America‘s Commercial Real Estate Show The Economic Impact of Commercial Real Estate with Marc Selvitelli
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Mar 3, 2026 
Marc Selvitelli, CEO of NAIOP and CRE research leader, discusses the industry’s $3.5 trillion GDP footprint and 20M+ jobs. He covers office trends like hybrid work and conversions, industrial and retail normalization, multifamily stability, state-level impact data, tax and regulatory pressures, and the 2026 outlook for capital and starts.
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Commercial Real Estate's Massive Economic Footprint
- Commercial real estate contributed $3.5 trillion to U.S. GDP and supported about 20.5 million jobs in 2025.
- Marc Selvitelli started the NAIOP report in 2006 to quantify CRE's broad economic impact across construction, operations, and occupations.
Use State Data To Influence Permitting Reform
- Use state-level NAIOP economic data to persuade elected officials to streamline permitting and reduce development costs.
- Marc notes members can access state reports to make the case at their state capitals.
Cut Red Tape To Make Multifamily Economical
- Push municipalities to cut duplicative regulations and red tape to speed multifamily development and lower housing costs.
- Marc warns lengthy approvals often add years and materially increase project costs.