It’s a trend that’s seeing itself borne out time and again in cities and
towns across America where shale oil has impacted the local economy for the
better: with the steady output of new oil fields comes not only a corresponding
need for new oil workers out at the well themselves, but also a need for energy
company office workers in nearby cities. It’s one of the main reasons why the
monthly rental cost of office space in cities close to these nearby shale
formations is now at a three-year high. Case in point: Pittsburgh, PA, a Rust-Belt
city known better in recent years for its steadily declining population, as
well as the deterioration of its once all-powerful steel industry. For the
first time in decades, the population trend seems to be headed in reverse. Jobs
in the energy and technology centers abound in a city like Pittsburgh. But more
importantly in terms of D.W. Lift Sales, the
monthly rental cost of Pittsburgh-area office space has increased dramatically
over the past several years. For the first time since 2000, Pittsburgh
energy tenants are paying around $17.68/square foot, and the city has a vacancy
rate well below the overall national average of 17.1%.
In short, all things point towards a building boom in regions where oil and
gas have driven profits around. Thanks to our new Midwestern energy turnaround,
a lot of good folks who’ve been hard-hit these past couple years are getting
their lives and businesses back together.
The fact of the matter is, the Marcellus Shale Deposit now ranks as the most
significant shale oil-producing formation in the United States, ahead even of
the Bakken Shale Deposit in North Dakota. As a direct result, new oil wells
have arisen overnight across eastern Ohio and western and central Pennsylvania;
and suddenly there’s new office construction in cities like Pittsburgh,
Cleveland, Akron, and Erie, where Texas and Oklahoma oil and gas companies have
set up shop by the score. All this new infrastructure and building activity is
providing fresh jobs for construction companies and crews that have been
hard-pressed since the Housing Bubble Crisis and Great Recession came to town
in 2007.
It’s nice to say that things are looking up for our friends and regional
business partners, and to truly mean it. There are good things afoot going on
out there, and we at D.W. Lift Sales are proud to be playing a part in helping
out. We offer top-of-the-line trucks and short trailers for hauling
construction equipment and materials into these newly-jumping oilfields: Wabashes, Great Danes,
and 36’ x 12’
trailers are all brand-leading ways of hauling materials to their new-found
worksites. Likewise, we offer some of the foremost-leading trucks and trailers
when it comes to regular office construction. Finally, we carry our fair share
of tractor equipment – always a good thing when it comes to heavy-duty
construction of new oil wells and rig sites. Basically, let us know how we can
be of service! Call us or
email us today to request a quote and/or additional information on how we
can help your company participate in the greatest American oil boom of the past
50 years!
