Best Industrial spaces for rent in Iowa? We got them. Look at the listings above and see all the excellent places we have for you.Iowa is a state in the Midwestern region of the United States, situated between the Missouri and Mississippi rivers. It is one of the leading states in agricultural production and is a major contributor to the country's GDP.
The main industries in Iowa include food processing, agricultural production, manufacturing, finance, insurance, and real estate. Agriculture is the state's leading industry, employing around one-third of the state's workforce and contributing around $9.5 billion to the state's GDP. Iowa is a major producer of soybeans, corn, hogs, and eggs. Animal food processing is also a major industry in Iowa, with the state's agribusiness sector contributing around 20% of the state GDP.
Iowa's manufacturing industry is also a major contributor to the state's GDP, accounting for around 20% of the total. The state is a major producer of fabricated metal products, machinery, chemicals, plastics, and food products. The state also has a large number of technology companies, particularly in the software and biotechnology sectors.
The finance, insurance, and real estate sector is the state's third largest industry, contributing around 10% of the state's GDP. This sector is a major employer in the state, with around 70,000 people employed in financial services jobs.
Iowa has seen strong economic growth in recent years, with the state's GDP growing at an average rate of 8.49% over a five year period between 2016 and 2021. (https://www.deptofnumbers.com/gdp/iowa/)
This growth rate has been higher than the national average, making Iowa one of the fastest-growing states in the US. According to the US Bureau of Economic Analysis, Iowa had the 30th-highest GDP growth rate in the country in 2031 (https://www.deptofnumbers.com/gdp/iowa/)
Overall, Iowa is a major contributor to the US economy, with its main industries of agriculture, manufacturing, and finance, insurance, and real estate making up a large portion of the state's GDP. These industries have seen strong growth in recent years, and the state is expected to continue to experience positive economic trends in the future.