Report confirms strength in commercial building activity
- Published: Thursday, 18 September 2014 16:01
- Written by Concrete News
The commercial real estate development industry grew at the strongest pace since the economic recovery began in 2011, according to “The Economic Impacts of Commercial Real Estate,” an annual state of the industry report from the NAOIP Research Foundation, Washington, D.C. Author Dr. Stephen S. Fuller, director of George Mason University Center for Regional Analysis, finds the economic impact attributable to nonresidential development, which rose 24 percent over the previous year—the largest gain since the sector began to recover in 2011.