Mar 20, 2018
Texas topped U.S. 2017 commercial real estate development
TEXAS – For 2017, Texas was the top U.S. state for commercial real estate development contributions to the economy.With more than $24 billion in direct construction spending in Texas, the building...
TEXAS – For 2017, Texas was the top U.S. state for commercial real estate development contributions to the economy.
With more than $24 billion in direct construction spending in Texas, the building sector contributed almost $59 billion to the state’s economy, according to the NAIOP, the Commercial Real Estate Development Association report.
The sector supports almost 380,000 jobs in Texas.
Texas leads the country in warehouse and retail development, with only California leading in office development.
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