There, Prologis, a San Francisco real estate investment trust, is aggressively building, while recently buying an undeveloped expanse of 900 acres.
Only a few years ago, Prologis executives were excited to put up warehouses stretching across 200,000 square feet, leasing them to major brands. On a recent afternoon, bulldozers moved earth at a soon-to-be-completed 680,000-square-foot warehouse for Moen, the maker of kitchen and bathroom fixtures.
“We’re very bullish on continued growth,” said Lisa Brady, a vice president at Prologis.
Crocs, the footwear company, is preparing to open a distribution center in a new warehouse running one million square feet. There, some 400 initial workers earning starting pay of $18 an hour will begin handling orders.
More than 93,000 people work in transportation and warehousing in the state, an increase of one-fifth since before the pandemic, according to data analyzed by David Schmidt, chief economist at the Nevada Department of Employment, Training and Rehabilitation. That compares with 364,000 jobs in leisure and hospitality.
Some economists argue that warehouses are a dubious alternative to casino work, given that many people burn out after only a few years, while pay tends to be lower. But the Nevada Governor’s Office of Economic Development, which courts investment, argues that entry-level work can lead to supervisory positions that pay far more than typical jobs in leisure and hospitality.