Economic Impacts of Commercial Real Estate – 2017 Edition

The annual NAIOP Economic Impacts of Commercial Real Estate report is conducted for purposes of estimating the annual economic contribution of commercial real estate development to the U.S. economy. Highlights from the 2017 report include:

  • Commercial real estate development supported 3.3 million American jobs in 2016 (a measure of both new and existing jobs).
  • Commercial real estate development contributed $465 billion to U.S. GDP in 2016.
  • There were 410.1 million square feet of commercial real estate space built in 2016, with capacity to house 1.1 million new workers.

Read the Economic Impacts of Commercial Real Estate, 2017 Edition online, and learn more about how you can support the work of the NAIOP Research Foundation.

The full report includes detail by product type and impact on state economies.

Click here to read the report.

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