{"id":3254,"date":"2017-04-11T00:00:00","date_gmt":"2017-04-11T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/10-states-investing-the-most-in-commercial\/"},"modified":"2017-04-11T00:00:00","modified_gmt":"2017-04-11T00:00:00","slug":"10-states-investing-the-most-in-commercial","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/10-states-investing-the-most-in-commercial\/","title":{"rendered":"10 States Investing the Most in Commercial"},"content":{"rendered":"

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The construction and ongoing operations of new commercial real estate\u2014encompassing office, industrial, warehouse, and the retail sectors\u2014supported a whopping 6.25 million American jobs and contributed $861 billion to the U.S. GDP in 2016. That’s\u00a0according to a new study, \u201cEconomic Impacts of Commercial Real Estate<\/a>,\u201d published by the NAIOP Research Foundation. Construction within the commercial sector continues to grow, with construction spending up 3.4 percent last year over the previous year.<\/p>\n

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Read more<\/strong>: Which Commercial Niche Is Right for You?<\/span><\/p>\n<\/blockquote>\n

In 2016, about 410 million square feet of office, retail, warehouse, and industrial space was added to the market, which is enough to house more than 1 million new workers, according to the report.<\/p>\n

\u201cThe importance of commercial development to the U.S. economy is well established, and the industry\u2019s growth is critical to creating new jobs, improving infrastructure, and creating places to work, shop, and play,\u201d says Thomas Bisacquino, NAIOP president and CEO.<\/p>\n

The following 10 states had the highest construction value for office, industrial, warehouse, and retail combined, according to the report:<\/p>\n

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  1. New York<\/li>\n
  2. Texas<\/li>\n
  3. California<\/li>\n
  4. Louisiana<\/li>\n
  5. Florida<\/li>\n
  6. Georgia<\/li>\n
  7. Michigan<\/li>\n
  8. Illinois<\/li>\n
  9. Pennsylvania<\/li>\n
  10. Massachusetts<\/li>\n<\/ol>\n

    Source: \u201cLatest Report: U.S. Commercial Real Estate Development Supports 6 Million Jobs, Contributes $861 Billion to the Economy,\u201d NAIOP.org (April 10, 2017)<\/em><\/p>\n<\/div>\n<\/div>\n

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    The construction and ongoing operations of new commercial real estate\u2014encompassing office, industrial, warehouse, and the retail … 10 States Investing the Most in Commercial<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":3255,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[518,1009,2890,1399,1231,617,41,818,84],"class_list":["post-3254","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-america","tag-commercial-real-estate","tag-construction","tag-development","tag-foundation","tag-house","tag-property","tag-real","tag-real-estate"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/04\/GMCTOnzpCMw","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":1270,"url":"https:\/\/amazingproperty.com.ng\/blog\/nar-2017-will-be-strong-year-for-commercial\/","url_meta":{"origin":3254,"position":0},"title":"NAR: 2017 Will Be Strong Year for Commercial","author":"Amazing Property","date":"February 24, 2017","format":false,"excerpt":"[ad_1] Strengthening demand from smaller markets will help the commercial sector see stable growth and offer \u201cdecent\u201d returns for investors in 2017, according to the National Association of REALTORS\u00ae\u2019 quarterly commercial real estate forecast. 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