Economic Impacts of Commercial Real Estate: 2018
According to NAIOP Research Foundation's annual report, commercial real estate development and operation of existing buildings generated the following economic benefits:
Supported 7.6 million American jobs in 2017 (a measure of both new and existing jobs).
Contributed $935.1 billion to U.S. GDP.
Generated $286.4 billion in salaries and wages.
Read the full report to understand the full impact that commercial real estate has on the economy. Originally published by Dr. Stephen S. Fuller in January 2018 on NAIOP.org.