Sunday, July 17, 2016

Florida Ranks Among Top Four States for Retail and Warehouse Development in National “Economic Impacts of Commercial Real Estate, 2016 Edition” Report

Thomas Bisacquino
 In Florida, commercial real estate development supports 100,569 jobs and contributes $5.7 billion to the state’s economy. Including e-commerce distribution and fulfillment facilities, Florida ranks third for warehouse and flex space development behind Texas and California. For retail space development, Florida ranks fourth behind New York, Texas and California.

Highlights from the "Economic Impacts of Commercial Real Estate, 2016 Edition" include:

·     Commercial real estate development supported 3.2 million American 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.

 “Commercial real estate continues to bring new jobs, improve infrastructure, and create places to live, work and play,” said Thomas Bisacquino, NAIOP president and CEO.

“This is positive news both for the industry and the nation, but clarity on budget policy and tax reform following the presidential election will provide more certainty and add to the confidence of developers and investors.”

 For a complete copy of the company’s news release, please contact:

Kathryn Hamilton

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