Dive Brief:
- NAIOP, the commercial development organization, says in its report for 2013 that energy-related development helped as the industry had its best year since coming out of the recession.
- The figures, which exclude residential projects, put Texas at the top of the list of states for construction value, followed by Louisiana, New York, California and Iowa in the top five.
- The industrial space, driven by energy-processing investment, was up 48.5% from 2012, warehouse rose 38.1% and office gained 23.3%, leaving retail behind with 4.8% growth year over year.
Dive Insight:
The data can be found in the annual report issued by the NAIOP Research Foundation. Energy-processing facilities helped put Louisiana on the Top 10 list, along with Maryland, West Virginia and Georgia. They took spots away from Illinois, Ohio, Massachusetts and North Carolina, all of which had been in the Top 10 in 2012.