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January 19, 2012

2010 construction spending: $232B

By JOURNAL STAFF

WASHINGTON — A new NAIOP report shows that commercial development and construction spending in the United States totaled $231.7 billion in 2010, or $317 billion less than in 2007.

Of the total, $120.2 billion was spent on “hard costs,” or actual construction; $111.5 billion was spent on “soft costs,” such as design and marketing; and the rest was for building operations.


 
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