Measuring Commercial Real Estate's Impact

Construction and development of commercial real estate generates significant economic benefits throughout the U.S. and Canada.

Release Date: January 2026

Economic Impacts of Commercial Real Estate, 2026 U.S. Edition

Development and construction of new commercial real estate in the United States – office, industrial, warehouse, retail and multifamily – generates significant economic growth at the state and national levels. This annual study, published by the NAIOP Research Foundation, measures the contribution to GDP, salaries and wages generated and jobs supported from the development and operations of commercial real estate.

Read the Report State Reports
Release Date: August 2025

Economic Impacts of Commercial Real Estate in Canada, 2025 Edition

The NAIOP Research Foundation commissioned this report to examine the economic benefits of commercial construction across four distinct CRE asset classes, namely industrial, retail and hospitality, office, and institutional multifamily housing during 2024. The report also describes the benefits of commercial brokerage, property management and landlord operations.

Read the Report Province and City Reports

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Economic Impacts of Commercial Real Estate, 2026 U.S. Edition

Development and construction of new commercial real estate in the United States – office, industrial, warehouse and retail – generates significant economic growth at the state and national levels. This annual study, published by the CREDA Research Foundation, measures the contribution to GDP, salaries and wages generated and jobs supported from the development and operations of commercial real estate.

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Tariffs, Tax Credits and Transformation

Upcoming opportunities will be available to stack incentives for developments in underserved markets.

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Era of Uncertainty Results in Hesitancy, Indecision

Research directors and Distinguished Fellows share perspectives on the trends shaping the short-term and long-term outlook for CRE in Canada and the U.S.

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The CREDA CRE Sentiment Index

The CREDA CRE Sentiment Index for March 2026 is 52, indicating that respondents expect slightly improving commercial real estate conditions over the next 12 months.

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Development magazine Winter 2025-2026

In Development’s winter 2025/2026 issue, find out why power availability has become a top constraint for commercial real estate development and what stakeholders are doing in response. Also featured: the ongoing transformation of Philadelphia’s Navy Yard; the office market’s selective rebound; 25 years of the NAIOP Research Foundation; and how research directors view the trends shaping the industry in Canada and the U.S.

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