Hoping to find industrial bays and buildings for rent in Arizona? Check out listings above and use our custom search features to help you find the best spot.Arizona is a state in the southwestern region of the United States with a diverse and growing economy. The state is home to a variety of industries, including mining, healthcare, finance and insurance, agriculture, and manufacturing. The largest industries by labor force are healthcare and social assistance, retail trade, manufacturing, and accommodation and food services.
Arizona is home to a number of businesses in the mining industry, including copper, gold, and other minerals. The copper industry is the country's 4th largest responsible for 74% of the nation's production (https://azbigmedia.com/business/how-arizonas-mining-industry-will-fuel-the-economy-in-2022/)
The copper industry employs over 7,000 people, making it one of the largest employers in the state. In addition, Arizona's gold production ranks fourth in the nation and the state is home to over 30 gold mines.
Healthcare and social assistance is the second largest industry in Arizona and is projected to continue to grow. The industry employs over 200,000 people and generates over $20 billion in economic output. The industry has seen growth over the past decade and is expected to continue to expand in the future.
The retail industry is the third largest industry in Arizona and employs over 200,000 people. The industry is one of the largest employers in the state and has seen steady growth in recent years. The retail industry is expected to continue to grow and is an important part of the state's economy.
Manufacturing is the fourth largest industry in Arizona and is responsible for over $20 billion in economic output. The manufacturing industry employs over 150,000 people and has seen growth since the Great Recession. The industry is expected to continue to grow in the coming years.
Agriculture is another important industry in Arizona, employing over 100,000 people and generating over $7 billion in economic output. The agricultural industry is expected to continue to grow in the future due to the state's favorable climate, low cost of living, and access to water.
Arizona has a strong economy with a gross domestic product (GDP) of over $429.8 billion in 2021. (https://balancingeverything.com/gdp-by-state/)
The state's economy has grown steadily over the past decade and is expected to continue to grow in the future. Arizona's economic growth has been driven by the state's diverse and growing industries. The state is currently ranked 29th in the nation for GDP and is expected to continue to climb in the rankings as the state's economy continues to expand.