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 2016 report include:
- Commercial real estate development supported 3.2 million U.S. jobs in 2015 (a measure of both new and existing jobs).
- Commercial real estate development contributed $450 billion to U.S. GDP.
- There were 429.4 million square feet of commercial real estate space built in 2015, with capacity to house 1.1 million new workers.
Read the Economic Impacts of Commercial Real Estate, 2016 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. Read the full report.