The greater Los Angeles/Orange County area is the world’s 11th-largest economy with a regional GDP of nearly $1 trillion. With a combined population of 13 million, the region is more populous than 46 of the country’s 50 states. The region is also the most densely populated metropolitan area in the U.S.
Los Angeles/Orange County has a remarkably diverse economy, fueled by entertainment, media, technology, financial services, tourism, manufacturing, health care and trade. The area’s high concentration of consumers and businesses drives strong demand for logistics real estate and associated services. Simultaneously, supply is constrained due to a scarcity of developable land. Despite a tight market for space and relatively high rents, companies choose to locate their distribution facilities in the Los Angeles/Orange County area to facilitate fast access to the region’s high-income consumer population.
The movement of goods plays an important role in the region’s diverse economy. Combined, the ports of Los Angeles and Long Beach comprise the largest port system in the U.S. and serve as a center for trans-Pacific trade. The region’s several major airports—including Los Angeles International Airport (LAX) which is the fourth-busiest cargo airport in the U.S.—are significant hubs for cargo transport.
Prologis operates many warehouses and industrial real estate properties in the Los Angeles/Orange County region.