--- title: "Energy and commodities — Market cycle position" description: "Energy and commodities occupier perspective on market cycle position across all 123 Tier 1 Class A office markets." canonical: https://classa.info/industries/energy-commodities/market-cycle-position pageType: industry-topic lastUpdated: 2026-05-29T16:17:29.065Z license: "CC BY 4.0 with attribution to Class A Atlas (https://classa.info)." --- > For energy and commodities occupiers, market cycle position matters because they typically prefer trophy-tier submarkets and run Trophy fit-out — Class A Atlas links per-city market cycle position deep-dives below. ## TL;DR - Energy and commodities preference: trophy-tier submarkets. - Energy and commodities typical fit-out: Trophy. - Market cycle position per-city deep-dives published for all 123 Tier 1 markets. # Energy and commodities — Market cycle position **For energy and commodities occupiers, market cycle position matters because they typically prefer trophy-tier submarkets and run Trophy [fit-out](/topics/fit-out-capex)">fit-out — [Class A](/glossary/class-a) Atlas links per-city market cycle position deep-dives below.** ## TL;DR - Energy and commodities preference: trophy-tier submarkets. - Energy and commodities typical fit-out: Trophy. - Market cycle position per-city deep-dives published for all 123 Tier 1 markets. ## Per-city deep-dives - [**Market cycle position in New York**](/cities/new-york/market-cycle-position) · [Energy and commodities in New York](/cities/new-york/industries/energy-commodities) - [**Market cycle position in London**](/cities/london/market-cycle-position) · [Energy and commodities in London](/cities/london/industries/energy-commodities) - [**Market cycle position in Singapore**](/cities/singapore/market-cycle-position) · [Energy and commodities in Singapore](/cities/singapore/industries/energy-commodities) - [**Market cycle position in Hong Kong**](/cities/hong-kong/market-cycle-position) · [Energy and commodities in Hong Kong](/cities/hong-kong/industries/energy-commodities) - [**Market cycle position in Tokyo**](/cities/tokyo/market-cycle-position) · [Energy and commodities in Tokyo](/cities/tokyo/industries/energy-commodities) - [**Market cycle position in Paris**](/cities/paris/market-cycle-position) · [Energy and commodities in Paris](/cities/paris/industries/energy-commodities) - [**Market cycle position in San Francisco**](/cities/san-francisco/market-cycle-position) · [Energy and commodities in San Francisco](/cities/san-francisco/industries/energy-commodities) - [**Market cycle position in Los Angeles**](/cities/los-angeles/market-cycle-position) · [Energy and commodities in Los Angeles](/cities/los-angeles/industries/energy-commodities) - [**Market cycle position in Chicago**](/cities/chicago/market-cycle-position) · [Energy and commodities in Chicago](/cities/chicago/industries/energy-commodities) - [**Market cycle position in Boston**](/cities/boston/market-cycle-position) · [Energy and commodities in Boston](/cities/boston/industries/energy-commodities) - [**Market cycle position in Toronto**](/cities/toronto/market-cycle-position) · [Energy and commodities in Toronto](/cities/toronto/industries/energy-commodities) - [**Market cycle position in Dubai**](/cities/dubai/market-cycle-position) · [Energy and commodities in Dubai](/cities/dubai/industries/energy-commodities) - [**Market cycle position in Frankfurt**](/cities/frankfurt/market-cycle-position) · [Energy and commodities in Frankfurt](/cities/frankfurt/industries/energy-commodities) - [**Market cycle position in Zurich**](/cities/zurich/market-cycle-position) · [Energy and commodities in Zurich](/cities/zurich/industries/energy-commodities) - [**Market cycle position in Amsterdam**](/cities/amsterdam/market-cycle-position) · [Energy and commodities in Amsterdam](/cities/amsterdam/industries/energy-commodities) - [**Market cycle position in Madrid**](/cities/madrid/market-cycle-position) · [Energy and commodities in Madrid](/cities/madrid/industries/energy-commodities) - [**Market cycle position in Shanghai**](/cities/shanghai/market-cycle-position) · [Energy and commodities in Shanghai](/cities/shanghai/industries/energy-commodities) - [**Market cycle position in Seoul**](/cities/seoul/market-cycle-position) · [Energy and commodities in Seoul](/cities/seoul/industries/energy-commodities) - [**Market cycle position in Sydney**](/cities/sydney/market-cycle-position) · [Energy and commodities in Sydney](/cities/sydney/industries/energy-commodities) - [**Market cycle position in Mumbai**](/cities/mumbai/market-cycle-position) · [Energy and commodities in Mumbai](/cities/mumbai/industries/energy-commodities) - [**Market cycle position in Washington DC**](/cities/washington-dc/market-cycle-position) · [Energy and commodities in Washington DC](/cities/washington-dc/industries/energy-commodities) - [**Market cycle position in Miami**](/cities/miami/market-cycle-position) · [Energy and commodities in Miami](/cities/miami/industries/energy-commodities) - [**Market cycle position in Atlanta**](/cities/atlanta/market-cycle-position) · [Energy and commodities in Atlanta](/cities/atlanta/industries/energy-commodities) - [**Market cycle position in Dallas**](/cities/dallas/market-cycle-position) · [Energy and commodities in Dallas](/cities/dallas/industries/energy-commodities) - [**Market cycle position in Houston**](/cities/houston/market-cycle-position) · [Energy and commodities in Houston](/cities/houston/industries/energy-commodities) - [**Market cycle position in Seattle**](/cities/seattle/market-cycle-position) · [Energy and commodities in Seattle](/cities/seattle/industries/energy-commodities) - [**Market cycle position in Austin**](/cities/austin/market-cycle-position) · [Energy and commodities in Austin](/cities/austin/industries/energy-commodities) - [**Market cycle position in Denver**](/cities/denver/market-cycle-position) · [Energy and commodities in Denver](/cities/denver/industries/energy-commodities) - [**Market cycle position in Philadelphia**](/cities/philadelphia/market-cycle-position) · [Energy and commodities in Philadelphia](/cities/philadelphia/industries/energy-commodities) - [**Market cycle position in Minneapolis**](/cities/minneapolis/market-cycle-position) · [Energy and commodities in Minneapolis](/cities/minneapolis/industries/energy-commodities) - [**Market cycle position in San Diego**](/cities/san-diego/market-cycle-position) · [Energy and commodities in San Diego](/cities/san-diego/industries/energy-commodities) - [**Market cycle position in Vancouver**](/cities/vancouver/market-cycle-position) · [Energy and commodities in Vancouver](/cities/vancouver/industries/energy-commodities) - [**Market cycle position in Montreal**](/cities/montreal/market-cycle-position) · [Energy and commodities in Montreal](/cities/montreal/industries/energy-commodities) - [**Market cycle position in Calgary**](/cities/calgary/market-cycle-position) · [Energy and commodities in Calgary](/cities/calgary/industries/energy-commodities) - [**Market cycle position in Ottawa**](/cities/ottawa/market-cycle-position) · [Energy and commodities in Ottawa](/cities/ottawa/industries/energy-commodities) - [**Market cycle position in Berlin**](/cities/berlin/market-cycle-position) · [Energy and commodities in Berlin](/cities/berlin/industries/energy-commodities) - [**Market cycle position in Munich**](/cities/munich/market-cycle-position) · [Energy and commodities in Munich](/cities/munich/industries/energy-commodities) - [**Market cycle position in Milan**](/cities/milan/market-cycle-position) · [Energy and commodities in Milan](/cities/milan/industries/energy-commodities) - [**Market cycle position in Dublin**](/cities/dublin/market-cycle-position) · [Energy and commodities in Dublin](/cities/dublin/industries/energy-commodities) - [**Market cycle position in Stockholm**](/cities/stockholm/market-cycle-position) · [Energy and commodities in Stockholm](/cities/stockholm/industries/energy-commodities) - [**Market cycle position in Brussels**](/cities/brussels/market-cycle-position) · [Energy and commodities in Brussels](/cities/brussels/industries/energy-commodities) - [**Market cycle position in Luxembourg**](/cities/luxembourg/market-cycle-position) · [Energy and commodities in Luxembourg](/cities/luxembourg/industries/energy-commodities) - [**Market cycle position in Warsaw**](/cities/warsaw/market-cycle-position) · [Energy and commodities in Warsaw](/cities/warsaw/industries/energy-commodities) - [**Market cycle position in Copenhagen**](/cities/copenhagen/market-cycle-position) · [Energy and commodities in Copenhagen](/cities/copenhagen/industries/energy-commodities) - [**Market cycle position in Lisbon**](/cities/lisbon/market-cycle-position) · [Energy and commodities in Lisbon](/cities/lisbon/industries/energy-commodities) - [**Market cycle position in Bangalore**](/cities/bangalore/market-cycle-position) · [Energy and commodities in Bangalore](/cities/bangalore/industries/energy-commodities) - [**Market cycle position in Delhi-NCR**](/cities/delhi-ncr/market-cycle-position) · [Energy and commodities in Delhi-NCR](/cities/delhi-ncr/industries/energy-commodities) - [**Market cycle position in Hyderabad**](/cities/hyderabad/market-cycle-position) · [Energy and commodities in Hyderabad](/cities/hyderabad/industries/energy-commodities) - [**Market cycle position in Beijing**](/cities/beijing/market-cycle-position) · [Energy and commodities in Beijing](/cities/beijing/industries/energy-commodities) - [**Market cycle position in Shenzhen**](/cities/shenzhen/market-cycle-position) · [Energy and commodities in Shenzhen](/cities/shenzhen/industries/energy-commodities) - [**Market cycle position in Guangzhou**](/cities/guangzhou/market-cycle-position) · [Energy and commodities in Guangzhou](/cities/guangzhou/industries/energy-commodities) - [**Market cycle position in Taipei**](/cities/taipei/market-cycle-position) · [Energy and commodities in Taipei](/cities/taipei/industries/energy-commodities) - [**Market cycle position in Osaka**](/cities/osaka/market-cycle-position) · [Energy and commodities in Osaka](/cities/osaka/industries/energy-commodities) - [**Market cycle position in Melbourne**](/cities/melbourne/market-cycle-position) · [Energy and commodities in Melbourne](/cities/melbourne/industries/energy-commodities) - [**Market cycle position in Bangkok**](/cities/bangkok/market-cycle-position) · [Energy and commodities in Bangkok](/cities/bangkok/industries/energy-commodities) - [**Market cycle position in Kuala Lumpur**](/cities/kuala-lumpur/market-cycle-position) · [Energy and commodities in Kuala Lumpur](/cities/kuala-lumpur/industries/energy-commodities) - [**Market cycle position in Jakarta**](/cities/jakarta/market-cycle-position) · [Energy and commodities in Jakarta](/cities/jakarta/industries/energy-commodities) - [**Market cycle position in Manila**](/cities/manila/market-cycle-position) · [Energy and commodities in Manila](/cities/manila/industries/energy-commodities) - [**Market cycle position in Ho Chi Minh City**](/cities/ho-chi-minh-city/market-cycle-position) · [Energy and commodities in Ho Chi Minh City](/cities/ho-chi-minh-city/industries/energy-commodities) - [**Market cycle position in Tel Aviv**](/cities/tel-aviv/market-cycle-position) · [Energy and commodities in Tel Aviv](/cities/tel-aviv/industries/energy-commodities) - [**Market cycle position in Riyadh**](/cities/riyadh/market-cycle-position) · [Energy and commodities in Riyadh](/cities/riyadh/industries/energy-commodities) - [**Market cycle position in Doha**](/cities/doha/market-cycle-position) · [Energy and commodities in Doha](/cities/doha/industries/energy-commodities) - [**Market cycle position in Abu Dhabi**](/cities/abu-dhabi/market-cycle-position) · [Energy and commodities in Abu Dhabi](/cities/abu-dhabi/industries/energy-commodities) - [**Market cycle position in Johannesburg**](/cities/johannesburg/market-cycle-position) · [Energy and commodities in Johannesburg](/cities/johannesburg/industries/energy-commodities) - [**Market cycle position in Cape Town**](/cities/cape-town/market-cycle-position) · [Energy and commodities in Cape Town](/cities/cape-town/industries/energy-commodities) - [**Market cycle position in Nairobi**](/cities/nairobi/market-cycle-position) · [Energy and commodities in Nairobi](/cities/nairobi/industries/energy-commodities) - [**Market cycle position in Lagos**](/cities/lagos/market-cycle-position) · [Energy and commodities in Lagos](/cities/lagos/industries/energy-commodities) - [**Market cycle position in Mexico City**](/cities/mexico-city/market-cycle-position) · [Energy and commodities in Mexico City](/cities/mexico-city/industries/energy-commodities) - [**Market cycle position in São Paulo**](/cities/sao-paulo/market-cycle-position) · [Energy and commodities in São Paulo](/cities/sao-paulo/industries/energy-commodities) - [**Market cycle position in Bogotá**](/cities/bogota/market-cycle-position) · [Energy and commodities in Bogotá](/cities/bogota/industries/energy-commodities) - [**Market cycle position in Santiago**](/cities/santiago/market-cycle-position) · [Energy and commodities in Santiago](/cities/santiago/industries/energy-commodities) - [**Market cycle position in Buenos Aires**](/cities/buenos-aires/market-cycle-position) · [Energy and commodities in Buenos Aires](/cities/buenos-aires/industries/energy-commodities) - [**Market cycle position in Vienna**](/cities/vienna/market-cycle-position) · [Energy and commodities in Vienna](/cities/vienna/industries/energy-commodities) - [**Market cycle position in Charlotte**](/cities/charlotte/market-cycle-position) · [Energy and commodities in Charlotte](/cities/charlotte/industries/energy-commodities) - [**Market cycle position in Nashville**](/cities/nashville/market-cycle-position) · [Energy and commodities in Nashville](/cities/nashville/industries/energy-commodities) - [**Market cycle position in Phoenix**](/cities/phoenix/market-cycle-position) · [Energy and commodities in Phoenix](/cities/phoenix/industries/energy-commodities) - [**Market cycle position in Raleigh-Durham**](/cities/raleigh-durham/market-cycle-position) · [Energy and commodities in Raleigh-Durham](/cities/raleigh-durham/industries/energy-commodities) - [**Market cycle position in Tampa**](/cities/tampa/market-cycle-position) · [Energy and commodities in Tampa](/cities/tampa/industries/energy-commodities) - [**Market cycle position in Orlando**](/cities/orlando/market-cycle-position) · [Energy and commodities in Orlando](/cities/orlando/industries/energy-commodities) - [**Market cycle position in Salt Lake City**](/cities/salt-lake-city/market-cycle-position) · [Energy and commodities in Salt Lake City](/cities/salt-lake-city/industries/energy-commodities) - [**Market cycle position in Portland (OR)**](/cities/portland-or/market-cycle-position) · [Energy and commodities in Portland (OR)](/cities/portland-or/industries/energy-commodities) - [**Market cycle position in Pittsburgh**](/cities/pittsburgh/market-cycle-position) · [Energy and commodities in Pittsburgh](/cities/pittsburgh/industries/energy-commodities) - [**Market cycle position in Detroit**](/cities/detroit/market-cycle-position) · [Energy and commodities in Detroit](/cities/detroit/industries/energy-commodities) - [**Market cycle position in Indianapolis**](/cities/indianapolis/market-cycle-position) · [Energy and commodities in Indianapolis](/cities/indianapolis/industries/energy-commodities) - [**Market cycle position in Kansas City**](/cities/kansas-city/market-cycle-position) · [Energy and commodities in Kansas City](/cities/kansas-city/industries/energy-commodities) - [**Market cycle position in Baltimore**](/cities/baltimore/market-cycle-position) · [Energy and commodities in Baltimore](/cities/baltimore/industries/energy-commodities) - [**Market cycle position in Calgary**](/cities/calgary/market-cycle-position) · [Energy and commodities in Calgary](/cities/calgary/industries/energy-commodities) - [**Market cycle position in Ottawa**](/cities/ottawa/market-cycle-position) · [Energy and commodities in Ottawa](/cities/ottawa/industries/energy-commodities) - [**Market cycle position in Manchester**](/cities/manchester/market-cycle-position) · [Energy and commodities in Manchester](/cities/manchester/industries/energy-commodities) - [**Market cycle position in Edinburgh**](/cities/edinburgh/market-cycle-position) · [Energy and commodities in Edinburgh](/cities/edinburgh/industries/energy-commodities) - [**Market cycle position in Hamburg**](/cities/hamburg/market-cycle-position) · [Energy and commodities in Hamburg](/cities/hamburg/industries/energy-commodities) - [**Market cycle position in Stuttgart**](/cities/stuttgart/market-cycle-position) · [Energy and commodities in Stuttgart](/cities/stuttgart/industries/energy-commodities) - [**Market cycle position in Düsseldorf**](/cities/dusseldorf/market-cycle-position) · [Energy and commodities in Düsseldorf](/cities/dusseldorf/industries/energy-commodities) - [**Market cycle position in Geneva**](/cities/geneva/market-cycle-position) · [Energy and commodities in Geneva](/cities/geneva/industries/energy-commodities) - [**Market cycle position in Oslo**](/cities/oslo/market-cycle-position) · [Energy and commodities in Oslo](/cities/oslo/industries/energy-commodities) - [**Market cycle position in Helsinki**](/cities/helsinki/market-cycle-position) · [Energy and commodities in Helsinki](/cities/helsinki/industries/energy-commodities) - [**Market cycle position in Prague**](/cities/prague/market-cycle-position) · [Energy and commodities in Prague](/cities/prague/industries/energy-commodities) - [**Market cycle position in Budapest**](/cities/budapest/market-cycle-position) · [Energy and commodities in Budapest](/cities/budapest/industries/energy-commodities) - [**Market cycle position in Bucharest**](/cities/bucharest/market-cycle-position) · [Energy and commodities in Bucharest](/cities/bucharest/industries/energy-commodities) - [**Market cycle position in Barcelona**](/cities/barcelona/market-cycle-position) · [Energy and commodities in Barcelona](/cities/barcelona/industries/energy-commodities) - [**Market cycle position in Rome**](/cities/rome/market-cycle-position) · [Energy and commodities in Rome](/cities/rome/industries/energy-commodities) - [**Market cycle position in Rotterdam**](/cities/rotterdam/market-cycle-position) · [Energy and commodities in Rotterdam](/cities/rotterdam/industries/energy-commodities) - [**Market cycle position in Athens**](/cities/athens/market-cycle-position) · [Energy and commodities in Athens](/cities/athens/industries/energy-commodities) - [**Market cycle position in Auckland**](/cities/auckland/market-cycle-position) · [Energy and commodities in Auckland](/cities/auckland/industries/energy-commodities) - [**Market cycle position in Brisbane**](/cities/brisbane/market-cycle-position) · [Energy and commodities in Brisbane](/cities/brisbane/industries/energy-commodities) - [**Market cycle position in Perth**](/cities/perth/market-cycle-position) · [Energy and commodities in Perth](/cities/perth/industries/energy-commodities) - [**Market cycle position in Chennai**](/cities/chennai/market-cycle-position) · [Energy and commodities in Chennai](/cities/chennai/industries/energy-commodities) - [**Market cycle position in Pune**](/cities/pune/market-cycle-position) · [Energy and commodities in Pune](/cities/pune/industries/energy-commodities) - [**Market cycle position in Hangzhou**](/cities/hangzhou/market-cycle-position) · [Energy and commodities in Hangzhou](/cities/hangzhou/industries/energy-commodities) - [**Market cycle position in Chengdu**](/cities/chengdu/market-cycle-position) · [Energy and commodities in Chengdu](/cities/chengdu/industries/energy-commodities) - [**Market cycle position in Suzhou**](/cities/suzhou/market-cycle-position) · [Energy and commodities in Suzhou](/cities/suzhou/industries/energy-commodities) - [**Market cycle position in Yokohama**](/cities/yokohama/market-cycle-position) · [Energy and commodities in Yokohama](/cities/yokohama/industries/energy-commodities) - [**Market cycle position in Nagoya**](/cities/nagoya/market-cycle-position) · [Energy and commodities in Nagoya](/cities/nagoya/industries/energy-commodities) - [**Market cycle position in Hanoi**](/cities/hanoi/market-cycle-position) · [Energy and commodities in Hanoi](/cities/hanoi/industries/energy-commodities) - [**Market cycle position in Phnom Penh**](/cities/phnom-penh/market-cycle-position) · [Energy and commodities in Phnom Penh](/cities/phnom-penh/industries/energy-commodities) - [**Market cycle position in Kuwait City**](/cities/kuwait-city/market-cycle-position) · [Energy and commodities in Kuwait City](/cities/kuwait-city/industries/energy-commodities) - [**Market cycle position in Manama**](/cities/manama/market-cycle-position) · [Energy and commodities in Manama](/cities/manama/industries/energy-commodities) - [**Market cycle position in Cairo**](/cities/cairo/market-cycle-position) · [Energy and commodities in Cairo](/cities/cairo/industries/energy-commodities) - [**Market cycle position in Casablanca**](/cities/casablanca/market-cycle-position) · [Energy and commodities in Casablanca](/cities/casablanca/industries/energy-commodities) - [**Market cycle position in Monterrey**](/cities/monterrey/market-cycle-position) · [Energy and commodities in Monterrey](/cities/monterrey/industries/energy-commodities) - [**Market cycle position in Rio de Janeiro**](/cities/rio-de-janeiro/market-cycle-position) · [Energy and commodities in Rio de Janeiro](/cities/rio-de-janeiro/industries/energy-commodities) - [**Market cycle position in Panama City**](/cities/panama-city/market-cycle-position) · [Energy and commodities in Panama City](/cities/panama-city/industries/energy-commodities) - [**Market cycle position in San José**](/cities/san-jose-cr/market-cycle-position) · [Energy and commodities in San José](/cities/san-jose-cr/industries/energy-commodities) ## Related - [**Energy and commodities — global overview**](/industries/energy-commodities) - [**Market cycle position — global overview**](/topics/market-cycle-position) - [**All industries**](/industries) - [**All topics**](/topics) - [**Energy and commodities — Rents and incentives**](/industries/energy-commodities/rents-and-incentives) - [**Energy and commodities — Sublease market**](/industries/energy-commodities/sublease-market) - [**Energy and commodities — ESG and LEED stock**](/industries/energy-commodities/esg-and-leed) --- Citation: Source: Class A Atlas (https://classa.info/industries/energy-commodities/market-cycle-position), updated 2026-05-29T16:17:29.065Z.