Source: NAIOP
Articles
Codes and Standards
January 12, 2011
Commercial Real Estate GDP Contribution Significant Despite Economic Decline
Study shows Commercial Real Estate Development and Construction annually contribute $288 billion to GDP; down from 2007 contribution of $549 billion. Commercial real estate development and construction is a perpetual and valuable economic engine, with spending and directly related outlays generating a significant financial impact and helping to counter the recessionary forces that have undermined the economy’s performance since December 2007.
By Source: NAIOP