Texas topped the country in commercial real estate development in 2017

Oil and cattle are the iconic business touchstones for Texas.

But it’s real estate development where the Lone Star State really leads the country.

Last year, Texas was the top U.S. state for commercial real estate development contributions to the economy.

With more than $24 billion in direct construction spending in Texas, the building sector contributed almost $59 billion to the state’s economy, according to a new report by the NAIOP, the Commercial Real Estate Development Association.  The sector supports almost 380,000 jobs in the state, the new study finds. 

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