Las Vegas is expected to be among the 50 fastest-growing metropolitan areas over the next five years, according to a computer projection released today by Pitney Bowes Software.The city ranks 48th in percentage of anticipated growth and 23rd in the expected number of new households in Pitney Bowes’ first Metro Magnet Index report.The model, which examined trends in 384 U.S. metropolitan areas, forecasts slow, steady 1 percent annual growth for Las Vegas over the next five years, adding 33,500 households by 2017.The growth forecast for Las Vegas is comparable to Phoenix, which was one of the fastest-growing cities in the first decade of the 21st century. In terms of number of real households, Las Vegas is on par with projections for the Chicago and Nashville metropolitan areas.Pitney Bowes created the model as a way of helping businesses map future expansion plans.“Projected household growth is a critical indicator for the economic prospects of a specific geographic area, and this data can help real estate, retail and a range of other businesses, plan their growth strategy scientifically,” John O’Hara, president of Pitney Bowes, said in a statement.
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