Northern Italy—with its comparatively low unemployment, high incomes and savings—is the wealthiest region in Italy, and Milan is its commercial, financial and population center. Greater Milan Area has a metropolitan population of about 7 million and represents about one-fifth of Italy's GDP.
Milan has a high concentration of companies in fashion, textiles, design, chemicals, manufacturing, banking, sports, media and services. It is home to Italy’s main stock exchange. Milan is the seat of several universities, including Catholic University of the Sacred Heart, Bocconi University, University of Milan and Milan Polytechnic.
Northern Italy is located at a nexus of transit corridors through the Po River valley and on the main route connecting Italy with the rest of Europe. As a result, transportation, logistics and distribution are vital to Milan’s economy. An extensive road and rail network connects Milan to the countryside and other cities throughout Italy and Europe.
Northern Italy is home to three international airports, Linate, Malpensa and Orio al Serio, which together accommodate 35 million passengers through their terminals annually. Malpensa is Europe’s tenth-largest air cargo hub.
As Italy’s densest and wealthiest population center, Northern Italy is the country’s prime warehousing location. Consumption, trade and emerging e-commerce players drive demand for logistics services.
Prologis has industrial properties and warehouses in the Northern Italy region.