The industry's contribution to the national economy rose by 40 percent in 2014, and commercial expenditures added up to $174.31 billion — the greatest volume since the recession. The industry supported almost four million jobs nationwide.
Texas had the largest direct commercial real estate expenditures last year at almost $42 billion. Over 776,000 of the state's jobs were derived in part or all from commercial real estate.
California was a distant second with $13 billion, followed by New York with $10.5 billion.
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