentation explores key factors influencing market development cycles in the Niobrara region, including production activity, recoverable reserves, and regulatory policies. We examine market trends in industrial, hotel, and multifamily sectors, with a focus on occupancy rates, rent growth, and strong demand for residential solutions. Stay informed about the evolving landscape shaped by significant energy developments.
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NON FULL-BLEED COVER [EXAMPLE] Energy summit • Following the Money: Economic Impacts • July 10, 2014
* Please ensure you have updated your footer information. • STEPS • From the ribbon select ‘View’ tab and click on ‘Slide Master’ • In slide master view – ensure you select the very first page • Update footer text and change logo (if required) • FOOTER TEXT • Update the footer text – the text will update throughout the presentation • Please ensure you remove either the ‘CBRE’ or the ‘Client Name’ text depending upon the logo placed in the document • UPDATING THE LOGO • You can only have the Client logo or the CBRE logo. Please delete/add, as appropriate • Ensure client logo is positioned in same location as CBRE logo and size is no larger than CBRE logo (ie approx. 1cm x 3cm) Niobrara at the center of the Americas energy revolution
To move between headings and bullet levels, use the ‘Indent List Level’ buttons found on the ‘Home’ tab • NOT the bullet button Exploration market development cycle • Entry/exit stage and depth of impact unique to each market • Key Influencing factors: • Life cycle stage • Production activity/recoverable reserves • Proximity to extraction • Existing CRE inventory • Infrastructure • Land use patterns • Regulatory policies • Proximity to major markets
Niobrara development activity • Industrial came out first but broad based development planned Source: CBRE Econometric Advisors, Q4 2013. Counties included: Weld, CO; Logan, CO; Morgan, CO; Larimer, CO; Laramie, WY; and Natrona, WY.
Niobrara’s Strengthening fundamentals • Industrial market improvements Source: CBRE Research, Q4 2013. Counties included: Weld, CO; Logan, CO; Morgan, CO; Larimer, CO; Laramie, WY; and Natrona, WY.
Hotels & multifamily market conditions • Strong demand for “residential” solutions • Hotel • 54% in Colorado Niobrara; 46% in Wyoming Niobrara • Greeley led region in 2013 with 80.1% occupancy vs. 62.2% in Fort Collins (Source: Colorado Hotel & Lodging Report) • Greeley led region in RevPAR growth in 2013 with 22% increase vs. 9.9% in Fort Collins • Multifamily • Record Low Vacancy Rate – 2.4% (Q4 2013) (Source: Apartment Insights) • Weld Cnty Vacancy – 1.8% • Weld Cnty Rent Growth – 8.6% • Student housing also a driver in the region Weld County Total Employment up 6.0% from 12/12 to 12/13 – Fastest County Growth in the U.S.