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Texas tops U.S. commercial real estate market Texas tops U.S. commercial real estate market https://www.recenter.tamu.edu/news/newstalk-texas/?Item=3832015-07-14T11:57:00Z2015-07-14T07:59:00Z

TEXAS - Last year was the best time for commercial real estate in seven years, according to the July 2015 The Economic Impacts of Commercial Real Estate by NAIOP —  the Commercial Real Estate Development Association.

In addition, Texas was the top commercial property market in the country according ,

Texas by far had the largest direct commercial real estate expenditures last year — almost $42 billion. And more than 776,000 of the state’s jobs were derived in part or all from commercial real estate. 

The industry group said that commercial real estate’s contribution to the national economy rose by 40 percent in 2014 from the previous year.

Commercial property direct expenditures for 2014 added up to $174.31 billion — the greatest volume since before the recession.

Moreover, the industry supported almost 4 million jobs nationwide.

Top Ten States by Development Value for Office, Industrial, Warehouse, Retail
State 2014 Direct
Expenditures
(in billions)
Jobs
Supported
Texas $41.981 776,128
California $13.369 218,142
New York $10.512 132,535
Louisiana $6.401 106,916
Nevada $6.032 90,529
Pennsylvania $6.004 103,710
Florida $5.850 113,558
Washington $5.057 79,848
Illinois $4.925 81,658
Ohio $4.022 75,968


Read more at the Dallas Morning News.

Dallas Morning News
Texas
Economy
http://bizbeatblog.dallasnews.com/2015/07/texas-was-the-top-u-s-commercial-real-estate-market-last-year.html/Read more at {Source}

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