Economic Contributions to the U.S. Economy from Development of Commercial Real Estate Buildings, 2014-2019 (In Billions Of Dollars).

Economic Contributions to the U.S. Economy from Development of Commercial Real Estate Buildings, 2014-2019 (In Billions Of Dollars) Development Phases Pre-Construction Soft Site Construction Development (Soft Costs) grading, paving, architecture, landscaping, engineering, roadway, legal, parking, off- site- marketing, improvements management, administration 2019 $34.05 $29.52 Direct 2018 31.71 27.88 Expenditures 2017 28.58 24.73 (in Billions 2016 25.06 21.42 of Dollars) 2015 23.84 20.20 2014 27.64 28.56 In 2019, direct expenditures of $217.2 billion contributed $667.4 billion to U.S. GDP. 2019 $97.27 $91.92 Total 2018 94.66 80.15 Economic 2017 85.33 71.09 Contribution (1) 2016 72.19 62.34 to GDP 2015 68.68 58.79 (in Billions 2014 75.54 88.12 of Dollars, includes Multiplier Effect) In 2019, direct expenditures of $217.2 billion generated $242.9 billion in personal earnings in the U.S. 2019 $34.98 $33.52 Personal 2018 32.39 25.39 Earnings (2) 2017 29.20 22.52 (In Billions 2016 26.18 19.73 of Dollars, 2015 24.91 18.60 Includes 2014 25.18 27.89 Multiplier Effect) In 2019, direct expenditures of $217.2 billion supported 4.7 million jobs in the U.S. economy. 2019 644,661 657,281 Jobs 2019 635,078 535,778 Supported (1) 2017 572,497 475,171 (Includes 2016 538,680 439,801 Multiplier 2015 512,509 414,765 Effect) 2014 508,712 668,953 Development Phases Construction Hard Tenant Construction Improvements (Hard Costs) labor, interior materials, design and construction construction management (excludes furniture and equipment 2019 $114.31 $39.27 Direct 2018 109.01 38.27 Expenditures 2017 98.55 35.23 (in Billions 2016 82.96 30.60 of Dollars) 2015 81.17 29.80 2014 87.76 30.35 In 2019, direct expenditures of $217.2 billion contributed $667.4 billion to U.S. GDP. 2019 $355.98 $122.28 Total 2018 315.96 110.03 Economic 2017 283.31 101.28 Contribution (1) 2016 241.40 89.06 to GDP 2015 236.20 86.71 (in Billions 2014 270.77 93.66 of Dollars, includes Multiplier Effect) In 2019, direct expenditures of $217.2 billion generated $242.9 billion in personal earnings in the U.S. 2019 $129.81 $44.59 Personal 2018 100.08 34.85 Earnings (2) 2017 89.74 32.08 (In Billions 2016 76.39 28.18 of Dollars, 2015 74.75 27.44 Includes 2014 85.70 29.65 Multiplier...