Best Industrial spaces for rent in Maryland? We got them. Look at the listings above and see all the excellent places we have for you.Maryland is a state in the Mid-Atlantic region of the United States and has a diverse economy, with a range of industries driving its economic growth. The main industries in Maryland include professional and business services, government, education and health services, leisure and hospitality, trade, transportation, and utilities. These industries collectively employ over 3.1 million Marylanders and contribute significantly to the state's gross domestic product (GDP).
(https://www.bls.gov/eag/eag.md.htm)
Maryland's professional and business services sector is a major component of the state's economy, accounting for over 17% of Maryland's GDP. This sector is composed of a variety of industries, such as finance, insurance, real estate, scientific and technical services, and professional and technical services. The state's government sector is also a major contributor to Maryland's economy, employing over 500,000 people and accounting for 14% of the state's GDP.
Education and health services are also important industries in Maryland, employing over 800,000 people and contributing 10% of the state's GDP. The leisure and hospitality sector also makes a significant contribution to Maryland's economy, employing over 200,000 people and accounting for 6% of the state's GDP.
The trade, transportation, and utilities sector is the fourth largest industry in Maryland, employing over 500,000 people and contributing 8% of the state's GDP. This sector is composed of industries such as retail and wholesale trade, transportation, warehousing, and utilities.
Overall, Maryland's economy has been growing steadily over the past decade. The state's GDP grew by 5% in the fourth quarter of 2021.
(https://www.whitehouse.gov/wp-content/uploads/2022/06/Maryland.pdf) According to the Bureau of Economic Analysis, Maryland's GDP is ranked 15th in the nation, behind California, Texas, and New York. In addition, Maryland is ranked 1st in the nation for highest median household this being $91,431
(https://www.investopedia.com/median-income-by-state-5070640)
In summary, the main industries in Maryland include professional and business services, government, education and health services, leisure and hospitality, trade, transportation, and utilities. These industries collectively employ over 2.7 million Marylanders and together contribute significantly to the state's GDP. Maryland's economy has been growing steadily over the past decade, and the state is currently ranked 15th in the nation for GDP
(https://balancingeverything.com/gdp-by-state/)