AZ Ranks 8th for Industrial/Warehouse Development

The recently released NAIOP Research Foundation “Economic Impacts of Commercial Real Estate, 2021 U.S. Edition,” study lists Arizona in eighth place, nationwide, contributions to state GDP for both warehouse and manufacturing development. Data for 2020 showed commercial construction and development across the manufacturing, warehouse, office and retail sectors in Arizona contributed $11B to the economy. Nationally, contributions from those factors contributed $1.01T to the GDP. (Source)