New York and Texas ranked top 2 markets for commercial real estate development in 2016.

 

 

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By Steve Brown and the Dallas Morning News

For the second year in a row, Texas was behind only New York in total commercial real estate spending in 2016.

Commercial property construction expenditures topped $18.5 billion in the Lone Star State last year.

And development supported  310,994 Texas jobs, according to the new report by the NAIOP Research Foundation, a commercial real estate study organization.

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