Hoping to find warehouse spaces for rent in Maryland? Check out the listings above and locate the best space for your requirements.Maryland is a state with a diverse economy, boasting a wide range of industries across the state. Among the main industries in Maryland are manufacturing, health and life sciences, financial services, information technology, and cybersecurity. These industries are key contributors to the state's Gross Domestic Product (GDP), which was estimated at $451.9 billion in 2021. (https://balancingeverything.com/gdp-by-state/)
Manufacturing is the largest of Maryland's industries, with nearly 1,000 manufacturing companies employing over 110,000 people in the state. Maryland's manufacturing sector is driven by aerospace, defense, and biotechnology, among other industries. In 2021, the sector accounted for 6.2% of the state's total GDP.
Health and life sciences are a major contributor to Maryland's economy, accounting for 4.5% of the state's GDP in 2021. Major employers in this sector include Johns Hopkins University and the University of Maryland Medical System, as well as the National Institutes of Health (NIH) and the Food and Drug Administration (FDA).
The financial services industry is also a major driver of Maryland's economy, contributing 4.2% to the state's GDP in 2021. This industry includes banks, insurance companies, and other financial institutions that employ thousands of people in the state.
Information technology and cybersecurity are two of the fastest-growing industries in Maryland, accounting for a combined 4.1% of the state's GDP in 2021. These industries have a presence in almost every sector of the economy, from government to finance to healthcare, and they employ tens of thousands of people in the state.
Overall, Maryland is a state with a diversified economy, with a variety of industries that contribute to its economic growth. In 2021, the state's total GDP was estimated at $451.9 billion, and it was ranked as the 15th largest economy in the United States. (https://balancingeverything.com/gdp-by-state/)
The state's labor force is also growing, with an unemployment rate of 3 %, which is lower than the national average of 3.4%. This suggests that Maryland's economy is continuing to grow and is well-positioned for further expansion in the future. (https://www.bls.gov/eag/eag.md.htm)