Commercial real estate development in California is a powerful economic engine, creating jobs and generating significant fiscal contributions to local, state and national economies.
A LOOK AT CALIFORNIA
- Contributions to State Economy (GDP) $52.7 billion
- Wages and Salaries Generated $17.7 billion
- Jobs Created and Supported 333,817
Prop. 13 and “Split-Roll”
NAIOP’s top state issue is protecting Prop. 13 and opposing a “split-roll” property tax system. NAIOP feels a “split-roll” tax system – wherein commercial property is taxed at a higher rate than residential – will drive jobs out of California and do extreme harm to the commercial real estate industry. More information on this effort is available here: http://stophigherpropertytaxes.org/
The need for continuous, broad based infrastructure funding is paramount whether for new construction, repair, or replacement of aging assets. NAIOP will actively engage in discussions on additional revenue resources, through bonding or other proposals to ensure the City is able to catch up on past deficiencies and meet future long-term needs. A key component of NAIOPs messaging in these discussions will continue to be promoting affordable housing funding as an essential element of community infrastructure
California Business Properties Association
CBPA is the designated legislative advocate for ICSC, NAIOP, BOMA, RILA, IREM, ACRE, NAREIT, AIR CRE & CALED. CBPA currently represents over 10,000 members, making it the largest consortium of commercial real estate professionals in California.