|BOMA's Economic Impact Study|
BOMA International’s Economic Impact Study
Revised BOMA Economic Impact Study
BOMA International’s newly revised economic impact study - Where America Goes to Work: The Contribution of Office Building Operations to the Economy / 2014 - details the impact of commercial office space on the national and local economies. The commercial real estate industry is a significant driver of the nation’s economic engine. In fact, the office building industry contributed $227.6 billion to the U.S. economy in 2013 alone. Real estate also is one of the leading employers in the United States. According to the latest numbers, office building operations alone supported 1.8 million jobs, including over 25,000 jobs in Colorado alone.
Where America Goes to Work: The Contribution of Office Building Operations to the Economy, 2012 - details the impact of commercial office space on the national and local economies. The study found that the 9.9 billion square feet of office space served by BOMA’s 93 local associations generated $79.7 billion in direct operating expenditures – enough to build One World Trade Center 20 times over. The report also found that building operations contribute $205 billion to GDP and support 2.2 million direct jobs and 1.6 million indirect jobs.
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