A newly released study – “Economic Impacts of Commercial Real Estate in Canada” – quantifies the economic impact of commercial real estate investment in Canada, with a specific focus on estimating the impact tied to investment in the country’s largest Census Metropolitan Areas (CMAs), including Vancouver, Calgary, Edmonton, Toronto, Ottawa-Gatineau and Montreal.
New development and ongoing operations of existing commercial real estate buildings in the United States – office, industrial, warehouse and retail – generates significant economic growth at the state and national levels. The combined impact of these property types supported 8.3 million American jobs and contributed $1 trillion to U.S. GDP in 2018.
NAIOP, the Commercial Real Estate Development Association, recently honored 11 NAIOP chapters and eight individuals with the association’s coveted Chapter Merit Awards.
See all NAIOP News