The Denver region, with a population of 3.1 million, is among the most economically vibrant metropolitan areas in the United States. Its diversified economy is supported by various industries, including natural resources, health care, education and construction. As such, it is a prime market for industrial property.
A revitalized downtown, a robust and growing public light rail system, and affordable housing has led to a concentration of highly educated young workers. Some 43.7 percent of Denver’s population over the age of 25 holds a bachelor’s degree, compared with 30.6 percent for the U.S. overall.
Strong growth in retail sales, projected at 6.7 percent for 2016, plus a low unemployment rate of 2.9 percent in 2016 are spurring demand for e-commerce logistics, industrial real estate and warehouse properties in and around Denver.
Denver International Airport served 53 million travelers in 2016, making it the fifth-busiest passenger airport in the U.S. It is also the nation’s 22nd-busiest cargo airport. In addition, Denver sits astride the conjunction of three major interstate highways and several vital freight rail lines. This position, combined with advanced infrastructure, has made Denver a central location for distribution throughout the Mountain West region.
Prologis has several warehouses for lease in Denver and operates industrial real estate properties throughout the Denver region.