Measuring Commercial Real Estate's Impact

Construction and development of commercial real estate generates significant economic benefits throughout the U.S. and Canada.

Release Date: August 2025

Economic Impacts of Commercial Real Estate in Canada, 2025 Edition

The NAIOP Research Foundation commissioned this report to examine the economic benefits of commercial construction across four distinct CRE asset classes, namely industrial, retail and hospitality, office, and institutional multifamily housing during 2024. The report also describes the benefits of commercial brokerage, property management and landlord operations.

Read the Report Province and City Reports
Release Date: January 2025

Economic Impacts of Commercial Real Estate, 2025 U.S. Edition

Development and construction of new commercial real estate in the United States – office, industrial, warehouse and retail – generates significant economic growth at the state and national levels. This annual study, published by the NAIOP Research Foundation, measures the contribution to GDP, salaries and wages generated and jobs supported from the development and operations of commercial real estate.

Read the Report State Reports

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The NAIOP CRE Sentiment Index

The NAIOP CRE Sentiment Index for September 2025 is 56, an increase from the March 2025 score, indicating that respondents expect conditions for commercial real estate to improve over the next 12 months.

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Development magazine Fall 2025

Development’s fall issue features a profile of Vulcan Real Estate, NAIOP’s 2025 Developer of the Year. Also included: an innovative adaptive reuse project that transformed an iconic former Sears store into modern multifamily residences; a look at how baby boomers are changing the senior living market; and the influence sports and entertainment districts are having on urban real estate.

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The asset class offers upside potential and downside protection  in an uncertain economic climate.

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NAIOP: Commercial Real Estate Industry Generated $342.3 Billion in Economic Activity in Canada

A new report released by the NAIOP Research Foundation found that the commercial real estate (CRE) industry’s construction spending and ongoing operations in Canada generated $342.3 billion in economic activity in 2024.

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NAIOP New Jersey: Standing Up for CRE and the Logistics Industry

NAIOP New Jersey is at the heart of Circulate NJ’s efforts to change the public discourse.

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Bringing Portland Back From the Brink

A coalition of Oregon real estate organizations is working to change the city’s trajectory by influencing policy at multiple levels.

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