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

Related Articles

Take a look at more information on the economy.

Magazine Article

Tariffs, Tax Credits and Transformation

Upcoming opportunities will be available to stack incentives for developments in underserved markets.

Read more
Magazine Article

Era of Uncertainty Results in Hesitancy, Indecision

Research directors and Distinguished Fellows share perspectives on the trends shaping the short-term and long-term outlook for CRE in Canada and the U.S.

Read more
Report

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.

Read more
Advocacy

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.

Read more
Advocacy

Development magazine Winter 2025-2026

In Development’s winter 2025/2026 issue, find out why power availability has become a top constraint for commercial real estate development and what stakeholders are doing in response. Also featured: the ongoing transformation of Philadelphia’s Navy Yard; the office market’s selective rebound; 25 years of the NAIOP Research Foundation; and how research directors view the trends shaping the industry in Canada and the U.S.

Read more
Magazine Article

Market Forces Open Opportunities in Multifamily

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

Read more
Close