The commercial real estate development industry grew at the strongest pace in 2013 since the economic recovery began in 2011, according to an annual report on the state of the industry released today by the NAIOP Research Foundation.
It may be too soon to wave goodbye to the cubicle, but a new trend towards a more open and innovative workplace is sweeping America and the globe. It is called “coworking,” where workers share the same roof but not necessarily the same boss.
Development and construction of new commercial real estate – office, industrial and retail buildings – continued its climb in 2012, supporting approximately 2.3 million American jobs and contributing $303.4 billion to the nation’s economy, marking the second year that the sector posted gains since 2007, according to a new report released today by the NAIOP Research Foundation. But industry experts warn that global economic sentiment and uncertainty in Washington and state capitals are dampening a more fulsome recovery in the sector.