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Industrial boomtown? Las Vegas ranks fourth in US for submarket’s real estate growth

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Las Vegas ranks fourth in the national for commercial industrial growth, according to a new report.

The valley trails only Bakersfield, California, Riverside-San Bernardino and Fresno in a recent Commercial Cafe’s Industrial Boomtowns: The U.S. Metros Where Logistics & Warehousing Grew Fastest ranking, which looks at a number of factors.

Logistics employment in the valley increased 105 percent from 2014 to 2024, adding approximately 44,661 workers while logistical job growth substantially outpaced population growth, according to Commercial Cafe.

The number of logistics jobs per resident increased 76.8 percent from 2014 to 2024 in the valley, the fourth highest increase among the top 20 metros and the fifth highest nationally.…

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