An Overview of Data Impacting Commerical Real Estate: Economic Contributions to the U.S. Economy from Development of Commercial Real Estate Buildings.

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An Overview of Data Impacting Commerical Real Estate Economic Contributions to the U.S. Economy from Development of Commercial Real Estate Buildings Development Phases Pre-Construction Construction Soft Construction Site (Soft Costs) Development architecture, grading, paving, engineering landscaping, legal, marketing, roadway, parking, management, off-site administration improvements Direct 2017 $28.58 $24.73 Expenditures (In Billions 2016 25.06 21.42 of Dollars) 2015 23.84 20.20 2014 27.64 28.56 2013 19.66 21.07 2012 15.88 17.34 In 2017, direct expenditures of $187.09 billion contributed $541.01 billion to U.S. GDP. Total Economic 2017 $85.33 $71.09 Contribution (1) to GDP 2016 72.19 62.34 (In Billions of 2015 68.68 58.79 Dollars, Includes 2014 75.54 88.12 Multiplier Effect) 2013 53.73 65.00 2012 43.39 53.51 In 2017, direct expenditures of $187.09 billion generated $173.54 billion in personal earnings in the U.S. Personal 2017 $29.20 $22.52 Earnings (2) (In Billions of 2016 26.18 19.73 Dollars, Includes 2015 24.91 18.60 Multiplier Effect) 2014 25.18 27.89 2013 17.91 20.57 2012 14.46 16.94 In 2017, direct expenditures of $187.09 billion supported 3.6 million jobs in the U.S. economy. Jobs Supported (3) 2017 572,497 475,171 (includes Multiplier Effect) 2016 538,680 439,801 2015 512,509 414,765 2014 508,712 668,953 2013 361,866 493,314 2012 292,219 406,107 Development Phases Construction Hard Tenant Construction Improvements (Hard Costs) labor, materials interior and construction construction management (exludes furniture and equipment) Direct 2017 $98.55 $ 35.23 Expenditures (In Billions 2016 82.96 30.60 of Dollars) 2015 81.17 29.80 2014 87.76 30.35 2013 61.65 21.84 2012 49.18 17.73 In 2017, direct expenditures of $187.09 billion contributed $541.01 billion to U.S. GDP. Total Economic 2017 $ 283.31 $101.28 Contribution (1) to GDP 2016 241.40 89.06 (In Billions of 2015 236.20 86.71 Dollars, Includes 2014 270.77 93.66 Multiplier Effect) 2013 190.22 67.40 2012 151.75 54.71 In 2017, direct expenditures of $187.09 billion generated $173.54 billion in personal earnings in the U.S. Personal 2017 $89.74 $32.08 Earnings (2) (In Billions of 2016 76.39 28.18 Dollars, Includes 2015 74.75 27.44 Multiplier Effect) 2014 85.70 29.65 2013 60.21 21.33 2012 48.03 17.32 In...

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