Las Vegas is one of the fastest-growing metropolitan areas in the U.S. Spurred by expansion of the gaming and tourism industries, housing construction and a growing startup scene, the Las Vegas metropolitan area has seen its population rise nearly 50 percent to 2.15 million from 2000 to 2015. Rapid growth has made the area an important hub for logistics and industrial real estate.
In 2015, Las Vegas hosted more than 42 million visitors, making it one of the most popular tourism destinations in the U.S. McCarran International is the eighth-busiest U.S. airport by number of passengers.
With a rapidly growing local population, plus easy highway connections to the ports and vast population centers of Southern California, Las Vegas has emerged as a significant regional logistics hub, especially for big-box distribution. Availability of land and speed of growth mean that Las Vegas can support industrial real estate that is newer and larger than the U.S. average.
Prologis has multiple warehouse and industrial real estate properties in the Las Vegas region, including several to the south of the city, adjacent to McCarron International Airport.