Study Quantifies Commerical Office Construction's Economic Impact

According to a Building Owners and Managers Asoociation International study, the commercial real estate market has a profound impact on the nation's economy.  The study, titled The Contribution of Office Building Operating Outlays on the U.S. and States' Economies in 2009, focused on office building construction and analyzed total outlays, total output, new personnel earnings, and number of jobs created in major metropolitan areas across the United States.  In 2009 alone, a total of $40.5 billion was spent on five billion square feet of commercial office space.  According to the study, this outlay also greatly supported surrounding business activity and employment. For more information, please visit: http://www.boma.org/Advocacy/RealeState/Pages/FullerStudy.aspx.