With commercial real estate markets experiencing their best year in 7 years, 2014 was an even better year for Texas, as it took the top spot in a report by NAIOP, the commercial real estate development association. Commercial real estate markets in the US spent more than $174 billion and supported nearly 4 million jobs with Texas accounting for nearly $42 billion of that. California, which took #2 in the list, by comparison spent only $13 billion in 2014. The top three commercial real estate markets (New York was #3 with $10.5 billion) accounted for more than 37.5% of the entire US markets expenditures.
image courtesy of JD Hancock