Search Apartments

Oil Prices, the Economy, and the Houston Corporate Housing Market.

When you think of Houston what do you think of?

Oil? Tall buildings? Heat? Humidity? The Astros? All of the above?

Well one thing is for sure. Houston does a lot of oil business. It may be big and it may be more diversified that it once was. But it still very much an oil based economy.

When oil activity is down, its ripple effect is felt all the way through the Houston economy. Likewise when it is up.

No industry probably feels that more fully than the Houston corporate housing industry.

In oil boom times the need for short term furnished housing is huge. There are more engineers, more roughnecks, more executives, more investors, more deal makers, more startups, more expansions, and everything else in between. But when it’s down, there is not only the temporary stoppage of all of that, there is in fact an actual reversal of much of that previous expansion. The impact on the Houston corporate housing industry is large, to say the least. Vacancy rates run high. People get laid off. Businesses close their doors.

As a result, during an oil industry pullback, customers can often get phenomenal deals on corporate apartments. These deals won’t last into the next boom, but they can certainly be had up until that moment.

If you’re in the market for a fully furnished apartment and you are looking for a bargain, call us up when oil business is down. You’re likely to get the deal of a lifetime.


Related Articles

Light at the End of the Tunnel for the Struggling Oil and Gas Industry?3.14.16

It has been tough going for the oil & gas industry, with a roughly 70-percent collapse in oil prices over the past 20 months. The booming energy industry in Texas has been forced to reign in spending. Job losses have left many workers and their families in doubt and in flux. Fortunately for them, Kozi Corporate Housing offers an ideal solution Read More »

Shared Workspace in the Sharing Economy3.14.17

Numerous indicators reflect a strong US economy, especially when compared to the doldrums of the 2008 financial crisis. That severe and dramatic collapse of the economy left an indelible and lasting mark. Part of the economic transformation in recent years is reflected in the gig economy and a growing interest in entrepreneurship.Shared work spaces are nothing new, but in recent years, Read More »

Rumors of a Berkshire Hathaway Takeover of Southwest Airlines2.25.17

Having already acquired a US railroad giant, Warren Buffett’s Berkshire Hathaway now appears to have his sights set on the airline industry. Wall Street analysts think a takeover of Southwest Airlines is a possibility not to be ignored.

Warren Buffett, known as the Oracle of Omaha for his wisdom as a value investor who for decades has seen and capitalized Read More »