Florida’s commercial real estate industry contributed $189.4 billion to the state’s economy in 2017, the third most of any state, according to an annual economic impact study.
Only California and Texas contributed more, according to a NAIOP Commercial Real Estate Development Association survey conducted by George Mason University.
Florida also ranked third among the states in spending on commercial real estate, at $99.8 billion. Only Texas and California were bigger spenders.
Florida ranked fifth in total economic impact in 2017 at $19.3 billion, behind California, Texas, New York and Pennsylvania.
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