The economic impact of real estate.(BOMA International report illustrates major impact of real estate industry on the economy)(Abreast of the Market)(Business Brief)(Industry Trend or Event)(Brief Article)(Industry Overview)

From: Real Estate Weekly | Date: July 19, 2000| Author: PADAVANO, KURT | Copyright information

Nearly $300 billion in taxes annually; 70 percent of local tax revenues

BOMA International, with its 17,000 members representing six of the world's seven continents, has always played a significant -- and powerful -- role in the commercial real estate industry. In fact, the North American office market comprises some 12 billion square feet of competitive spade -- and by all reasonable estimates, BOMA's membership represents almost 8.6 billion square feet, or over 70 per...

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