The $25 trillion land grab

NEW YORK (Business 2.0) – There has been an impressive amount of construction in the United States over the last three centuries: All told, we’ve built more than 300 billion square feet of homes, offices, factories and other structures.

But according to new studies from the Brookings Institution and Virginia Tech urban planning professor Robert Lang, we’re about to pick up the pace — it will take just 25 years to erect the next 200 billion square feet, which we’ll need to accommodate 70 million more people and to replace homes and offices erased by everything from disasters like Hurricane Katrina to plain old obsolescence.

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