Gov. Scott: Florida among Top Ten States in the Nation for Commercial Real Estate Construction Value Last Year

Governor Rick Scott announced today that a new national report released by the NAIOP Research Foundation ranked Florida among the top ten states in the nation for construction values for the development of office, industrial, warehouse, and retail commercial real estate development in 2012. NAIOP is the national Commercial Real Estate Development Association. According to the NAIOP report, Florida was number 7 in 2010, increasing from seven to six in national ranking from 2010 to 2012.

Governor Scott said, “Florida’s improved ranking in commercial real estate development value is yet another indicator that it’s working. When I took office, Florida’s real estate market had collapsed. Since then we have cut taxes, made strategic investments and cut government waste, and today Florida’s economy is providing more opportunities for Florida families. We still have more work to do, but these gains are important signs of Florida’s economic growth.”

Florida was sixth on the list of the top ten states for commercial real estate, posting $1.97 billion in construction value for the development of office, industrial, warehouse, and retail commercial real estate. This spending supported 78,274 jobs, according to the study.

The NAIOP study also highlighted commercial real estate’s support of 2.3 million American jobs in 2012 nationwide and its contribution of $303.4 billion to the U.S. GDP, as well as nearly 10 percent growth in construction and development spending from 2011.

 

Comments are closed.