Development and construction of new commercial real estate—office, industrial, warehouse and retail—supports approximately 3.2 million American jobs and contributed $450 billion to U.S. GDP in 2015, according to a new report released by the NAIOP Research Foundation. The report also determined nearly 430 million square feet of commercial real estate space was built in 2015, with capacity to house 1.1 million new workers.

Looking ahead, the NAIOP Research Foundation forecasts accelerated construction spending, with gains in fixed investment in office, retail, health care and distribution facilities being partially offset by cutbacks in energy-related construction expenditures. Download the full report, including detail by building type and state rankings, at