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| 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
703-904-7100
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