Source: NAIOP

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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.

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