State Reports

State Reports

The commercial real estate development industry in 2014 saw its best year since 2007. The economic contributions yielded by the development process increased significantly by 40 percent over the previous year, the largest gain since the market began to recover in 2011.

Direct expenditures for 2014 totaled $174.31 billion, up from $124 billion the year before, and resulted in the following economic contributions to the U.S. economy:

  • Total contribution to U.S. GDP reached $528.1 billion, up from $376.35 billion in 2013.
  • Personal earnings (or wages and salaries paid) totaled $168.42 billion, up from $120.02 billion in 2013.
  • Jobs supported (a measure of both new and existing jobs) reached 3.94 million in 2014, up from 2.81 million the year before.

Forecasts predict increased construction spending and growing investment in office, industrial and retail buildings will yield greater contributions to GDP through 2017.

See how the states rank with cards specific to NAIOP’s chapters in the United States.

The data source is "Economic Impacts of Commercial Real Estate, 2015 Edition" by the NAIOP Research Foundation, June 2015.

All reports are in PDF format .

Alabama Alabama
Arizona Arizona
California Inland Empire
Sacramento Valley
San Diego
San Francisco
Silicon Valley
Colorado Colorado
Connecticut Connecticut/Suburban New York
District of Columbia DC|MD
Florida Central Florida
Northeast Florida
Northwest Florida
South Florida
Tampa Bay
Georgia Georgia
Hawaii Hawaii
Illinois Chicago
Indiana Indiana
Kentucky Cincinnati/Northern Kentucky
Maryland Maryland
Massachusetts Massachusetts
Minnesota Minnesota
Nevada Northern Nevada
Southern Nevada
New Jersey New Jersey
New Mexico New Mexico
New York Connecticut/Suburban New York
New York City
Upstate New York
North Carolina Charlotte
North Carolina Piedmont Triad
Raleigh Durham
Ohio Central Ohio
Cincinnati/Northern Kentucky
Dayton Area
Northern Ohio
Oklahoma Tulsa
Oregon Oregon
Pennsylvania Pittsburgh
Greater Philadelphia
Tennessee Nashville
Texas Houston
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Utah Utah
Virginia Northern Virginia
Washington Washington State
Wisconsin Wisconsin