<?xml version="1.0" encoding="US-ASCII"?>
<!-- RR Donnelley Xcelerate Taxonomy Labels Linkbase, based on XBRL 2.1  http://www.rrdonnelley.com/ -->
<!-- Version: 6.22.4 -->
<!-- Round: 5 -->
<!-- Creation date: 2015-02-25T14:15:28Z -->
<!-- Copyright (c) 2005-2013 R.R. Donnelley & Sons Company All Rights Reserved. -->
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    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent" xlink:label="us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent_lbl" xml:lang="en-US" id="id_5214848_1282971_1_1">Accounts Payable and Accrued Liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent_lbl" xml:lang="en-US" id="id_5214848_1282971_2_1">Accounts payable and accrued expenses</label>
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    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccountsReceivableNet" xlink:label="us-gaap_AccountsReceivableNet"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccountsReceivableNet_lbl" xml:lang="en-US" id="id_5214848_1286760_1_1">Accounts Receivable, Net</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AccountsReceivableNet_lbl" xml:lang="en-US" id="id_5214848_1286760_2_1">Accounts receivable</label>
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    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccrualForEnvironmentalLossContingencies" xlink:label="us-gaap_AccrualForEnvironmentalLossContingencies"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccrualForEnvironmentalLossContingencies_lbl" xml:lang="en-US" id="id_5214848_1283836_1_1">Accrual for Environmental Loss Contingencies</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AccrualForEnvironmentalLossContingencies_lbl" xml:lang="en-US" id="id_5214848_1283836_2_1">Environmental</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccrualForEnvironmentalLossContingencies" xlink:to="us-gaap_AccrualForEnvironmentalLossContingencies_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_AccumulatedDepreciationOnOtherRealEstateInvestments" xlink:label="pld_AccumulatedDepreciationOnOtherRealEstateInvestments"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_AccumulatedDepreciationOnOtherRealEstateInvestments_lbl" xml:lang="en-US" id="id_5214848_1547805_3_1">Accumulated depreciation on other real estate investments.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_AccumulatedDepreciationOnOtherRealEstateInvestments_lbl" xml:lang="en-US" id="id_5214848_1547805_1_1">Accumulated Depreciation On Other Real Estate Investments</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_AccumulatedDepreciationOnOtherRealEstateInvestments_lbl" xml:lang="en-US" id="id_5214848_1547805_2_1">Accumulated depreciation on other real estate investments</label>
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    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccumulatedDistributionsInExcessOfNetIncomeMember" xlink:label="us-gaap_AccumulatedDistributionsInExcessOfNetIncomeMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccumulatedDistributionsInExcessOfNetIncomeMember_lbl" xml:lang="en-US" id="id_5214848_1280146_1_1">Accumulated Distributions in Excess of Net Income [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AccumulatedDistributionsInExcessOfNetIncomeMember_lbl" xml:lang="en-US" id="id_5214848_1280146_2_1">Distributions in Excess of Net Earnings [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccumulatedDistributionsInExcessOfNetIncomeMember" xlink:to="us-gaap_AccumulatedDistributionsInExcessOfNetIncomeMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember" xlink:label="us-gaap_AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember_lbl" xml:lang="en-US" id="id_5214848_1270258_1_1">Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember_lbl" xml:lang="en-US" id="id_5214848_1270258_2_1">Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]</label>
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    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossLineItems" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeLossLineItems"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeLossLineItems_lbl" xml:lang="en-US" id="id_5214848_1271914_1_1">Accumulated Other Comprehensive Income (Loss) [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeLossLineItems_lbl" xml:lang="en-US" id="id_5214848_1271914_2_1">Accumulated Other Comprehensive Income (Loss) [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccumulatedOtherComprehensiveIncomeLossLineItems" xlink:to="us-gaap_AccumulatedOtherComprehensiveIncomeLossLineItems_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_lbl" xml:lang="en-US" id="id_5214848_1282967_1_1">Accumulated Other Comprehensive Income (Loss), Net of Tax</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_lbl" xml:lang="en-US" id="id_5214848_1282967_2_1">Accumulated other comprehensive loss</label>
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    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossTable" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeLossTable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeLossTable_lbl" xml:lang="en-US" id="id_5214848_1278562_1_1">Accumulated Other Comprehensive Income (Loss) [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeLossTable_lbl" xml:lang="en-US" id="id_5214848_1278562_2_1">Accumulated Other Comprehensive Income (Loss) [Table]</label>
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    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeMember" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeMember"/>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeMember_lbl" xml:lang="en-US" id="id_5214848_1268669_2_1">Accumulated Other Comprehensive Income (Loss) [Member]</label>
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    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_AcerDistributionCenterMember" xlink:label="pld_AcerDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_AcerDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1295293_3_1">Acer Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_AcerDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1295293_1_1">Acer Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_AcerDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1295293_2_1">Acer Distribution Center [Member]</label>
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    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_AcquiredContracts" xlink:label="pld_AcquiredContracts"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_AcquiredContracts_lbl" xml:lang="en-US" id="id_5214848_1493127_3_1">Acquired Contracts.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_AcquiredContracts_lbl" xml:lang="en-US" id="id_5214848_1493127_1_1">Acquired Contracts</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_AcquiredContracts_lbl" xml:lang="en-US" id="id_5214848_1493127_2_1">Acquired contracts</label>
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    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_AcquiredIndustrialPropertiesMember" xlink:label="pld_AcquiredIndustrialPropertiesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_AcquiredIndustrialPropertiesMember_lbl" xml:lang="en-US" id="id_5214848_1417293_3_1">Acquired industrial properties.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_AcquiredIndustrialPropertiesMember_lbl" xml:lang="en-US" id="id_5214848_1417293_1_1">Acquired Industrial Properties [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_AcquiredIndustrialPropertiesMember_lbl" xml:lang="en-US" id="id_5214848_1417293_2_1">Acquired Industrial Properties [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_AcquiredIndustrialPropertiesMember" xlink:to="pld_AcquiredIndustrialPropertiesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_AddisonBusinessCenterMember" xlink:label="pld_AddisonBusinessCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_AddisonBusinessCenterMember_lbl" xml:lang="en-US" id="id_5214848_1479940_3_1">Addison Business Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_AddisonBusinessCenterMember_lbl" xml:lang="en-US" id="id_5214848_1479940_1_1">Addison Business Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_AddisonBusinessCenterMember_lbl" xml:lang="en-US" id="id_5214848_1479940_2_1">Addison Business Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_AddisonBusinessCenterMember" xlink:to="pld_AddisonBusinessCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_AddisonDistributionCenterMember" xlink:label="pld_AddisonDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_AddisonDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1540329_3_1">Addison distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_AddisonDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1540329_1_1">Addison Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_AddisonDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1540329_2_1">Addison Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_AddisonDistributionCenterMember" xlink:to="pld_AddisonDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_AdditionalImpairmentCharge" xlink:label="pld_AdditionalImpairmentCharge"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_AdditionalImpairmentCharge_lbl" xml:lang="en-US" id="id_5214848_1308507_3_1">Additional Impairment Charge</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_AdditionalImpairmentCharge_lbl" xml:lang="en-US" id="id_5214848_1308507_1_1">Additional Impairment Charge</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_AdditionalImpairmentCharge_lbl" xml:lang="en-US" id="id_5214848_1308507_2_1">Additional impairment charge</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AdditionalPaidInCapital_lbl" xml:lang="en-US" id="id_5214848_1283855_2_1">Additional paid-in capital</label>
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    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AdditionalPaidInCapitalMember" xlink:label="us-gaap_AdditionalPaidInCapitalMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AdditionalPaidInCapitalMember_lbl" xml:lang="en-US" id="id_5214848_1273630_1_1">Additional Paid-in Capital [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AdditionalPaidInCapitalMember_lbl" xml:lang="en-US" id="id_5214848_1273630_2_1">Additional Paid-in Capital [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdditionalPaidInCapitalMember" xlink:to="us-gaap_AdditionalPaidInCapitalMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_AdjustedNetEarningsLossAttributableToCommonShares" xlink:label="pld_AdjustedNetEarningsLossAttributableToCommonShares"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_AdjustedNetEarningsLossAttributableToCommonShares_lbl" xml:lang="en-US" id="id_5214848_1349387_3_1">Adjusted net earnings loss attributable to common shares.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_AdjustedNetEarningsLossAttributableToCommonShares_lbl" xml:lang="en-US" id="id_5214848_1349387_1_1">Adjusted Net Earnings Loss Attributable To Common Shares</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="pld_AdjustedNetEarningsLossAttributableToCommonShares_lbl" xml:lang="en-US" id="id_5214848_1349387_6_1">Adjusted net earnings (loss) attributable to common stockholders</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_AdjustedNetEarningsLossAttributableToCommonShares" xlink:to="pld_AdjustedNetEarningsLossAttributableToCommonShares_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="us-gaap_AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xml:lang="en-US" id="id_5214848_1280151_1_1">Adjustments, Noncash Items, to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xml:lang="en-US" id="id_5214848_1280151_2_1">Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:to="us-gaap_AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AdjustmentsToAdditionalPaidInCapitalOther" xlink:label="us-gaap_AdjustmentsToAdditionalPaidInCapitalOther"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AdjustmentsToAdditionalPaidInCapitalOther_lbl" xml:lang="en-US" id="id_5214848_1282516_1_1">Adjustments to Additional Paid in Capital, Other</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AdjustmentsToAdditionalPaidInCapitalOther_lbl" xml:lang="en-US" id="id_5214848_1282516_2_1">Operating Partnership non controlling interest</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdjustmentsToAdditionalPaidInCapitalOther" xlink:to="us-gaap_AdjustmentsToAdditionalPaidInCapitalOther_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AdjustmentsToAdditionalPaidInCapitalWarrantIssued" xlink:label="us-gaap_AdjustmentsToAdditionalPaidInCapitalWarrantIssued"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AdjustmentsToAdditionalPaidInCapitalWarrantIssued_lbl" xml:lang="en-US" id="id_5214848_1284709_1_1">Adjustments to Additional Paid in Capital, Warrant Issued</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AdjustmentsToAdditionalPaidInCapitalWarrantIssued_lbl" xml:lang="en-US" id="id_5214848_1284709_2_1">Issuance of warrant</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_AdjustmentsToAdditionalPaidInCapitalWarrantIssued_lbl" xml:lang="en-US" id="id_5214848_1284709_12_1">Issuance of warrant by Prologis, Inc.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdjustmentsToAdditionalPaidInCapitalWarrantIssued" xlink:to="us-gaap_AdjustmentsToAdditionalPaidInCapitalWarrantIssued_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_AgentsFeesPercentageOnGrossProceeds" xlink:label="pld_AgentsFeesPercentageOnGrossProceeds"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_AgentsFeesPercentageOnGrossProceeds_lbl" xml:lang="en-US" id="id_5214848_1347538_3_1">Agents fees percentage on gross proceeds.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_AgentsFeesPercentageOnGrossProceeds_lbl" xml:lang="en-US" id="id_5214848_1347538_1_1">Agents Fees Percentage On Gross Proceeds</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_AgentsFeesPercentageOnGrossProceeds_lbl" xml:lang="en-US" id="id_5214848_1347538_2_1">Agents fee percentage</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_AgentsFeesPercentageOnGrossProceeds" xlink:to="pld_AgentsFeesPercentageOnGrossProceeds_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_AirparkDistributionCenterMember" xlink:label="pld_AirparkDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_AirparkDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1483931_3_1">Airpark distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_AirparkDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1483931_1_1">Airpark Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_AirparkDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1483931_2_1">Airpark Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_AirparkDistributionCenterMember" xlink:to="pld_AirparkDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_AirportBusCtrMember" xlink:label="pld_AirportBusCtrMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_AirportBusCtrMember_lbl" xml:lang="en-US" id="id_5214848_1609662_3_1">Airport Bus Ctr [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_AirportBusCtrMember_lbl" xml:lang="en-US" id="id_5214848_1609662_1_1">Airport Bus Ctr [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_AirportBusCtrMember_lbl" xml:lang="en-US" id="id_5214848_1609662_2_1">Airport Bus Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_AirportBusCtrMember" xlink:to="pld_AirportBusCtrMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_AirportCommonsDistributionCenterMember" xlink:label="pld_AirportCommonsDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_AirportCommonsDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1453892_3_1">Airport commons distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_AirportCommonsDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1453892_1_1">Airport Commons Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_AirportCommonsDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1453892_2_1">Airport Commons Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_AirportCommonsDistributionCenterMember" xlink:to="pld_AirportCommonsDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_AirportLogisticsCenterThreeMember" xlink:label="pld_AirportLogisticsCenterThreeMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_AirportLogisticsCenterThreeMember_lbl" xml:lang="en-US" id="id_5214848_1463339_3_1">Airport Logistics Center 3.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_AirportLogisticsCenterThreeMember_lbl" xml:lang="en-US" id="id_5214848_1463339_1_1">Airport Logistics Center Three [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_AirportLogisticsCenterThreeMember_lbl" xml:lang="en-US" id="id_5214848_1463339_2_1">Airport Logistics Center 3 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_AirportLogisticsCenterThreeMember" xlink:to="pld_AirportLogisticsCenterThreeMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_AirportRdDistCtrMember" xlink:label="pld_AirportRdDistCtrMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_AirportRdDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1355410_3_1">Airport Rd. Dist Ctr.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_AirportRdDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1355410_1_1">Airport Rd Dist Ctr [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_AirportRdDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1355410_2_1">Airport Rd. Dist Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_AirportRdDistCtrMember" xlink:to="pld_AirportRdDistCtrMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_AirportWestDistributionCenterMember" xlink:label="pld_AirportWestDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_AirportWestDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1357970_3_1">Airport west distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_AirportWestDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1357970_1_1">Airport West Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_AirportWestDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1357970_2_1">Airport West Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_AirportWestDistributionCenterMember" xlink:to="pld_AirportWestDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_AirtechParkMember" xlink:label="pld_AirtechParkMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_AirtechParkMember_lbl" xml:lang="en-US" id="id_5214848_1609663_3_1">Airtech Park [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_AirtechParkMember_lbl" xml:lang="en-US" id="id_5214848_1609663_1_1">Airtech Park [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_AirtechParkMember_lbl" xml:lang="en-US" id="id_5214848_1609663_2_1">Airtech Park [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_AirtechParkMember" xlink:to="pld_AirtechParkMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_AlamedaDistributionCenterMember" xlink:label="pld_AlamedaDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_AlamedaDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1541516_3_1">Alameda distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_AlamedaDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1541516_1_1">Alameda Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_AlamedaDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1541516_2_1">Alameda Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_AlamedaDistributionCenterMember" xlink:to="pld_AlamedaDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/currency/2014/currency-2014-01-31.xsd#currency_AllCurrenciesDomain" xlink:label="currency_AllCurrenciesDomain"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="currency_AllCurrenciesDomain_lbl" xml:lang="en-US" id="id_5214848_1273589_1_1">All Currencies [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="currency_AllCurrenciesDomain_lbl" xml:lang="en-US" id="id_5214848_1273589_2_1">All Currencies [Domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="currency_AllCurrenciesDomain" xlink:to="currency_AllCurrenciesDomain_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_AlsipDistributionCenterMember" xlink:label="pld_AlsipDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_AlsipDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1401769_3_1">Alsip distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_AlsipDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1401769_1_1">Alsip Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_AlsipDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1401769_2_1">Alsip Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_AlsipDistributionCenterMember" xlink:to="pld_AlsipDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_AlsipIndustrialMember" xlink:label="pld_AlsipIndustrialMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_AlsipIndustrialMember_lbl" xml:lang="en-US" id="id_5214848_1318602_3_1">Alsip Industrial [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_AlsipIndustrialMember_lbl" xml:lang="en-US" id="id_5214848_1318602_1_1">Alsip Industrial [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_AlsipIndustrialMember_lbl" xml:lang="en-US" id="id_5214848_1318602_2_1">Alsip Industrial [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_AlsipIndustrialMember" xlink:to="pld_AlsipIndustrialMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_AlumCreekDistributionCenterMember" xlink:label="pld_AlumCreekDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_AlumCreekDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1470922_3_1">Alum Creek Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_AlumCreekDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1470922_1_1">Alum Creek Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_AlumCreekDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1470922_2_1">Alum Creek Dist Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_AlumCreekDistributionCenterMember" xlink:to="pld_AlumCreekDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_AlvaradoBusinessCenterMember" xlink:label="pld_AlvaradoBusinessCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_AlvaradoBusinessCenterMember_lbl" xml:lang="en-US" id="id_5214848_1478507_3_1">Alvarado business center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_AlvaradoBusinessCenterMember_lbl" xml:lang="en-US" id="id_5214848_1478507_1_1">Alvarado Business Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_AlvaradoBusinessCenterMember_lbl" xml:lang="en-US" id="id_5214848_1478507_2_1">Alvarado Business Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_AlvaradoBusinessCenterMember" xlink:to="pld_AlvaradoBusinessCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_AmendmentFlag" xlink:label="dei_AmendmentFlag"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AmendmentFlag_lbl" xml:lang="en-US" id="id_5214848_1276506_1_1">Amendment Flag</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_AmendmentFlag_lbl" xml:lang="en-US" id="id_5214848_1276506_2_1">Amendment Flag</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AmendmentFlag" xlink:to="dei_AmendmentFlag_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AmericasMember" xlink:label="us-gaap_AmericasMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AmericasMember_lbl" xml:lang="en-US" id="id_5214848_1271933_1_1">Americas [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AmericasMember_lbl" xml:lang="en-US" id="id_5214848_1271933_2_1">Americas [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AmericasMember" xlink:to="us-gaap_AmericasMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AmortizationOfDebtDiscountPremium" xlink:label="us-gaap_AmortizationOfDebtDiscountPremium"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AmortizationOfDebtDiscountPremium_lbl" xml:lang="en-US" id="id_5214848_1287300_1_1">Amortization of Debt Discount (Premium)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AmortizationOfDebtDiscountPremium_lbl" xml:lang="en-US" id="id_5214848_1287300_2_1">Amortization of premium, net</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AmortizationOfDebtDiscountPremium" xlink:to="us-gaap_AmortizationOfDebtDiscountPremium_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AmortizationOfFinancingCosts" xlink:label="us-gaap_AmortizationOfFinancingCosts"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AmortizationOfFinancingCosts_lbl" xml:lang="en-US" id="id_5214848_1285739_1_1">Amortization of Financing Costs</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AmortizationOfFinancingCosts_lbl" xml:lang="en-US" id="id_5214848_1285739_2_1">Amortization of deferred loan costs</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AmortizationOfFinancingCosts" xlink:to="us-gaap_AmortizationOfFinancingCosts_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AmortizationOfFinancingCostsAndDiscounts" xlink:label="us-gaap_AmortizationOfFinancingCostsAndDiscounts"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AmortizationOfFinancingCostsAndDiscounts_lbl" xml:lang="en-US" id="id_5214848_1285740_1_1">Amortization of Financing Costs and Discounts</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AmortizationOfFinancingCostsAndDiscounts_lbl" xml:lang="en-US" id="id_5214848_1285740_2_1">Amortization of debt and lease intangibles</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AmortizationOfFinancingCostsAndDiscounts" xlink:to="us-gaap_AmortizationOfFinancingCostsAndDiscounts_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_AnaheimIndustrialCenterMember" xlink:label="pld_AnaheimIndustrialCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_AnaheimIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1564477_3_1">Anaheim industrial center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_AnaheimIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1564477_1_1">Anaheim Industrial Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_AnaheimIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1564477_2_1">Anaheim Industrial Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_AnaheimIndustrialCenterMember" xlink:to="pld_AnaheimIndustrialCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_AnaheimIndustrialPropertyMember" xlink:label="pld_AnaheimIndustrialPropertyMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_AnaheimIndustrialPropertyMember_lbl" xml:lang="en-US" id="id_5214848_1554385_3_1">Anaheim Industrial Property.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_AnaheimIndustrialPropertyMember_lbl" xml:lang="en-US" id="id_5214848_1554385_1_1">Anaheim Industrial Property [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_AnaheimIndustrialPropertyMember_lbl" xml:lang="en-US" id="id_5214848_1554385_2_1">Anaheim Industrial Property [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_AnaheimIndustrialPropertyMember" xlink:to="pld_AnaheimIndustrialPropertyMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_AnnagemDistCenterMember" xlink:label="pld_AnnagemDistCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_AnnagemDistCenterMember_lbl" xml:lang="en-US" id="id_5214848_1400331_3_1">Annagem Dist. Center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_AnnagemDistCenterMember_lbl" xml:lang="en-US" id="id_5214848_1400331_1_1">Annagem Dist Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_AnnagemDistCenterMember_lbl" xml:lang="en-US" id="id_5214848_1400331_2_1">Annagem Dist. Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_AnnagemDistCenterMember" xlink:to="pld_AnnagemDistCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_AnnagemDistribCentreIiMember" xlink:label="pld_AnnagemDistribCentreIiMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_AnnagemDistribCentreIiMember_lbl" xml:lang="en-US" id="id_5214848_1403284_3_1">Annagem Distrib Centre II.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_AnnagemDistribCentreIiMember_lbl" xml:lang="en-US" id="id_5214848_1403284_1_1">Annagem Distrib Centre Ii [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_AnnagemDistribCentreIiMember_lbl" xml:lang="en-US" id="id_5214848_1403284_2_1">Annagem Distrib Centre II [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_AnnagemDistribCentreIiMember" xlink:to="pld_AnnagemDistribCentreIiMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ArchRoadLogisticsCenterMember" xlink:label="pld_ArchRoadLogisticsCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ArchRoadLogisticsCenterMember_lbl" xml:lang="en-US" id="id_5214848_1448526_3_1">Arch road logistics center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ArchRoadLogisticsCenterMember_lbl" xml:lang="en-US" id="id_5214848_1448526_1_1">Arch Road Logistics Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ArchRoadLogisticsCenterMember_lbl" xml:lang="en-US" id="id_5214848_1448526_2_1">Arch Road Logistics Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ArchRoadLogisticsCenterMember" xlink:to="pld_ArchRoadLogisticsCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AreaOfRealEstateProperty" xlink:label="us-gaap_AreaOfRealEstateProperty"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AreaOfRealEstateProperty_lbl" xml:lang="en-US" id="id_5214848_1271939_1_1">Area of Real Estate Property</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:label="us-gaap_AreaOfRealEstateProperty_lbl" xml:lang="en-US" id="id_5214848_1271939_32_1">Square footage of properties</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AreaOfRealEstateProperty_lbl" xml:lang="en-US" id="id_5214848_1271939_2_1">Square feet</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_AreaOfRealEstateProperty_lbl" xml:lang="en-US" id="id_5214848_1271939_12_1">Square Feet / Acres</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AreaOfRealEstateProperty" xlink:to="us-gaap_AreaOfRealEstateProperty_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ArenaPoDistCtrMember" xlink:label="pld_ArenaPoDistCtrMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ArenaPoDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1563398_3_1">Arena Po Dist Ctr.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ArenaPoDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1563398_1_1">Arena Po Dist Ctr [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ArenaPoDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1563398_2_1">Arena Po Dist Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ArenaPoDistCtrMember" xlink:to="pld_ArenaPoDistCtrMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ArizonaMember" xlink:label="pld_ArizonaMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ArizonaMember_lbl" xml:lang="en-US" id="id_5214848_1364559_3_1">Arizona [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ArizonaMember_lbl" xml:lang="en-US" id="id_5214848_1364559_1_1">Arizona [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ArizonaMember_lbl" xml:lang="en-US" id="id_5214848_1364559_2_1">Phoenix, Arizona [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ArizonaMember" xlink:to="pld_ArizonaMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ArlingtonCorpCtrMember" xlink:label="pld_ArlingtonCorpCtrMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ArlingtonCorpCtrMember_lbl" xml:lang="en-US" id="id_5214848_1346939_3_1">Arlington Corp Ctr [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ArlingtonCorpCtrMember_lbl" xml:lang="en-US" id="id_5214848_1346939_1_1">Arlington Corp Ctr [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ArlingtonCorpCtrMember_lbl" xml:lang="en-US" id="id_5214848_1346939_2_1">Arlington Corp Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ArlingtonCorpCtrMember" xlink:to="pld_ArlingtonCorpCtrMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ArlingtonHeightsDistributionCenterMember" xlink:label="pld_ArlingtonHeightsDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ArlingtonHeightsDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1407966_3_1">Arlington heights distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ArlingtonHeightsDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1407966_1_1">Arlington Heights Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ArlingtonHeightsDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1407966_2_1">Arlington Heights Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ArlingtonHeightsDistributionCenterMember" xlink:to="pld_ArlingtonHeightsDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ArrowIndustrialParkMember" xlink:label="pld_ArrowIndustrialParkMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ArrowIndustrialParkMember_lbl" xml:lang="en-US" id="id_5214848_1413547_3_1">Arrow Industrial Park Member [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ArrowIndustrialParkMember_lbl" xml:lang="en-US" id="id_5214848_1413547_1_1">Arrow Industrial Park [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ArrowIndustrialParkMember_lbl" xml:lang="en-US" id="id_5214848_1413547_2_1">Arrow Ind. Park [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ArrowIndustrialParkMember" xlink:to="pld_ArrowIndustrialParkMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ArtesiaIndustrialMember" xlink:label="pld_ArtesiaIndustrialMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ArtesiaIndustrialMember_lbl" xml:lang="en-US" id="id_5214848_1363670_3_1">Artesia Industrial.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ArtesiaIndustrialMember_lbl" xml:lang="en-US" id="id_5214848_1363670_1_1">Artesia Industrial [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ArtesiaIndustrialMember_lbl" xml:lang="en-US" id="id_5214848_1363670_2_1">Artesia Industrial [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ArtesiaIndustrialMember" xlink:to="pld_ArtesiaIndustrialMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AsiaMember" xlink:label="us-gaap_AsiaMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AsiaMember_lbl" xml:lang="en-US" id="id_5214848_1271940_1_1">Asia [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AsiaMember_lbl" xml:lang="en-US" id="id_5214848_1271940_2_1">Asia [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AsiaMember" xlink:to="us-gaap_AsiaMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_AsianMarketsMember" xlink:label="pld_AsianMarketsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_AsianMarketsMember_lbl" xml:lang="en-US" id="id_5214848_1522306_3_1">Asian markets.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_AsianMarketsMember_lbl" xml:lang="en-US" id="id_5214848_1522306_1_1">Asian Markets [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_AsianMarketsMember_lbl" xml:lang="en-US" id="id_5214848_1522306_2_1">Asian Markets [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_AsianMarketsMember" xlink:to="pld_AsianMarketsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetImpairmentCharges" xlink:label="us-gaap_AssetImpairmentCharges"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetImpairmentCharges_lbl" xml:lang="en-US" id="id_5214848_1285226_1_1">Asset Impairment Charges</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AssetImpairmentCharges_lbl" xml:lang="en-US" id="id_5214848_1285226_2_1">Impairment charges</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetImpairmentCharges" xlink:to="us-gaap_AssetImpairmentCharges_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_AssetImpairmentChargesContinuingAndDiscontinuedOperations" xlink:label="pld_AssetImpairmentChargesContinuingAndDiscontinuedOperations"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_AssetImpairmentChargesContinuingAndDiscontinuedOperations_lbl" xml:lang="en-US" id="id_5214848_1398631_3_1">Asset Impairment Charges Continuing And Discontinued Operations</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_AssetImpairmentChargesContinuingAndDiscontinuedOperations_lbl" xml:lang="en-US" id="id_5214848_1398631_1_1">Asset Impairment Charges Continuing And Discontinued Operations</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_AssetImpairmentChargesContinuingAndDiscontinuedOperations_lbl" xml:lang="en-US" id="id_5214848_1398631_2_1">Impairment of real estate properties</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_AssetImpairmentChargesContinuingAndDiscontinuedOperations" xlink:to="pld_AssetImpairmentChargesContinuingAndDiscontinuedOperations_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetImpairmentChargesTextBlock" xlink:label="us-gaap_AssetImpairmentChargesTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetImpairmentChargesTextBlock_lbl" xml:lang="en-US" id="id_5214848_1273656_1_1">Asset Impairment Charges [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AssetImpairmentChargesTextBlock_lbl" xml:lang="en-US" id="id_5214848_1273656_2_1">Impairment Charges</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetImpairmentChargesTextBlock" xlink:to="us-gaap_AssetImpairmentChargesTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_Assets" xlink:label="us-gaap_Assets"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_Assets_lbl" xml:lang="en-US" id="id_5214848_1287793_1_1">Assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_Assets_lbl" xml:lang="en-US" id="id_5214848_1287793_2_1">Total assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_Assets_lbl" xml:lang="en-US" id="id_5214848_1287793_6_1">Total assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Assets" xlink:to="us-gaap_Assets_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetsAbstract" xlink:label="us-gaap_AssetsAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetsAbstract_lbl" xml:lang="en-US" id="id_5214848_1273668_1_1">Assets [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AssetsAbstract_lbl" xml:lang="en-US" id="id_5214848_1273668_2_1">ASSETS</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsAbstract" xlink:to="us-gaap_AssetsAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_AssetsDevelopmentIncludingCostOfLandPrestabilizedMember" xlink:label="pld_AssetsDevelopmentIncludingCostOfLandPrestabilizedMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_AssetsDevelopmentIncludingCostOfLandPrestabilizedMember_lbl" xml:lang="en-US" id="id_5214848_1404129_3_1">Assets Development Including Cost Of Land Prestabilized [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_AssetsDevelopmentIncludingCostOfLandPrestabilizedMember_lbl" xml:lang="en-US" id="id_5214848_1404129_1_1">Assets Development Including Cost Of Land Prestabilized [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_AssetsDevelopmentIncludingCostOfLandPrestabilizedMember_lbl" xml:lang="en-US" id="id_5214848_1404129_2_1">Development Portfolio, Including Cost of Land: Pre-stabilized [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_AssetsDevelopmentIncludingCostOfLandPrestabilizedMember" xlink:to="pld_AssetsDevelopmentIncludingCostOfLandPrestabilizedMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_AssetsHeldForSaleLineItems" xlink:label="pld_AssetsHeldForSaleLineItems"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_AssetsHeldForSaleLineItems_lbl" xml:lang="en-US" id="id_5214848_1503033_3_1">Assets Held For Sale [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_AssetsHeldForSaleLineItems_lbl" xml:lang="en-US" id="id_5214848_1503033_1_1">Assets Held For Sale [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_AssetsHeldForSaleLineItems_lbl" xml:lang="en-US" id="id_5214848_1503033_2_1">Assets Held For Sale [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_AssetsHeldForSaleLineItems" xlink:to="pld_AssetsHeldForSaleLineItems_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetsHeldForSaleMember" xlink:label="us-gaap_AssetsHeldForSaleMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetsHeldForSaleMember_lbl" xml:lang="en-US" id="id_5214848_1275322_1_1">Assets Held-for-sale [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AssetsHeldForSaleMember_lbl" xml:lang="en-US" id="id_5214848_1275322_2_1">Assets Held-for-sale [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsHeldForSaleMember" xlink:to="us-gaap_AssetsHeldForSaleMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_AssetsHeldForSalePolicyTextBlock" xlink:label="pld_AssetsHeldForSalePolicyTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_AssetsHeldForSalePolicyTextBlock_lbl" xml:lang="en-US" id="id_5214848_1370339_3_1">Assets Held For Sale Policy [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_AssetsHeldForSalePolicyTextBlock_lbl" xml:lang="en-US" id="id_5214848_1370339_1_1">Assets Held For Sale Policy [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_AssetsHeldForSalePolicyTextBlock_lbl" xml:lang="en-US" id="id_5214848_1370339_2_1">Assets Held for Sale</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_AssetsHeldForSalePolicyTextBlock" xlink:to="pld_AssetsHeldForSalePolicyTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_AssetsHeldForSaleTable" xlink:label="pld_AssetsHeldForSaleTable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_AssetsHeldForSaleTable_lbl" xml:lang="en-US" id="id_5214848_1486400_3_1">Assets Held For Sale [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_AssetsHeldForSaleTable_lbl" xml:lang="en-US" id="id_5214848_1486400_1_1">Assets Held For Sale [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_AssetsHeldForSaleTable_lbl" xml:lang="en-US" id="id_5214848_1486400_2_1">Assets Held For Sale [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_AssetsHeldForSaleTable" xlink:to="pld_AssetsHeldForSaleTable_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_AssetsTransferredToHeldForSale" xlink:label="pld_AssetsTransferredToHeldForSale"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_AssetsTransferredToHeldForSale_lbl" xml:lang="en-US" id="id_5214848_1436233_3_1">Assets transferred to held for sale.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_AssetsTransferredToHeldForSale_lbl" xml:lang="en-US" id="id_5214848_1436233_1_1">Assets Transferred To Held For Sale</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pld_AssetsTransferredToHeldForSale_lbl" xml:lang="en-US" id="id_5214848_1436233_14_1">Assets transferred to held-for-sale</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_AssetsTransferredToHeldForSale" xlink:to="pld_AssetsTransferredToHeldForSale_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_AtlantaAirportDistributionCenterMember" xlink:label="pld_AtlantaAirportDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_AtlantaAirportDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1609668_3_1">Atlanta Airport Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_AtlantaAirportDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1609668_1_1">Atlanta Airport Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_AtlantaAirportDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1609668_2_1">Atlanta Airport Dist Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_AtlantaAirportDistributionCenterMember" xlink:to="pld_AtlantaAirportDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_AtlantaGeorgiaMember" xlink:label="pld_AtlantaGeorgiaMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_AtlantaGeorgiaMember_lbl" xml:lang="en-US" id="id_5214848_1551122_3_1">Atlanta Georgia [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_AtlantaGeorgiaMember_lbl" xml:lang="en-US" id="id_5214848_1551122_1_1">Atlanta Georgia [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_AtlantaGeorgiaMember_lbl" xml:lang="en-US" id="id_5214848_1551122_2_1">Atlanta, Georgia [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_AtlantaGeorgiaMember" xlink:to="pld_AtlantaGeorgiaMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_AtlantaNeAtSugarloafMember" xlink:label="pld_AtlantaNeAtSugarloafMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_AtlantaNeAtSugarloafMember_lbl" xml:lang="en-US" id="id_5214848_1609637_3_1">Atlanta Ne At Sugarloaf [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_AtlantaNeAtSugarloafMember_lbl" xml:lang="en-US" id="id_5214848_1609637_1_1">Atlanta Ne At Sugarloaf [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_AtlantaNeAtSugarloafMember_lbl" xml:lang="en-US" id="id_5214848_1609637_2_1">Atlanta NE at Sugarloaf [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_AtlantaNeAtSugarloafMember" xlink:to="pld_AtlantaNeAtSugarloafMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_AtlantaNeDistributionCenterMember" xlink:label="pld_AtlantaNeDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_AtlantaNeDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1456128_3_1">Atlanta ne distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_AtlantaNeDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1456128_1_1">Atlanta Ne Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_AtlantaNeDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1456128_2_1">Atlanta NE Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_AtlantaNeDistributionCenterMember" xlink:to="pld_AtlantaNeDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_AtlantaSouthBusinessParkMember" xlink:label="pld_AtlantaSouthBusinessParkMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_AtlantaSouthBusinessParkMember_lbl" xml:lang="en-US" id="id_5214848_1353626_3_1">Atlanta South Business Park [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_AtlantaSouthBusinessParkMember_lbl" xml:lang="en-US" id="id_5214848_1353626_1_1">Atlanta South Business Park [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_AtlantaSouthBusinessParkMember_lbl" xml:lang="en-US" id="id_5214848_1353626_2_1">Atlanta South Business Park [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_AtlantaSouthBusinessParkMember" xlink:to="pld_AtlantaSouthBusinessParkMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_AtlantaWestDistributionCenterMember" xlink:label="pld_AtlantaWestDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_AtlantaWestDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1430766_3_1">Atlanta West Distribution Center</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_AtlantaWestDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1430766_1_1">Atlanta West Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_AtlantaWestDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1430766_2_1">Atlanta West Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_AtlantaWestDistributionCenterMember" xlink:to="pld_AtlantaWestDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_AtTheMarketOfferingMember" xlink:label="pld_AtTheMarketOfferingMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_AtTheMarketOfferingMember_lbl" xml:lang="en-US" id="id_5214848_1304927_3_1">At the Market Offering [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_AtTheMarketOfferingMember_lbl" xml:lang="en-US" id="id_5214848_1304927_1_1">At the Market Offering [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_AtTheMarketOfferingMember_lbl" xml:lang="en-US" id="id_5214848_1304927_2_1">At the Market Offering [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_AtTheMarketOfferingMember" xlink:to="pld_AtTheMarketOfferingMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AuctionMarketPreferredSecuritiesStockSeriesVariableInterestRateEarned" xlink:label="us-gaap_AuctionMarketPreferredSecuritiesStockSeriesVariableInterestRateEarned"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AuctionMarketPreferredSecuritiesStockSeriesVariableInterestRateEarned_lbl" xml:lang="en-US" id="id_5214848_1268699_1_1">Auction Market Preferred Securities, Stock Series, Variable Interest Rate Earned</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AuctionMarketPreferredSecuritiesStockSeriesVariableInterestRateEarned_lbl" xml:lang="en-US" id="id_5214848_1268699_2_1">Preferred return rate</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AuctionMarketPreferredSecuritiesStockSeriesVariableInterestRateEarned" xlink:to="us-gaap_AuctionMarketPreferredSecuritiesStockSeriesVariableInterestRateEarned_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_AugustTwoThousandThirteenMember" xlink:label="pld_AugustTwoThousandThirteenMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_AugustTwoThousandThirteenMember_lbl" xml:lang="en-US" id="id_5214848_1506840_3_1">August Two Thousand Thirteen [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_AugustTwoThousandThirteenMember_lbl" xml:lang="en-US" id="id_5214848_1506840_1_1">August Two Thousand Thirteen [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_AugustTwoThousandThirteenMember_lbl" xml:lang="en-US" id="id_5214848_1506840_2_1">August 2013 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_AugustTwoThousandThirteenMember" xlink:to="pld_AugustTwoThousandThirteenMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_AustinTexasMember" xlink:label="pld_AustinTexasMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_AustinTexasMember_lbl" xml:lang="en-US" id="id_5214848_1425027_3_1">Austin Texas [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_AustinTexasMember_lbl" xml:lang="en-US" id="id_5214848_1425027_1_1">Austin Texas [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_AustinTexasMember_lbl" xml:lang="en-US" id="id_5214848_1425027_2_1">Austin, Texas [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_AustinTexasMember" xlink:to="pld_AustinTexasMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_AustriaMember" xlink:label="pld_AustriaMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_AustriaMember_lbl" xml:lang="en-US" id="id_5214848_1432930_3_1">Austria.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_AustriaMember_lbl" xml:lang="en-US" id="id_5214848_1432930_1_1">Austria [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_AustriaMember_lbl" xml:lang="en-US" id="id_5214848_1432930_2_1">Austria [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_AustriaMember" xlink:to="pld_AustriaMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_AverageLeaseTermPeriod" xlink:label="pld_AverageLeaseTermPeriod"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_AverageLeaseTermPeriod_lbl" xml:lang="en-US" id="id_5214848_1538997_3_1">Average lease term period.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_AverageLeaseTermPeriod_lbl" xml:lang="en-US" id="id_5214848_1538997_1_1">Average Lease Term Period</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_AverageLeaseTermPeriod_lbl" xml:lang="en-US" id="id_5214848_1538997_2_1">Average lease term period</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_AverageLeaseTermPeriod" xlink:to="pld_AverageLeaseTermPeriod_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AwardTypeAxis" xlink:label="us-gaap_AwardTypeAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AwardTypeAxis_lbl" xml:lang="en-US" id="id_5214848_1270313_1_1">Award Type [Axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AwardTypeAxis_lbl" xml:lang="en-US" id="id_5214848_1270313_2_1">Award Type [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AwardTypeAxis" xlink:to="us-gaap_AwardTypeAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_BaltimoreMember" xlink:label="pld_BaltimoreMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_BaltimoreMember_lbl" xml:lang="en-US" id="id_5214848_1322586_3_1">Baltimore [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_BaltimoreMember_lbl" xml:lang="en-US" id="id_5214848_1322586_1_1">Baltimore [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_BaltimoreMember_lbl" xml:lang="en-US" id="id_5214848_1322586_2_1">Baltimore/Washington [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_BaltimoreMember" xlink:to="pld_BaltimoreMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_BarajasMadLogisticsMember" xlink:label="pld_BarajasMadLogisticsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_BarajasMadLogisticsMember_lbl" xml:lang="en-US" id="id_5214848_1341662_3_1">Barajas Mad Logistics.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_BarajasMadLogisticsMember_lbl" xml:lang="en-US" id="id_5214848_1341662_1_1">Barajas Mad Logistics [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_BarajasMadLogisticsMember_lbl" xml:lang="en-US" id="id_5214848_1341662_2_1">Barajas MAD Logistics [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_BarajasMadLogisticsMember" xlink:to="pld_BarajasMadLogisticsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_BasisOfOperatingPropertiesDisposed" xlink:label="pld_BasisOfOperatingPropertiesDisposed"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_BasisOfOperatingPropertiesDisposed_lbl" xml:lang="en-US" id="id_5214848_1299263_3_1">Basis of operating properties disposed.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_BasisOfOperatingPropertiesDisposed_lbl" xml:lang="en-US" id="id_5214848_1299263_1_1">Basis Of Operating Properties Disposed</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pld_BasisOfOperatingPropertiesDisposed_lbl" xml:lang="en-US" id="id_5214848_1299263_14_1">Basis of operating properties disposed of</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_BasisOfOperatingPropertiesDisposed" xlink:to="pld_BasisOfOperatingPropertiesDisposed_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_BayshoreDistributionCenterMember" xlink:label="pld_BayshoreDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_BayshoreDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1471005_3_1">Bayshore Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_BayshoreDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1471005_1_1">Bayshore Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_BayshoreDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1471005_2_1">Bayshore Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_BayshoreDistributionCenterMember" xlink:to="pld_BayshoreDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_BaysideCorporateCenterMember" xlink:label="pld_BaysideCorporateCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_BaysideCorporateCenterMember_lbl" xml:lang="en-US" id="id_5214848_1513743_3_1">Bayside corporate center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_BaysideCorporateCenterMember_lbl" xml:lang="en-US" id="id_5214848_1513743_1_1">Bayside Corporate Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_BaysideCorporateCenterMember_lbl" xml:lang="en-US" id="id_5214848_1513743_2_1">Bayside Corporate Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_BaysideCorporateCenterMember" xlink:to="pld_BaysideCorporateCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_BaysidePlazaOneMember" xlink:label="pld_BaysidePlazaOneMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_BaysidePlazaOneMember_lbl" xml:lang="en-US" id="id_5214848_1516025_3_1">Bayside plaza one.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_BaysidePlazaOneMember_lbl" xml:lang="en-US" id="id_5214848_1516025_1_1">Bayside Plaza One [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_BaysidePlazaOneMember_lbl" xml:lang="en-US" id="id_5214848_1516025_2_1">Bayside Plaza I [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_BaysidePlazaOneMember" xlink:to="pld_BaysidePlazaOneMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_BaysidePlazaTwoMember" xlink:label="pld_BaysidePlazaTwoMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_BaysidePlazaTwoMember_lbl" xml:lang="en-US" id="id_5214848_1411970_3_1">Bayside plaza two.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_BaysidePlazaTwoMember_lbl" xml:lang="en-US" id="id_5214848_1411970_1_1">Bayside Plaza Two [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_BaysidePlazaTwoMember_lbl" xml:lang="en-US" id="id_5214848_1411970_2_1">Bayside Plaza II [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_BaysidePlazaTwoMember" xlink:to="pld_BaysidePlazaTwoMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/country/2013/country-2013-01-31.xsd#country_BE" xlink:label="country_BE"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_BE_lbl" xml:lang="en-US" id="id_5214848_1273093_1_1">BELGIUM</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="country_BE_lbl" xml:lang="en-US" id="id_5214848_1273093_2_1">Belgium [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_BE" xlink:to="country_BE_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_BeaconCentreMember" xlink:label="pld_BeaconCentreMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_BeaconCentreMember_lbl" xml:lang="en-US" id="id_5214848_1457929_3_1">Beacon Centre.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_BeaconCentreMember_lbl" xml:lang="en-US" id="id_5214848_1457929_1_1">Beacon Centre [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_BeaconCentreMember_lbl" xml:lang="en-US" id="id_5214848_1457929_2_1">Beacon Centre [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_BeaconCentreMember" xlink:to="pld_BeaconCentreMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_BeaconIndustrialParkMember" xlink:label="pld_BeaconIndustrialParkMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_BeaconIndustrialParkMember_lbl" xml:lang="en-US" id="id_5214848_1506940_3_1">Beacon Industrial Park.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_BeaconIndustrialParkMember_lbl" xml:lang="en-US" id="id_5214848_1506940_1_1">Beacon Industrial Park [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_BeaconIndustrialParkMember_lbl" xml:lang="en-US" id="id_5214848_1506940_2_1">Beacon Industrial Park [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_BeaconIndustrialParkMember" xlink:to="pld_BeaconIndustrialParkMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_BeaconLakesMember" xlink:label="pld_BeaconLakesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_BeaconLakesMember_lbl" xml:lang="en-US" id="id_5214848_1529102_3_1">Beacon Lakes.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_BeaconLakesMember_lbl" xml:lang="en-US" id="id_5214848_1529102_1_1">Beacon Lakes [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_BeaconLakesMember_lbl" xml:lang="en-US" id="id_5214848_1529102_2_1">Beacon Lakes [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_BeaconLakesMember" xlink:to="pld_BeaconLakesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_BellRanchDistributionMember" xlink:label="pld_BellRanchDistributionMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_BellRanchDistributionMember_lbl" xml:lang="en-US" id="id_5214848_1436372_3_1">Bell Ranch Distribution.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_BellRanchDistributionMember_lbl" xml:lang="en-US" id="id_5214848_1436372_1_1">Bell Ranch Distribution [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_BellRanchDistributionMember_lbl" xml:lang="en-US" id="id_5214848_1436372_2_1">Bell Ranch Distribution [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_BellRanchDistributionMember" xlink:to="pld_BellRanchDistributionMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BelowMarketLeaseNet" xlink:label="us-gaap_BelowMarketLeaseNet"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_BelowMarketLeaseNet_lbl" xml:lang="en-US" id="id_5214848_1282496_1_1">Below Market Lease, Net</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_BelowMarketLeaseNet_lbl" xml:lang="en-US" id="id_5214848_1282496_2_1">Below market leases</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BelowMarketLeaseNet" xlink:to="us-gaap_BelowMarketLeaseNet_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_BeltwayCommerceCenterMember" xlink:label="pld_BeltwayCommerceCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_BeltwayCommerceCenterMember_lbl" xml:lang="en-US" id="id_5214848_1483804_3_1">Beltway commerce center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_BeltwayCommerceCenterMember_lbl" xml:lang="en-US" id="id_5214848_1483804_1_1">Beltway Commerce Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_BeltwayCommerceCenterMember_lbl" xml:lang="en-US" id="id_5214848_1483804_2_1">Beltway Commerce Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_BeltwayCommerceCenterMember" xlink:to="pld_BeltwayCommerceCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_BeltwayDistributionMember" xlink:label="pld_BeltwayDistributionMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_BeltwayDistributionMember_lbl" xml:lang="en-US" id="id_5214848_1493887_3_1">Beltway Distribution.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_BeltwayDistributionMember_lbl" xml:lang="en-US" id="id_5214848_1493887_1_1">Beltway Distribution [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_BeltwayDistributionMember_lbl" xml:lang="en-US" id="id_5214848_1493887_2_1">Beltway Distribution [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_BeltwayDistributionMember" xlink:to="pld_BeltwayDistributionMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_BeneficialInterestOfOutstandingSharesBySinglePersonOrPersonsActingAsGroup" xlink:label="pld_BeneficialInterestOfOutstandingSharesBySinglePersonOrPersonsActingAsGroup"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_BeneficialInterestOfOutstandingSharesBySinglePersonOrPersonsActingAsGroup_lbl" xml:lang="en-US" id="id_5214848_1349309_3_1">Beneficial interest of outstanding shares by single person or persons acting as group.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_BeneficialInterestOfOutstandingSharesBySinglePersonOrPersonsActingAsGroup_lbl" xml:lang="en-US" id="id_5214848_1349309_1_1">Beneficial Interest Of Outstanding Shares By Single Person Or Persons Acting As Group</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_BeneficialInterestOfOutstandingSharesBySinglePersonOrPersonsActingAsGroup_lbl" xml:lang="en-US" id="id_5214848_1349309_2_1">Beneficial interest of outstanding shares by single person or persons acting as group</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_BeneficialInterestOfOutstandingSharesBySinglePersonOrPersonsActingAsGroup" xlink:to="pld_BeneficialInterestOfOutstandingSharesBySinglePersonOrPersonsActingAsGroup_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_BensenvilleDistributionCenterMember" xlink:label="pld_BensenvilleDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_BensenvilleDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1313111_3_1">Bensenville distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_BensenvilleDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1313111_1_1">Bensenville Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_BensenvilleDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1313111_2_1">Bensenville Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_BensenvilleDistributionCenterMember" xlink:to="pld_BensenvilleDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_BensenvilleIndParkMember" xlink:label="pld_BensenvilleIndParkMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_BensenvilleIndParkMember_lbl" xml:lang="en-US" id="id_5214848_1467103_3_1">Bensenville Ind Park [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_BensenvilleIndParkMember_lbl" xml:lang="en-US" id="id_5214848_1467103_1_1">Bensenville Ind Park [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_BensenvilleIndParkMember_lbl" xml:lang="en-US" id="id_5214848_1467103_2_1">Bensenville Ind Park [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_BensenvilleIndParkMember" xlink:to="pld_BensenvilleIndParkMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_BerkeleyLakeDistributionCenterMember" xlink:label="pld_BerkeleyLakeDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_BerkeleyLakeDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1549549_3_1">Berkeley lake distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_BerkeleyLakeDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1549549_1_1">Berkeley Lake Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_BerkeleyLakeDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1549549_2_1">Berkeley Lake Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_BerkeleyLakeDistributionCenterMember" xlink:to="pld_BerkeleyLakeDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_BlackMountainDistributionCenterMember" xlink:label="pld_BlackMountainDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_BlackMountainDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1569520_3_1">Black mountain distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_BlackMountainDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1569520_1_1">Black Mountain Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_BlackMountainDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1569520_2_1">Black Mountain Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_BlackMountainDistributionCenterMember" xlink:to="pld_BlackMountainDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_BlalockDistributionCenterMember" xlink:label="pld_BlalockDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_BlalockDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1426614_3_1">Blalock distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_BlalockDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1426614_1_1">Blalock Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_BlalockDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1426614_2_1">Blalock Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_BlalockDistributionCenterMember" xlink:to="pld_BlalockDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_BloomingdaleOneHundredBusinessCenterMember" xlink:label="pld_BloomingdaleOneHundredBusinessCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_BloomingdaleOneHundredBusinessCenterMember_lbl" xml:lang="en-US" id="id_5214848_1609649_3_1">Bloomingdale One Hundred Business Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_BloomingdaleOneHundredBusinessCenterMember_lbl" xml:lang="en-US" id="id_5214848_1609649_1_1">Bloomingdale One Hundred Business Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_BloomingdaleOneHundredBusinessCenterMember_lbl" xml:lang="en-US" id="id_5214848_1609649_2_1">Bloomingdale 100 Business Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_BloomingdaleOneHundredBusinessCenterMember" xlink:to="pld_BloomingdaleOneHundredBusinessCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_BlueLagoonBusinessParkMember" xlink:label="pld_BlueLagoonBusinessParkMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_BlueLagoonBusinessParkMember_lbl" xml:lang="en-US" id="id_5214848_1340067_3_1">Blue Lagoon Business Park.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_BlueLagoonBusinessParkMember_lbl" xml:lang="en-US" id="id_5214848_1340067_1_1">Blue Lagoon Business Park [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_BlueLagoonBusinessParkMember_lbl" xml:lang="en-US" id="id_5214848_1340067_2_1">Blue Lagoon Business Park [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_BlueLagoonBusinessParkMember" xlink:to="pld_BlueLagoonBusinessParkMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_BolingbrookDistributionCenterMember" xlink:label="pld_BolingbrookDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_BolingbrookDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1351766_3_1">Bolingbrook distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_BolingbrookDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1351766_1_1">Bolingbrook Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_BolingbrookDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1351766_2_1">Bolingbrook Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_BolingbrookDistributionCenterMember" xlink:to="pld_BolingbrookDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_BoltonDistributionCenterMember" xlink:label="pld_BoltonDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_BoltonDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1435476_3_1">Bolton distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_BoltonDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1435476_1_1">Bolton Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_BoltonDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1435476_2_1">Bolton Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_BoltonDistributionCenterMember" xlink:to="pld_BoltonDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_BondsPayableMember" xlink:label="pld_BondsPayableMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_BondsPayableMember_lbl" xml:lang="en-US" id="id_5214848_1387737_3_1">Bonds Payable [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_BondsPayableMember_lbl" xml:lang="en-US" id="id_5214848_1387737_1_1">Bonds Payable [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_BondsPayableMember_lbl" xml:lang="en-US" id="id_5214848_1387737_2_1">TMK Bonds [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_BondsPayableMember" xlink:to="pld_BondsPayableMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_BonneuilDistributionCenterMember" xlink:label="pld_BonneuilDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_BonneuilDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1404292_3_1">Bonneuil Distribution Center</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_BonneuilDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1404292_1_1">Bonneuil Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_BonneuilDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1404292_2_1">Bonneuil Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_BonneuilDistributionCenterMember" xlink:to="pld_BonneuilDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_BoomDistributionCtMember" xlink:label="pld_BoomDistributionCtMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_BoomDistributionCtMember_lbl" xml:lang="en-US" id="id_5214848_1509823_3_1">Boom Distribution Ct.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_BoomDistributionCtMember_lbl" xml:lang="en-US" id="id_5214848_1509823_1_1">Boom Distribution Ct [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_BoomDistributionCtMember_lbl" xml:lang="en-US" id="id_5214848_1509823_2_1">Boom Distribution Ct [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_BoomDistributionCtMember" xlink:to="pld_BoomDistributionCtMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_BoscombeRoadDistributionCenterMember" xlink:label="pld_BoscombeRoadDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_BoscombeRoadDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1489951_3_1">Boscombe Road Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_BoscombeRoadDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1489951_1_1">Boscombe Road Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_BoscombeRoadDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1489951_2_1">Boscombe Road Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_BoscombeRoadDistributionCenterMember" xlink:to="pld_BoscombeRoadDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_BostonIndustrialMember" xlink:label="pld_BostonIndustrialMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_BostonIndustrialMember_lbl" xml:lang="en-US" id="id_5214848_1453605_3_1">Boston Industrial [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_BostonIndustrialMember_lbl" xml:lang="en-US" id="id_5214848_1453605_1_1">Boston Industrial [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_BostonIndustrialMember_lbl" xml:lang="en-US" id="id_5214848_1453605_2_1">Boston Industrial [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_BostonIndustrialMember" xlink:to="pld_BostonIndustrialMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_BostonMassachusettsMember" xlink:label="pld_BostonMassachusettsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_BostonMassachusettsMember_lbl" xml:lang="en-US" id="id_5214848_1459019_3_1">Boston Massachusetts [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_BostonMassachusettsMember_lbl" xml:lang="en-US" id="id_5214848_1459019_1_1">Boston Massachusetts [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_BostonMassachusettsMember_lbl" xml:lang="en-US" id="id_5214848_1459019_2_1">Boston, Massachusetts [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_BostonMassachusettsMember" xlink:to="pld_BostonMassachusettsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_BratislavaDistributionCenterMember" xlink:label="pld_BratislavaDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_BratislavaDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1489661_3_1">Bratislava distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_BratislavaDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1489661_1_1">Bratislava Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_BratislavaDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1489661_2_1">Bratislava Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_BratislavaDistributionCenterMember" xlink:to="pld_BratislavaDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_BrazilFundMember" xlink:label="pld_BrazilFundMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_BrazilFundMember_lbl" xml:lang="en-US" id="id_5214848_1525893_3_1">Brazil Fund [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_BrazilFundMember_lbl" xml:lang="en-US" id="id_5214848_1525893_1_1">Brazil Fund [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_BrazilFundMember_lbl" xml:lang="en-US" id="id_5214848_1525893_2_1">Brazil Fund [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_BrazilFundMember" xlink:to="pld_BrazilFundMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_BreaIndustrialCenterMember" xlink:label="pld_BreaIndustrialCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_BreaIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1476920_3_1">Brea Industrial Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_BreaIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1476920_1_1">Brea Industrial Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_BreaIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1476920_2_1">Brea Ind Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_BreaIndustrialCenterMember" xlink:to="pld_BreaIndustrialCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_BreckenridgeDistributionCenterMember" xlink:label="pld_BreckenridgeDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_BreckenridgeDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1609638_3_1">Breckenridge Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_BreckenridgeDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1609638_1_1">Breckenridge Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_BreckenridgeDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1609638_2_1">Breckenridge Dist Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_BreckenridgeDistributionCenterMember" xlink:to="pld_BreckenridgeDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_BrennanDistributionMember" xlink:label="pld_BrennanDistributionMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_BrennanDistributionMember_lbl" xml:lang="en-US" id="id_5214848_1304636_3_1">Brennan Distribution [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_BrennanDistributionMember_lbl" xml:lang="en-US" id="id_5214848_1304636_1_1">Brennan Distribution [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_BrennanDistributionMember_lbl" xml:lang="en-US" id="id_5214848_1304636_2_1">Brennan Distribution [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_BrennanDistributionMember" xlink:to="pld_BrennanDistributionMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BridgeLoanMember" xlink:label="us-gaap_BridgeLoanMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_BridgeLoanMember_lbl" xml:lang="en-US" id="id_5214848_1268729_1_1">Bridge Loan [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_BridgeLoanMember_lbl" xml:lang="en-US" id="id_5214848_1268729_2_1">Bridge Loan [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BridgeLoanMember" xlink:to="us-gaap_BridgeLoanMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_BridgeviewDistributionCenterMember" xlink:label="pld_BridgeviewDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_BridgeviewDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1609650_3_1">Bridgeview Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_BridgeviewDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1609650_1_1">Bridgeview Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_BridgeviewDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1609650_2_1">Bridgeview Dist Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_BridgeviewDistributionCenterMember" xlink:to="pld_BridgeviewDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_BridgeviewIndustrialMember" xlink:label="pld_BridgeviewIndustrialMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_BridgeviewIndustrialMember_lbl" xml:lang="en-US" id="id_5214848_1324987_3_1">Bridgeview Industrial [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_BridgeviewIndustrialMember_lbl" xml:lang="en-US" id="id_5214848_1324987_1_1">Bridgeview Industrial [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_BridgeviewIndustrialMember_lbl" xml:lang="en-US" id="id_5214848_1324987_2_1">Bridgeview Industrial [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_BridgeviewIndustrialMember" xlink:to="pld_BridgeviewIndustrialMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_BritishPoundUSDollarMember" xlink:label="pld_BritishPoundUSDollarMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_BritishPoundUSDollarMember_lbl" xml:lang="en-US" id="id_5214848_1310960_3_1">British Pound U S Dollar [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_BritishPoundUSDollarMember_lbl" xml:lang="en-US" id="id_5214848_1310960_1_1">British Pound U S Dollar [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_BritishPoundUSDollarMember_lbl" xml:lang="en-US" id="id_5214848_1310960_2_1">British Pound Sterling to U.S. Dollar [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_BritishPoundUSDollarMember" xlink:to="pld_BritishPoundUSDollarMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_BrookhamDistributionCenterMember" xlink:label="pld_BrookhamDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_BrookhamDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1503767_3_1">Brookham distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_BrookhamDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1503767_1_1">Brookham Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_BrookhamDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1503767_2_1">Brookham Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_BrookhamDistributionCenterMember" xlink:to="pld_BrookhamDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_BrookridgeDistCtrMember" xlink:label="pld_BrookridgeDistCtrMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_BrookridgeDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1610128_3_1">Brookridge Dist Ctr [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_BrookridgeDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1610128_1_1">Brookridge Dist Ctr [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_BrookridgeDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1610128_2_1">Brookridge Dist Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_BrookridgeDistCtrMember" xlink:to="pld_BrookridgeDistCtrMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_BrunswickDistributionCenterMember" xlink:label="pld_BrunswickDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_BrunswickDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1370817_3_1">Brunswick distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_BrunswickDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1370817_1_1">Brunswick Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_BrunswickDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1370817_2_1">Brunswick Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_BrunswickDistributionCenterMember" xlink:to="pld_BrunswickDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_BucharestDistributionCenterMember" xlink:label="pld_BucharestDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_BucharestDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1459539_3_1">Bucharest distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_BucharestDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1459539_1_1">Bucharest Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_BucharestDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1459539_2_1">Bucharest Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_BucharestDistributionCenterMember" xlink:to="pld_BucharestDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_BudapestSzigetDistCenterMember" xlink:label="pld_BudapestSzigetDistCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_BudapestSzigetDistCenterMember_lbl" xml:lang="en-US" id="id_5214848_1310604_3_1">Budapest sziget dist center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_BudapestSzigetDistCenterMember_lbl" xml:lang="en-US" id="id_5214848_1310604_1_1">Budapest Sziget Dist Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_BudapestSzigetDistCenterMember_lbl" xml:lang="en-US" id="id_5214848_1310604_2_1">Budapest-Sziget Dist. Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_BudapestSzigetDistCenterMember" xlink:to="pld_BudapestSzigetDistCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_BufordDistributionCenterMember" xlink:label="pld_BufordDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_BufordDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1296926_3_1">Buford distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_BufordDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1296926_1_1">Buford Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_BufordDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1296926_2_1">Buford Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_BufordDistributionCenterMember" xlink:to="pld_BufordDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BuildingAndBuildingImprovementsMember" xlink:label="us-gaap_BuildingAndBuildingImprovementsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_BuildingAndBuildingImprovementsMember_lbl" xml:lang="en-US" id="id_5214848_1270323_1_1">Building and Building Improvements [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_BuildingAndBuildingImprovementsMember_lbl" xml:lang="en-US" id="id_5214848_1270323_2_1">Building and Improvements [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BuildingAndBuildingImprovementsMember" xlink:to="us-gaap_BuildingAndBuildingImprovementsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BusinessAcquisitionAcquireeDomain" xlink:label="us-gaap_BusinessAcquisitionAcquireeDomain"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_BusinessAcquisitionAcquireeDomain_lbl" xml:lang="en-US" id="id_5214848_1268730_1_1">Business Acquisition, Acquiree [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_BusinessAcquisitionAcquireeDomain_lbl" xml:lang="en-US" id="id_5214848_1268730_2_1">Business Acquisition, Acquiree [Domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BusinessAcquisitionAcquireeDomain" xlink:to="us-gaap_BusinessAcquisitionAcquireeDomain_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_BusinessAcquisitionActualRevenueAndPreTaxIncomeLossLineItems" xlink:label="pld_BusinessAcquisitionActualRevenueAndPreTaxIncomeLossLineItems"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_BusinessAcquisitionActualRevenueAndPreTaxIncomeLossLineItems_lbl" xml:lang="en-US" id="id_5214848_1564627_3_1">Business Acquisition Actual Revenue And Pre Tax Income Loss [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_BusinessAcquisitionActualRevenueAndPreTaxIncomeLossLineItems_lbl" xml:lang="en-US" id="id_5214848_1564627_1_1">Business Acquisition Actual Revenue And Pre Tax Income Loss [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_BusinessAcquisitionActualRevenueAndPreTaxIncomeLossLineItems_lbl" xml:lang="en-US" id="id_5214848_1564627_2_1">Business Acquisition Actual Revenue And Pre Tax Income Loss [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_BusinessAcquisitionActualRevenueAndPreTaxIncomeLossLineItems" xlink:to="pld_BusinessAcquisitionActualRevenueAndPreTaxIncomeLossLineItems_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_BusinessAcquisitionActualRevenueAndPreTaxIncomeLossTable" xlink:label="pld_BusinessAcquisitionActualRevenueAndPreTaxIncomeLossTable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_BusinessAcquisitionActualRevenueAndPreTaxIncomeLossTable_lbl" xml:lang="en-US" id="id_5214848_1498533_3_1">Business Acquisition Actual Revenue And Pre Tax Income Loss [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_BusinessAcquisitionActualRevenueAndPreTaxIncomeLossTable_lbl" xml:lang="en-US" id="id_5214848_1498533_1_1">Business Acquisition Actual Revenue And Pre Tax Income Loss [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_BusinessAcquisitionActualRevenueAndPreTaxIncomeLossTable_lbl" xml:lang="en-US" id="id_5214848_1498533_2_1">Business Acquisition Actual Revenue And Pre Tax Income Loss [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_BusinessAcquisitionActualRevenueAndPreTaxIncomeLossTable" xlink:to="pld_BusinessAcquisitionActualRevenueAndPreTaxIncomeLossTable_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BusinessAcquisitionAxis" xlink:label="us-gaap_BusinessAcquisitionAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_BusinessAcquisitionAxis_lbl" xml:lang="en-US" id="id_5214848_1276960_1_1">Business Acquisition [Axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_BusinessAcquisitionAxis_lbl" xml:lang="en-US" id="id_5214848_1276960_2_1">Business Acquisition [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BusinessAcquisitionAxis" xlink:to="us-gaap_BusinessAcquisitionAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BusinessAcquisitionIntegrationRestructuringAndOtherRelatedCostsTextBlock" xlink:label="us-gaap_BusinessAcquisitionIntegrationRestructuringAndOtherRelatedCostsTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_BusinessAcquisitionIntegrationRestructuringAndOtherRelatedCostsTextBlock_lbl" xml:lang="en-US" id="id_5214848_1268726_1_1">Business Acquisition, Integration, Restructuring and Other Related Costs [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_BusinessAcquisitionIntegrationRestructuringAndOtherRelatedCostsTextBlock_lbl" xml:lang="en-US" id="id_5214848_1268726_2_1">Merger, Acquisition and Other Integration Expenses</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BusinessAcquisitionIntegrationRestructuringAndOtherRelatedCostsTextBlock" xlink:to="us-gaap_BusinessAcquisitionIntegrationRestructuringAndOtherRelatedCostsTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BusinessAcquisitionLineItems" xlink:label="us-gaap_BusinessAcquisitionLineItems"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_BusinessAcquisitionLineItems_lbl" xml:lang="en-US" id="id_5214848_1276962_1_1">Business Acquisition [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_BusinessAcquisitionLineItems_lbl" xml:lang="en-US" id="id_5214848_1276962_2_1">Business Acquisition [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BusinessAcquisitionLineItems" xlink:to="us-gaap_BusinessAcquisitionLineItems_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BusinessAcquisitionPercentageOfVotingInterestsAcquired" xlink:label="us-gaap_BusinessAcquisitionPercentageOfVotingInterestsAcquired"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_BusinessAcquisitionPercentageOfVotingInterestsAcquired_lbl" xml:lang="en-US" id="id_5214848_1275351_1_1">Business Acquisition, Percentage of Voting Interests Acquired</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_BusinessAcquisitionPercentageOfVotingInterestsAcquired_lbl" xml:lang="en-US" id="id_5214848_1275351_2_1">Ownership interest in the venture, percentage</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BusinessAcquisitionPercentageOfVotingInterestsAcquired" xlink:to="us-gaap_BusinessAcquisitionPercentageOfVotingInterestsAcquired_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_BusinessAcquisitionPurchasePriceAllocationMinorityInterest" xlink:label="pld_BusinessAcquisitionPurchasePriceAllocationMinorityInterest"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_BusinessAcquisitionPurchasePriceAllocationMinorityInterest_lbl" xml:lang="en-US" id="id_5214848_1516328_3_1">Business acquisition purchase price allocation minority interest.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_BusinessAcquisitionPurchasePriceAllocationMinorityInterest_lbl" xml:lang="en-US" id="id_5214848_1516328_1_1">Business Acquisition Purchase Price Allocation Minority Interest</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pld_BusinessAcquisitionPurchasePriceAllocationMinorityInterest_lbl" xml:lang="en-US" id="id_5214848_1516328_14_1">Noncontrolling interests</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_BusinessAcquisitionPurchasePriceAllocationMinorityInterest" xlink:to="pld_BusinessAcquisitionPurchasePriceAllocationMinorityInterest_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_BusinessAcquisitionPurchasePriceAllocationRealEstate" xlink:label="pld_BusinessAcquisitionPurchasePriceAllocationRealEstate"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_BusinessAcquisitionPurchasePriceAllocationRealEstate_lbl" xml:lang="en-US" id="id_5214848_1387815_3_1">Business acquisition purchase price allocation real estate investment property at cost.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_BusinessAcquisitionPurchasePriceAllocationRealEstate_lbl" xml:lang="en-US" id="id_5214848_1387815_1_1">Business Acquisition Purchase Price Allocation Real Estate</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_BusinessAcquisitionPurchasePriceAllocationRealEstate_lbl" xml:lang="en-US" id="id_5214848_1387815_2_1">Investments in real estate properties</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_BusinessAcquisitionPurchasePriceAllocationRealEstate" xlink:to="pld_BusinessAcquisitionPurchasePriceAllocationRealEstate_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_BusinessCombinationAbstract" xlink:label="pld_BusinessCombinationAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_BusinessCombinationAbstract_lbl" xml:lang="en-US" id="id_5214848_1414071_3_1">Business Combination [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_BusinessCombinationAbstract_lbl" xml:lang="en-US" id="id_5214848_1414071_1_1">Business Combination [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_BusinessCombinationAbstract_lbl" xml:lang="en-US" id="id_5214848_1414071_2_1">Business Combination [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_BusinessCombinationAbstract" xlink:to="pld_BusinessCombinationAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BusinessCombinationAcquisitionRelatedCosts" xlink:label="us-gaap_BusinessCombinationAcquisitionRelatedCosts"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_BusinessCombinationAcquisitionRelatedCosts_lbl" xml:lang="en-US" id="id_5214848_1287819_1_1">Business Combination, Acquisition Related Costs</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_BusinessCombinationAcquisitionRelatedCosts_lbl" xml:lang="en-US" id="id_5214848_1287819_2_1">Acquisition related costs</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_BusinessCombinationAcquisitionRelatedCosts_lbl" xml:lang="en-US" id="id_5214848_1287819_12_1">Merger, acquisition and other integration expenses</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_BusinessCombinationAcquisitionRelatedCosts_lbl" xml:lang="en-US" id="id_5214848_1287819_14_1">Merger, acquisition and other integration expenses</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BusinessCombinationAcquisitionRelatedCosts" xlink:to="us-gaap_BusinessCombinationAcquisitionRelatedCosts_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BusinessCombinationConsiderationTransferred1" xlink:label="us-gaap_BusinessCombinationConsiderationTransferred1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_BusinessCombinationConsiderationTransferred1_lbl" xml:lang="en-US" id="id_5214848_1283824_1_1">Business Combination, Consideration Transferred</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_BusinessCombinationConsiderationTransferred1_lbl" xml:lang="en-US" id="id_5214848_1283824_2_1">Aggregate purchase price</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_BusinessCombinationConsiderationTransferred1_lbl" xml:lang="en-US" id="id_5214848_1283824_12_1">Total purchase price</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BusinessCombinationConsiderationTransferred1" xlink:to="us-gaap_BusinessCombinationConsiderationTransferred1_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BusinessCombinationDisclosureTextBlock" xlink:label="us-gaap_BusinessCombinationDisclosureTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_BusinessCombinationDisclosureTextBlock_lbl" xml:lang="en-US" id="id_5214848_1276972_1_1">Business Combination Disclosure [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_BusinessCombinationDisclosureTextBlock_lbl" xml:lang="en-US" id="id_5214848_1276972_2_1">Business Combinations</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BusinessCombinationDisclosureTextBlock" xlink:to="us-gaap_BusinessCombinationDisclosureTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual" xlink:label="us-gaap_BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual_lbl" xml:lang="en-US" id="id_5214848_1285168_1_1">Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual_lbl" xml:lang="en-US" id="id_5214848_1285168_2_1">Rental income included in pro forma result</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual" xlink:to="us-gaap_BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssets" xlink:label="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssets"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssets_lbl" xml:lang="en-US" id="id_5214848_1285777_1_1">Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssets_lbl" xml:lang="en-US" id="id_5214848_1285777_2_1">Cash, accounts receivable and other assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssets" xlink:to="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssets_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsOther" xlink:label="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsOther"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsOther_lbl" xml:lang="en-US" id="id_5214848_1287824_1_1">Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Other</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsOther_lbl" xml:lang="en-US" id="id_5214848_1287824_2_1">Business acquisition purchase price allocation other assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsOther" xlink:to="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsOther_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilities" xlink:label="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilities"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilities_lbl" xml:lang="en-US" id="id_5214848_1282936_1_1">Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilities_lbl" xml:lang="en-US" id="id_5214848_1282936_14_1">Accounts payable, accrued expenses and other liabilities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilities" xlink:to="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilities_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand" xlink:label="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand_lbl" xml:lang="en-US" id="id_5214848_1285255_1_1">Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Land</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand_lbl" xml:lang="en-US" id="id_5214848_1285255_2_1">Business acquisition purchase price allocation real estate properties</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand" xlink:to="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesLongTermDebt" xlink:label="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesLongTermDebt"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesLongTermDebt_lbl" xml:lang="en-US" id="id_5214848_1282479_1_1">Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-term Debt</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesLongTermDebt_lbl" xml:lang="en-US" id="id_5214848_1282479_14_1">Debt</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesLongTermDebt" xlink:to="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesLongTermDebt_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesOther" xlink:label="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesOther"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesOther_lbl" xml:lang="en-US" id="id_5214848_1284272_1_1">Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesOther_lbl" xml:lang="en-US" id="id_5214848_1284272_2_1">Business acquisition purchase price allocation other liabilities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesOther" xlink:to="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesOther_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BusinessCombinationsAbstract" xlink:label="us-gaap_BusinessCombinationsAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_BusinessCombinationsAbstract_lbl" xml:lang="en-US" id="id_5214848_1276978_1_1">Business Combinations [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_BusinessCombinationsAbstract_lbl" xml:lang="en-US" id="id_5214848_1276978_2_1">Business Combinations [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BusinessCombinationsAbstract" xlink:to="us-gaap_BusinessCombinationsAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BusinessCombinationsPolicy" xlink:label="us-gaap_BusinessCombinationsPolicy"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_BusinessCombinationsPolicy_lbl" xml:lang="en-US" id="id_5214848_1280222_1_1">Business Combinations Policy [Policy Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_BusinessCombinationsPolicy_lbl" xml:lang="en-US" id="id_5214848_1280222_2_1">Business Combinations</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BusinessCombinationsPolicy" xlink:to="us-gaap_BusinessCombinationsPolicy_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_BwiCargoCenterMember" xlink:label="pld_BwiCargoCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_BwiCargoCenterMember_lbl" xml:lang="en-US" id="id_5214848_1421604_3_1">BWI Cargo Center E [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_BwiCargoCenterMember_lbl" xml:lang="en-US" id="id_5214848_1421604_1_1">Bwi Cargo Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_BwiCargoCenterMember_lbl" xml:lang="en-US" id="id_5214848_1421604_2_1">BWI Cargo Center E [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_BwiCargoCenterMember" xlink:to="pld_BwiCargoCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/country/2013/country-2013-01-31.xsd#country_CA" xlink:label="country_CA"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_CA_lbl" xml:lang="en-US" id="id_5214848_1271478_1_1">CANADA</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="country_CA_lbl" xml:lang="en-US" id="id_5214848_1271478_2_1">Canada [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_CA" xlink:to="country_CA_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_CaliforniaCommerceCenterMember" xlink:label="pld_CaliforniaCommerceCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_CaliforniaCommerceCenterMember_lbl" xml:lang="en-US" id="id_5214848_1534624_3_1">California commerce center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_CaliforniaCommerceCenterMember_lbl" xml:lang="en-US" id="id_5214848_1534624_1_1">California Commerce Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_CaliforniaCommerceCenterMember_lbl" xml:lang="en-US" id="id_5214848_1534624_2_1">California Commerce Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_CaliforniaCommerceCenterMember" xlink:to="pld_CaliforniaCommerceCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_CameronBusinessCenterMember" xlink:label="pld_CameronBusinessCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_CameronBusinessCenterMember_lbl" xml:lang="en-US" id="id_5214848_1395384_3_1">Cameron business center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_CameronBusinessCenterMember_lbl" xml:lang="en-US" id="id_5214848_1395384_1_1">Cameron Business Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_CameronBusinessCenterMember_lbl" xml:lang="en-US" id="id_5214848_1395384_2_1">Cameron Business Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_CameronBusinessCenterMember" xlink:to="pld_CameronBusinessCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_CanalPointeDistributionCenterMember" xlink:label="pld_CanalPointeDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_CanalPointeDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1564307_3_1">Canal Pointe distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_CanalPointeDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1564307_1_1">Canal Pointe Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_CanalPointeDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1564307_2_1">Canal Pointe Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_CanalPointeDistributionCenterMember" xlink:to="pld_CanalPointeDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_CapitalExpendituresPolicyTextBlock" xlink:label="pld_CapitalExpendituresPolicyTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_CapitalExpendituresPolicyTextBlock_lbl" xml:lang="en-US" id="id_5214848_1453782_3_1">Capital Expenditures Policy [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_CapitalExpendituresPolicyTextBlock_lbl" xml:lang="en-US" id="id_5214848_1453782_1_1">Capital Expenditures Policy [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_CapitalExpendituresPolicyTextBlock_lbl" xml:lang="en-US" id="id_5214848_1453782_2_1">Strategic Capital Expenses</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_CapitalExpendituresPolicyTextBlock" xlink:to="pld_CapitalExpendituresPolicyTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_CapitalImprovementsMember" xlink:label="pld_CapitalImprovementsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_CapitalImprovementsMember_lbl" xml:lang="en-US" id="id_5214848_1384324_3_1">Capital improvements.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_CapitalImprovementsMember_lbl" xml:lang="en-US" id="id_5214848_1384324_1_1">Capital Improvements [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_CapitalImprovementsMember_lbl" xml:lang="en-US" id="id_5214848_1384324_2_1">Capital Improvements [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_CapitalImprovementsMember" xlink:to="pld_CapitalImprovementsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_CapitalParkSouthDistributionCenterMember" xlink:label="pld_CapitalParkSouthDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_CapitalParkSouthDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1358969_3_1">Capital park south distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_CapitalParkSouthDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1358969_1_1">Capital Park South Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_CapitalParkSouthDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1358969_2_1">Capital Park South Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_CapitalParkSouthDistributionCenterMember" xlink:to="pld_CapitalParkSouthDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_CarlisleDistCtrMember" xlink:label="pld_CarlisleDistCtrMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_CarlisleDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1511770_3_1">Carlisle Dist Ctr [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_CarlisleDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1511770_1_1">Carlisle Dist Ctr [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_CarlisleDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1511770_2_1">Carlisle Dist Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_CarlisleDistCtrMember" xlink:to="pld_CarlisleDistCtrMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_CarlisleDistributionCenterMember" xlink:label="pld_CarlisleDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_CarlisleDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1473201_3_1">Carlisle Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_CarlisleDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1473201_1_1">Carlisle Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_CarlisleDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1473201_2_1">Carlisle Dist Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_CarlisleDistributionCenterMember" xlink:to="pld_CarlisleDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_CarsonDistCtrMember" xlink:label="pld_CarsonDistCtrMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_CarsonDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1445225_3_1">Carson Dist Ctr.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_CarsonDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1445225_1_1">Carson Dist Ctr [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_CarsonDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1445225_2_1">Carson Dist Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_CarsonDistCtrMember" xlink:to="pld_CarsonDistCtrMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_CarsonIndustrialMember" xlink:label="pld_CarsonIndustrialMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_CarsonIndustrialMember_lbl" xml:lang="en-US" id="id_5214848_1372192_3_1">Carson Industrial.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_CarsonIndustrialMember_lbl" xml:lang="en-US" id="id_5214848_1372192_1_1">Carson Industrial [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_CarsonIndustrialMember_lbl" xml:lang="en-US" id="id_5214848_1372192_2_1">Carson Industrial [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_CarsonIndustrialMember" xlink:to="pld_CarsonIndustrialMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_CarsonTownCenterMember" xlink:label="pld_CarsonTownCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_CarsonTownCenterMember_lbl" xml:lang="en-US" id="id_5214848_1438700_3_1">Carson Town Center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_CarsonTownCenterMember_lbl" xml:lang="en-US" id="id_5214848_1438700_1_1">Carson Town Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_CarsonTownCenterMember_lbl" xml:lang="en-US" id="id_5214848_1438700_2_1">Carson Town Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_CarsonTownCenterMember" xlink:to="pld_CarsonTownCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_CarterPacificBusCenterMember" xlink:label="pld_CarterPacificBusCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_CarterPacificBusCenterMember_lbl" xml:lang="en-US" id="id_5214848_1609640_3_1">Carter Pacific Bus Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_CarterPacificBusCenterMember_lbl" xml:lang="en-US" id="id_5214848_1609640_1_1">Carter Pacific Bus Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_CarterPacificBusCenterMember_lbl" xml:lang="en-US" id="id_5214848_1609640_2_1">Carter-Pacific Bus Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_CarterPacificBusCenterMember" xlink:to="pld_CarterPacificBusCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue_lbl" xml:lang="en-US" id="id_5214848_1285262_1_1">Cash and Cash Equivalents, at Carrying Value</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue_lbl" xml:lang="en-US" id="id_5214848_1285262_4_1">Cash and cash equivalents, end of year</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue_lbl" xml:lang="en-US" id="id_5214848_1285262_5_1">Cash and cash equivalents, beginning of year</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue_lbl" xml:lang="en-US" id="id_5214848_1285262_2_1">Cash and cash equivalents</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:to="us-gaap_CashAndCashEquivalentsAtCarryingValue_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:label="us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_lbl" xml:lang="en-US" id="id_5214848_1286290_1_1">Cash and Cash Equivalents, Period Increase (Decrease)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_lbl" xml:lang="en-US" id="id_5214848_1286290_6_1">Net increase (decrease) in cash and cash equivalents</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:to="us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CashAndCashEquivalentsPolicyTextBlock" xlink:label="us-gaap_CashAndCashEquivalentsPolicyTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CashAndCashEquivalentsPolicyTextBlock_lbl" xml:lang="en-US" id="id_5214848_1275397_1_1">Cash and Cash Equivalents, Policy [Policy Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CashAndCashEquivalentsPolicyTextBlock_lbl" xml:lang="en-US" id="id_5214848_1275397_2_1">Cash and Cash Equivalents</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashAndCashEquivalentsPolicyTextBlock" xlink:to="us-gaap_CashAndCashEquivalentsPolicyTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CashFlowSupplementalDisclosuresTextBlock" xlink:label="us-gaap_CashFlowSupplementalDisclosuresTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CashFlowSupplementalDisclosuresTextBlock_lbl" xml:lang="en-US" id="id_5214848_1272018_1_1">Cash Flow, Supplemental Disclosures [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CashFlowSupplementalDisclosuresTextBlock_lbl" xml:lang="en-US" id="id_5214848_1272018_2_1">Supplemental Cash Flow Information</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashFlowSupplementalDisclosuresTextBlock" xlink:to="us-gaap_CashFlowSupplementalDisclosuresTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_CashIncentiveAwardForfeitedIfShareholderReturnNotBecomePositiveDuringPeriod" xlink:label="pld_CashIncentiveAwardForfeitedIfShareholderReturnNotBecomePositiveDuringPeriod"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_CashIncentiveAwardForfeitedIfShareholderReturnNotBecomePositiveDuringPeriod_lbl" xml:lang="en-US" id="id_5214848_1354203_3_1">Cash Incentive Award Forfeited If Shareholder Return Not Become Positive During Period</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_CashIncentiveAwardForfeitedIfShareholderReturnNotBecomePositiveDuringPeriod_lbl" xml:lang="en-US" id="id_5214848_1354203_1_1">Cash Incentive Award Forfeited If Shareholder Return Not Become Positive During Period</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_CashIncentiveAwardForfeitedIfShareholderReturnNotBecomePositiveDuringPeriod_lbl" xml:lang="en-US" id="id_5214848_1354203_2_1">Forfeited awards after seven years</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_CashIncentiveAwardForfeitedIfShareholderReturnNotBecomePositiveDuringPeriod" xlink:to="pld_CashIncentiveAwardForfeitedIfShareholderReturnNotBecomePositiveDuringPeriod_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_CashIncentivesAwardsGrantedAmountMaximum" xlink:label="pld_CashIncentivesAwardsGrantedAmountMaximum"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_CashIncentivesAwardsGrantedAmountMaximum_lbl" xml:lang="en-US" id="id_5214848_1495150_3_1">Cash incentives awards granted amount maximum.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_CashIncentivesAwardsGrantedAmountMaximum_lbl" xml:lang="en-US" id="id_5214848_1495150_1_1">Cash Incentives Awards Granted Amount Maximum</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_CashIncentivesAwardsGrantedAmountMaximum_lbl" xml:lang="en-US" id="id_5214848_1495150_2_1">Cash incentive award maximum</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_CashIncentivesAwardsGrantedAmountMaximum" xlink:to="pld_CashIncentivesAwardsGrantedAmountMaximum_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_CastelSanGiovanniDistCtrMember" xlink:label="pld_CastelSanGiovanniDistCtrMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_CastelSanGiovanniDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1435593_3_1">Castel San Giovanni Dist Ctr.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_CastelSanGiovanniDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1435593_1_1">Castel San Giovanni Dist Ctr [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_CastelSanGiovanniDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1435593_2_1">Castel San Giovanni Dist Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_CastelSanGiovanniDistCtrMember" xlink:to="pld_CastelSanGiovanniDistCtrMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_CatKaiserCommCtrMember" xlink:label="pld_CatKaiserCommCtrMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_CatKaiserCommCtrMember_lbl" xml:lang="en-US" id="id_5214848_1610291_3_1">CAT Kaiser Comm Ctr [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_CatKaiserCommCtrMember_lbl" xml:lang="en-US" id="id_5214848_1610291_1_1">CAT Kaiser Comm Ctr [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_CatKaiserCommCtrMember_lbl" xml:lang="en-US" id="id_5214848_1610291_2_1">CAT - Kaiser Comm Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_CatKaiserCommCtrMember" xlink:to="pld_CatKaiserCommCtrMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_CedarGroveDistributionCenterMember" xlink:label="pld_CedarGroveDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_CedarGroveDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1554727_3_1">Cedar grove distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_CedarGroveDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1554727_1_1">Cedar Grove Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_CedarGroveDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1554727_2_1">Cedar Grove Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_CedarGroveDistributionCenterMember" xlink:to="pld_CedarGroveDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_CedarpointeIndustrialParkMember" xlink:label="pld_CedarpointeIndustrialParkMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_CedarpointeIndustrialParkMember_lbl" xml:lang="en-US" id="id_5214848_1424058_3_1">Cedarpointe Industrial Park [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_CedarpointeIndustrialParkMember_lbl" xml:lang="en-US" id="id_5214848_1424058_1_1">Cedarpointe Industrial Park [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_CedarpointeIndustrialParkMember_lbl" xml:lang="en-US" id="id_5214848_1424058_2_1">Cedarpointe Industrial Park [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_CedarpointeIndustrialParkMember" xlink:to="pld_CedarpointeIndustrialParkMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_CenterpointMember" xlink:label="pld_CenterpointMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_CenterpointMember_lbl" xml:lang="en-US" id="id_5214848_1397769_3_1">Centerpoint [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_CenterpointMember_lbl" xml:lang="en-US" id="id_5214848_1397769_1_1">Centerpoint [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_CenterpointMember_lbl" xml:lang="en-US" id="id_5214848_1397769_2_1">Centerpoint Dist Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_CenterpointMember" xlink:to="pld_CenterpointMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_CenterPortDistributionCenterMember" xlink:label="pld_CenterPortDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_CenterPortDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1429478_3_1">CenterPort distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_CenterPortDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1429478_1_1">Center Port Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_CenterPortDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1429478_2_1">CenterPort Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_CenterPortDistributionCenterMember" xlink:to="pld_CenterPortDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_CentralAndEasternEuropeMember" xlink:label="pld_CentralAndEasternEuropeMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_CentralAndEasternEuropeMember_lbl" xml:lang="en-US" id="id_5214848_1610603_3_1">Central and eastern Europe.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_CentralAndEasternEuropeMember_lbl" xml:lang="en-US" id="id_5214848_1610603_1_1">Central And Eastern Europe [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_CentralAndEasternEuropeMember_lbl" xml:lang="en-US" id="id_5214848_1610603_2_1">Central And Eastern Europe [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_CentralAndEasternEuropeMember" xlink:to="pld_CentralAndEasternEuropeMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_CentralAndEasternPennsylvaniaMember" xlink:label="pld_CentralAndEasternPennsylvaniaMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_CentralAndEasternPennsylvaniaMember_lbl" xml:lang="en-US" id="id_5214848_1453414_3_1">Central and Eastern Pennsylvania [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_CentralAndEasternPennsylvaniaMember_lbl" xml:lang="en-US" id="id_5214848_1453414_1_1">Central And Eastern Pennsylvania [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_CentralAndEasternPennsylvaniaMember_lbl" xml:lang="en-US" id="id_5214848_1453414_2_1">Central &amp; Eastern, Pennsylvania [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_CentralAndEasternPennsylvaniaMember" xlink:to="pld_CentralAndEasternPennsylvaniaMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_CentralValleyCaliforniaMember" xlink:label="pld_CentralValleyCaliforniaMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_CentralValleyCaliforniaMember_lbl" xml:lang="en-US" id="id_5214848_1312013_3_1">Central valley California.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_CentralValleyCaliforniaMember_lbl" xml:lang="en-US" id="id_5214848_1312013_1_1">Central Valley California [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_CentralValleyCaliforniaMember_lbl" xml:lang="en-US" id="id_5214848_1312013_2_1">Central Valley, CA [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_CentralValleyCaliforniaMember" xlink:to="pld_CentralValleyCaliforniaMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_CentralValleyCaMember" xlink:label="pld_CentralValleyCaMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_CentralValleyCaMember_lbl" xml:lang="en-US" id="id_5214848_1610288_3_1">Central Valley CA [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_CentralValleyCaMember_lbl" xml:lang="en-US" id="id_5214848_1610288_1_1">Central Valley CA [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_CentralValleyCaMember_lbl" xml:lang="en-US" id="id_5214848_1610288_2_1">Central Valley, CA [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_CentralValleyCaMember" xlink:to="pld_CentralValleyCaMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_CentralValleyDistributionCenterMember" xlink:label="pld_CentralValleyDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_CentralValleyDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1609646_3_1">Central Valley Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_CentralValleyDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1609646_1_1">Central Valley Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_CentralValleyDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1609646_2_1">Central Valley Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_CentralValleyDistributionCenterMember" xlink:to="pld_CentralValleyDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_CentralValleyIndustrialCenterMember" xlink:label="pld_CentralValleyIndustrialCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_CentralValleyIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1297049_3_1">Central valley industrial center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_CentralValleyIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1297049_1_1">Central Valley Industrial Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_CentralValleyIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1297049_2_1">Central Valley Industrial Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_CentralValleyIndustrialCenterMember" xlink:to="pld_CentralValleyIndustrialCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_CentrePointeDistributionCenterMember" xlink:label="pld_CentrePointeDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_CentrePointeDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1526123_3_1">Centre Pointe Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_CentrePointeDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1526123_1_1">Centre Pointe Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_CentrePointeDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1526123_2_1">CentrePointe Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_CentrePointeDistributionCenterMember" xlink:to="pld_CentrePointeDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_CentroIndustrialCenterMember" xlink:label="pld_CentroIndustrialCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_CentroIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1562013_3_1">Centro industrial center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_CentroIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1562013_1_1">Centro Industrial Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_CentroIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1562013_2_1">Centro Industrial Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_CentroIndustrialCenterMember" xlink:to="pld_CentroIndustrialCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ChabotCommerceCtrMember" xlink:label="pld_ChabotCommerceCtrMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ChabotCommerceCtrMember_lbl" xml:lang="en-US" id="id_5214848_1420412_3_1">Chabot Commerce Ctr [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ChabotCommerceCtrMember_lbl" xml:lang="en-US" id="id_5214848_1420412_1_1">Chabot Commerce Ctr [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ChabotCommerceCtrMember_lbl" xml:lang="en-US" id="id_5214848_1420412_2_1">Chabot Commerce Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ChabotCommerceCtrMember" xlink:to="pld_ChabotCommerceCtrMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ChambersburgDistCtrMember" xlink:label="pld_ChambersburgDistCtrMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ChambersburgDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1551913_3_1">Chambersburg Dist Ctr [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ChambersburgDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1551913_1_1">Chambersburg Dist Ctr [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ChambersburgDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1551913_2_1">Chambersburg Dist Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ChambersburgDistCtrMember" xlink:to="pld_ChambersburgDistCtrMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ChancellorDistributionCenterMember" xlink:label="pld_ChancellorDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ChancellorDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1532197_3_1">Chancellor distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ChancellorDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1532197_1_1">Chancellor Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ChancellorDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1532197_2_1">Chancellor Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ChancellorDistributionCenterMember" xlink:to="pld_ChancellorDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ChancellorSquareMember" xlink:label="pld_ChancellorSquareMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ChancellorSquareMember_lbl" xml:lang="en-US" id="id_5214848_1340307_3_1">Chancellor Square [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ChancellorSquareMember_lbl" xml:lang="en-US" id="id_5214848_1340307_1_1">Chancellor Square [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ChancellorSquareMember_lbl" xml:lang="en-US" id="id_5214848_1340307_2_1">Chancellor Square [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ChancellorSquareMember" xlink:to="pld_ChancellorSquareMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ChangiNorthDcOneMember" xlink:label="pld_ChangiNorthDcOneMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ChangiNorthDcOneMember_lbl" xml:lang="en-US" id="id_5214848_1542357_3_1">Changi-North Dc 1.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ChangiNorthDcOneMember_lbl" xml:lang="en-US" id="id_5214848_1542357_1_1">Changi North Dc One [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ChangiNorthDcOneMember_lbl" xml:lang="en-US" id="id_5214848_1542357_2_1">Changi-North DC 1 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ChangiNorthDcOneMember" xlink:to="pld_ChangiNorthDcOneMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ChangiSouthDistrCtrOneMember" xlink:label="pld_ChangiSouthDistrCtrOneMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ChangiSouthDistrCtrOneMember_lbl" xml:lang="en-US" id="id_5214848_1398807_3_1">Changi South Distr Ctr 1.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ChangiSouthDistrCtrOneMember_lbl" xml:lang="en-US" id="id_5214848_1398807_1_1">Changi South Distr Ctr One [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ChangiSouthDistrCtrOneMember_lbl" xml:lang="en-US" id="id_5214848_1398807_2_1">Changi South Distr Ctr 1 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ChangiSouthDistrCtrOneMember" xlink:to="pld_ChangiSouthDistrCtrOneMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_CharlotteDistributionCenterMember" xlink:label="pld_CharlotteDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_CharlotteDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1491854_3_1">Charlotte distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_CharlotteDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1491854_1_1">Charlotte Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_CharlotteDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1491854_2_1">Charlotte Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_CharlotteDistributionCenterMember" xlink:to="pld_CharlotteDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_CharlotteNorthCarolinaMember" xlink:label="pld_CharlotteNorthCarolinaMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_CharlotteNorthCarolinaMember_lbl" xml:lang="en-US" id="id_5214848_1406525_3_1">Charlotte North Carolina [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_CharlotteNorthCarolinaMember_lbl" xml:lang="en-US" id="id_5214848_1406525_1_1">Charlotte North Carolina [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_CharlotteNorthCarolinaMember_lbl" xml:lang="en-US" id="id_5214848_1406525_2_1">Charlotte North Carolina [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_CharlotteNorthCarolinaMember" xlink:to="pld_CharlotteNorthCarolinaMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ChartwellDistributionCenterMember" xlink:label="pld_ChartwellDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ChartwellDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1383103_3_1">Chartwell distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ChartwellDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1383103_1_1">Chartwell Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ChartwellDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1383103_2_1">Chartwell Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ChartwellDistributionCenterMember" xlink:to="pld_ChartwellDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ChesapeakeDistributionCenterMember" xlink:label="pld_ChesapeakeDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ChesapeakeDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1610126_3_1">Chesapeake Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ChesapeakeDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1610126_1_1">Chesapeake Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ChesapeakeDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1610126_2_1">Chesapeake Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ChesapeakeDistributionCenterMember" xlink:to="pld_ChesapeakeDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ChesterDistributionCenterMember" xlink:label="pld_ChesterDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ChesterDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1376155_3_1">Chester distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ChesterDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1376155_1_1">Chester Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ChesterDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1376155_2_1">Chester Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ChesterDistributionCenterMember" xlink:to="pld_ChesterDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ChibaNewTownDistributionCenterMember" xlink:label="pld_ChibaNewTownDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ChibaNewTownDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1610304_3_1">Chiba New Town Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ChibaNewTownDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1610304_1_1">Chiba New Town Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ChibaNewTownDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1610304_2_1">Chiba New Town Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ChibaNewTownDistributionCenterMember" xlink:to="pld_ChibaNewTownDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ChicagoIllinoisMember" xlink:label="pld_ChicagoIllinoisMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ChicagoIllinoisMember_lbl" xml:lang="en-US" id="id_5214848_1565881_3_1">Chicago, Illinois [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ChicagoIllinoisMember_lbl" xml:lang="en-US" id="id_5214848_1565881_1_1">Chicago, Illinois [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ChicagoIllinoisMember_lbl" xml:lang="en-US" id="id_5214848_1565881_2_1">Chicago, Illinois [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ChicagoIllinoisMember" xlink:to="pld_ChicagoIllinoisMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ChicagoIndustrialPortfolioMember" xlink:label="pld_ChicagoIndustrialPortfolioMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ChicagoIndustrialPortfolioMember_lbl" xml:lang="en-US" id="id_5214848_1477927_3_1">Chicago Industrial Portfolio [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ChicagoIndustrialPortfolioMember_lbl" xml:lang="en-US" id="id_5214848_1477927_1_1">Chicago Industrial Portfolio [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ChicagoIndustrialPortfolioMember_lbl" xml:lang="en-US" id="id_5214848_1477927_2_1">Chicago Industrial Portfolio [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ChicagoIndustrialPortfolioMember" xlink:to="pld_ChicagoIndustrialPortfolioMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ChinoIndustrialCenterMember" xlink:label="pld_ChinoIndustrialCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ChinoIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1331245_3_1">Chino Industrial Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ChinoIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1331245_1_1">Chino Industrial Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ChinoIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1331245_2_1">Chino Ind Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ChinoIndustrialCenterMember" xlink:to="pld_ChinoIndustrialCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_CincinnatiOhioMember" xlink:label="pld_CincinnatiOhioMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_CincinnatiOhioMember_lbl" xml:lang="en-US" id="id_5214848_1353257_3_1">Cincinnati Ohio.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_CincinnatiOhioMember_lbl" xml:lang="en-US" id="id_5214848_1353257_1_1">Cincinnati Ohio [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_CincinnatiOhioMember_lbl" xml:lang="en-US" id="id_5214848_1353257_2_1">Cincinnati, Ohio [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_CincinnatiOhioMember" xlink:to="pld_CincinnatiOhioMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ClackamasDistributionCenterMember" xlink:label="pld_ClackamasDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ClackamasDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1451852_3_1">Clackamas Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ClackamasDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1451852_1_1">Clackamas Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ClackamasDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1451852_2_1">Clackamas Dist Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ClackamasDistributionCenterMember" xlink:to="pld_ClackamasDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassOfStockDomain" xlink:label="us-gaap_ClassOfStockDomain"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ClassOfStockDomain_lbl" xml:lang="en-US" id="id_5214848_1277017_1_1">Class of Stock [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ClassOfStockDomain_lbl" xml:lang="en-US" id="id_5214848_1277017_2_1">Class of Stock [Domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ClassOfStockDomain" xlink:to="us-gaap_ClassOfStockDomain_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassOfStockLineItems" xlink:label="us-gaap_ClassOfStockLineItems"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ClassOfStockLineItems_lbl" xml:lang="en-US" id="id_5214848_1268790_1_1">Class of Stock [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ClassOfStockLineItems_lbl" xml:lang="en-US" id="id_5214848_1268790_2_1">Class of Stock [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ClassOfStockLineItems" xlink:to="us-gaap_ClassOfStockLineItems_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1" xlink:label="us-gaap_ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_lbl" xml:lang="en-US" id="id_5214848_1275410_1_1">Class of Warrant or Right, Exercise Price of Warrants or Rights</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_lbl" xml:lang="en-US" id="id_5214848_1275410_2_1">Common Stock Issued In Exercise Of Warrants Per Share</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1" xlink:to="us-gaap_ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ClearfieldIndCtrMember" xlink:label="pld_ClearfieldIndCtrMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ClearfieldIndCtrMember_lbl" xml:lang="en-US" id="id_5214848_1610130_3_1">Clearfield Ind Ctr [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ClearfieldIndCtrMember_lbl" xml:lang="en-US" id="id_5214848_1610130_1_1">Clearfield Ind Ctr [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ClearfieldIndCtrMember_lbl" xml:lang="en-US" id="id_5214848_1610130_2_1">Clearfield Ind Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ClearfieldIndCtrMember" xlink:to="pld_ClearfieldIndCtrMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_CliftonDistributionCenterMember" xlink:label="pld_CliftonDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_CliftonDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1362460_3_1">Clifton distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_CliftonDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1362460_1_1">Clifton Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_CliftonDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1362460_2_1">Clifton Dist Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_CliftonDistributionCenterMember" xlink:to="pld_CliftonDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/country/2013/country-2013-01-31.xsd#country_CN" xlink:label="country_CN"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_CN_lbl" xml:lang="en-US" id="id_5214848_1281280_1_1">CHINA</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="country_CN_lbl" xml:lang="en-US" id="id_5214848_1281280_2_1">China [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_CN" xlink:to="country_CN_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_CobbPlaceDistributionCenterMember" xlink:label="pld_CobbPlaceDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_CobbPlaceDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1345511_3_1">Cobb Place Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_CobbPlaceDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1345511_1_1">Cobb Place Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_CobbPlaceDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1345511_2_1">Cobb Place Dist Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_CobbPlaceDistributionCenterMember" xlink:to="pld_CobbPlaceDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_CoInvestmentVenturesMember" xlink:label="pld_CoInvestmentVenturesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_CoInvestmentVenturesMember_lbl" xml:lang="en-US" id="id_5214848_1565953_3_1">Co-investment ventures.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_CoInvestmentVenturesMember_lbl" xml:lang="en-US" id="id_5214848_1565953_1_1">Co Investment Ventures [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_CoInvestmentVenturesMember_lbl" xml:lang="en-US" id="id_5214848_1565953_2_1">Unconsolidated Co-Investment Ventures [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_CoInvestmentVenturesMember" xlink:to="pld_CoInvestmentVenturesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ColiseumDistributionCenterMember" xlink:label="pld_ColiseumDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ColiseumDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1463174_3_1">Coliseum distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ColiseumDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1463174_1_1">Coliseum Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ColiseumDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1463174_2_1">Coliseum Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ColiseumDistributionCenterMember" xlink:to="pld_ColiseumDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ColumbusOhioMember" xlink:label="pld_ColumbusOhioMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ColumbusOhioMember_lbl" xml:lang="en-US" id="id_5214848_1377552_3_1">Columbus Ohio [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ColumbusOhioMember_lbl" xml:lang="en-US" id="id_5214848_1377552_1_1">Columbus Ohio [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ColumbusOhioMember_lbl" xml:lang="en-US" id="id_5214848_1377552_2_1">Columbus, Ohio [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ColumbusOhioMember" xlink:to="pld_ColumbusOhioMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ColumbusWestIndustrialCenterMember" xlink:label="pld_ColumbusWestIndustrialCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ColumbusWestIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1609722_3_1">Columbus West Industrial Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ColumbusWestIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1609722_1_1">Columbus West Industrial Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ColumbusWestIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1609722_2_1">Columbus West Ind Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ColumbusWestIndustrialCenterMember" xlink:to="pld_ColumbusWestIndustrialCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_CommerceCrossingsDistributionCenterMember" xlink:label="pld_CommerceCrossingsDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_CommerceCrossingsDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1402627_3_1">Commerce crossings distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_CommerceCrossingsDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1402627_1_1">Commerce Crossings Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_CommerceCrossingsDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1402627_2_1">Commerce Crossings Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_CommerceCrossingsDistributionCenterMember" xlink:to="pld_CommerceCrossingsDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_CommerceIndustrialCenterMember" xlink:label="pld_CommerceIndustrialCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_CommerceIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1569797_3_1">Commerce Industrial Center[Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_CommerceIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1569797_1_1">Commerce Industrial Center[Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_CommerceIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1569797_2_1">Commerce Ind Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_CommerceIndustrialCenterMember" xlink:to="pld_CommerceIndustrialCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:label="us-gaap_CommitmentsAndContingenciesDisclosureAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommitmentsAndContingenciesDisclosureAbstract_lbl" xml:lang="en-US" id="id_5214848_1272029_1_1">Commitments and Contingencies Disclosure [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CommitmentsAndContingenciesDisclosureAbstract_lbl" xml:lang="en-US" id="id_5214848_1272029_2_1">Commitments and Contingencies Disclosure [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:to="us-gaap_CommitmentsAndContingenciesDisclosureAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureTextBlock" xlink:label="us-gaap_CommitmentsAndContingenciesDisclosureTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommitmentsAndContingenciesDisclosureTextBlock_lbl" xml:lang="en-US" id="id_5214848_1268805_1_1">Commitments and Contingencies Disclosure [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CommitmentsAndContingenciesDisclosureTextBlock_lbl" xml:lang="en-US" id="id_5214848_1268805_2_1">Commitments and Contingencies</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommitmentsAndContingenciesDisclosureTextBlock" xlink:to="us-gaap_CommitmentsAndContingenciesDisclosureTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_CommonCapitalMember" xlink:label="pld_CommonCapitalMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_CommonCapitalMember_lbl" xml:lang="en-US" id="id_5214848_1564699_3_1">Common [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_CommonCapitalMember_lbl" xml:lang="en-US" id="id_5214848_1564699_1_1">Common Capital [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_CommonCapitalMember_lbl" xml:lang="en-US" id="id_5214848_1564699_2_1">Common [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_CommonCapitalMember" xlink:to="pld_CommonCapitalMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommonStockCapitalSharesReservedForFutureIssuance" xlink:label="us-gaap_CommonStockCapitalSharesReservedForFutureIssuance"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockCapitalSharesReservedForFutureIssuance_lbl" xml:lang="en-US" id="id_5214848_1278673_1_1">Common Stock, Capital Shares Reserved for Future Issuance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CommonStockCapitalSharesReservedForFutureIssuance_lbl" xml:lang="en-US" id="id_5214848_1278673_2_1">Number of common stocks are reserved for issuance</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockCapitalSharesReservedForFutureIssuance" xlink:to="us-gaap_CommonStockCapitalSharesReservedForFutureIssuance_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommonStockConversionBasis" xlink:label="us-gaap_CommonStockConversionBasis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockConversionBasis_lbl" xml:lang="en-US" id="id_5214848_1280269_1_1">Common Stock, Conversion Basis</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CommonStockConversionBasis_lbl" xml:lang="en-US" id="id_5214848_1280269_2_1">Common stock, conversion basis</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_CommonStockConversionBasis_lbl" xml:lang="en-US" id="id_5214848_1280269_12_1">Description of conversion rate</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockConversionBasis" xlink:to="us-gaap_CommonStockConversionBasis_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_CommonStockDividendsPerShareCapitalGains" xlink:label="pld_CommonStockDividendsPerShareCapitalGains"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_CommonStockDividendsPerShareCapitalGains_lbl" xml:lang="en-US" id="id_5214848_1448981_3_1">Common stock dividends per share capital gains.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_CommonStockDividendsPerShareCapitalGains_lbl" xml:lang="en-US" id="id_5214848_1448981_1_1">Common Stock Dividends Per Share Capital Gains</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_CommonStockDividendsPerShareCapitalGains_lbl" xml:lang="en-US" id="id_5214848_1448981_2_1">Capital gains</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_CommonStockDividendsPerShareCapitalGains" xlink:to="pld_CommonStockDividendsPerShareCapitalGains_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommonStockDividendsPerShareCashPaid" xlink:label="us-gaap_CommonStockDividendsPerShareCashPaid"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockDividendsPerShareCashPaid_lbl" xml:lang="en-US" id="id_5214848_1275424_1_1">Common Stock, Dividends, Per Share, Cash Paid</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CommonStockDividendsPerShareCashPaid_lbl" xml:lang="en-US" id="id_5214848_1275424_2_1">Dividends per common share</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockDividendsPerShareCashPaid" xlink:to="us-gaap_CommonStockDividendsPerShareCashPaid_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommonStockDividendsPerShareDeclared" xlink:label="us-gaap_CommonStockDividendsPerShareDeclared"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockDividendsPerShareDeclared_lbl" xml:lang="en-US" id="id_5214848_1278674_1_1">Common Stock, Dividends, Per Share, Declared</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CommonStockDividendsPerShareDeclared_lbl" xml:lang="en-US" id="id_5214848_1278674_2_1">Qualified dividend</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockDividendsPerShareDeclared" xlink:to="us-gaap_CommonStockDividendsPerShareDeclared_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_CommonStockDividendsPerShareOrdinaryIncome" xlink:label="pld_CommonStockDividendsPerShareOrdinaryIncome"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_CommonStockDividendsPerShareOrdinaryIncome_lbl" xml:lang="en-US" id="id_5214848_1366118_3_1">Common stock dividends per share ordinary income.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_CommonStockDividendsPerShareOrdinaryIncome_lbl" xml:lang="en-US" id="id_5214848_1366118_1_1">Common Stock Dividends Per Share Ordinary Income</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_CommonStockDividendsPerShareOrdinaryIncome_lbl" xml:lang="en-US" id="id_5214848_1366118_2_1">Ordinary income</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_CommonStockDividendsPerShareOrdinaryIncome" xlink:to="pld_CommonStockDividendsPerShareOrdinaryIncome_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommonStockMember" xlink:label="us-gaap_CommonStockMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockMember_lbl" xml:lang="en-US" id="id_5214848_1270422_1_1">Common Stock [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CommonStockMember_lbl" xml:lang="en-US" id="id_5214848_1270422_2_1">Common Stock [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockMember" xlink:to="us-gaap_CommonStockMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommonStockParOrStatedValuePerShare" xlink:label="us-gaap_CommonStockParOrStatedValuePerShare"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockParOrStatedValuePerShare_lbl" xml:lang="en-US" id="id_5214848_1278675_1_1">Common Stock, Par or Stated Value Per Share</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CommonStockParOrStatedValuePerShare_lbl" xml:lang="en-US" id="id_5214848_1278675_2_1">Common stock, par value</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockParOrStatedValuePerShare" xlink:to="us-gaap_CommonStockParOrStatedValuePerShare_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommonStockSharesAuthorized" xlink:label="us-gaap_CommonStockSharesAuthorized"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockSharesAuthorized_lbl" xml:lang="en-US" id="id_5214848_1270423_1_1">Common Stock, Shares Authorized</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CommonStockSharesAuthorized_lbl" xml:lang="en-US" id="id_5214848_1270423_2_1">Common stock, shares authorized</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockSharesAuthorized" xlink:to="us-gaap_CommonStockSharesAuthorized_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommonStockSharesIssued" xlink:label="us-gaap_CommonStockSharesIssued"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockSharesIssued_lbl" xml:lang="en-US" id="id_5214848_1268808_1_1">Common Stock, Shares, Issued</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_CommonStockSharesIssued_lbl" xml:lang="en-US" id="id_5214848_1268808_4_1">Balance, Shares</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_CommonStockSharesIssued_lbl" xml:lang="en-US" id="id_5214848_1268808_5_1">Balance, Shares</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CommonStockSharesIssued_lbl" xml:lang="en-US" id="id_5214848_1268808_2_1">Common stock, shares issued</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockSharesIssued" xlink:to="us-gaap_CommonStockSharesIssued_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommonStockSharesOutstanding" xlink:label="us-gaap_CommonStockSharesOutstanding"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockSharesOutstanding_lbl" xml:lang="en-US" id="id_5214848_1268809_1_1">Common Stock, Shares, Outstanding</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CommonStockSharesOutstanding_lbl" xml:lang="en-US" id="id_5214848_1268809_2_1">Common stock, shares outstanding</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockSharesOutstanding" xlink:to="us-gaap_CommonStockSharesOutstanding_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommonStockValue" xlink:label="us-gaap_CommonStockValue"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockValue_lbl" xml:lang="en-US" id="id_5214848_1282921_1_1">Common Stock, Value, Issued</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CommonStockValue_lbl" xml:lang="en-US" id="id_5214848_1282921_2_1">Common stock; $0.01 par value; 509,498 shares and 498,799 shares issued and outstanding at December 31, 2014 and December 31, 2013, respectively</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockValue" xlink:to="us-gaap_CommonStockValue_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CompensationRelatedCostsPolicyTextBlock" xlink:label="us-gaap_CompensationRelatedCostsPolicyTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CompensationRelatedCostsPolicyTextBlock_lbl" xml:lang="en-US" id="id_5214848_1270400_1_1">Compensation Related Costs, Policy [Policy Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CompensationRelatedCostsPolicyTextBlock_lbl" xml:lang="en-US" id="id_5214848_1270400_2_1">Equity-Based Compensation</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CompensationRelatedCostsPolicyTextBlock" xlink:to="us-gaap_CompensationRelatedCostsPolicyTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ComponentDriveIndPortMember" xlink:label="pld_ComponentDriveIndPortMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ComponentDriveIndPortMember_lbl" xml:lang="en-US" id="id_5214848_1296842_3_1">Component Drive Ind Port [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ComponentDriveIndPortMember_lbl" xml:lang="en-US" id="id_5214848_1296842_1_1">Component Drive Ind Port [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ComponentDriveIndPortMember_lbl" xml:lang="en-US" id="id_5214848_1296842_2_1">Component Drive Ind Port [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ComponentDriveIndPortMember" xlink:to="pld_ComponentDriveIndPortMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTax" xlink:label="us-gaap_ComprehensiveIncomeNetOfTax"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ComprehensiveIncomeNetOfTax_lbl" xml:lang="en-US" id="id_5214848_1283349_1_1">Comprehensive Income (Loss), Net of Tax, Attributable to Parent</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_ComprehensiveIncomeNetOfTax_lbl" xml:lang="en-US" id="id_5214848_1283349_6_1">Comprehensive income (loss) attributable to common stockholders/unitholders</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ComprehensiveIncomeNetOfTax" xlink:to="us-gaap_ComprehensiveIncomeNetOfTax_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTaxAbstract" xlink:label="us-gaap_ComprehensiveIncomeNetOfTaxAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ComprehensiveIncomeNetOfTaxAbstract_lbl" xml:lang="en-US" id="id_5214848_1277041_1_1">Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ComprehensiveIncomeNetOfTaxAbstract_lbl" xml:lang="en-US" id="id_5214848_1277041_2_1">Other comprehensive income (loss):</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ComprehensiveIncomeNetOfTaxAbstract" xlink:to="us-gaap_ComprehensiveIncomeNetOfTaxAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest" xlink:label="us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_lbl" xml:lang="en-US" id="id_5214848_1285143_1_1">Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_lbl" xml:lang="en-US" id="id_5214848_1285143_6_1">Comprehensive income (loss)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest" xlink:to="us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ComprehensiveIncomePolicyPolicyTextBlock" xlink:label="us-gaap_ComprehensiveIncomePolicyPolicyTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ComprehensiveIncomePolicyPolicyTextBlock_lbl" xml:lang="en-US" id="id_5214848_1270405_1_1">Comprehensive Income, Policy [Policy Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ComprehensiveIncomePolicyPolicyTextBlock_lbl" xml:lang="en-US" id="id_5214848_1270405_2_1">Accumulated Other Comprehensive Income (Loss)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ComprehensiveIncomePolicyPolicyTextBlock" xlink:to="us-gaap_ComprehensiveIncomePolicyPolicyTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ConcentrationRiskByTypeAxis" xlink:label="us-gaap_ConcentrationRiskByTypeAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ConcentrationRiskByTypeAxis_lbl" xml:lang="en-US" id="id_5214848_1272045_1_1">Concentration Risk Type [Axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ConcentrationRiskByTypeAxis_lbl" xml:lang="en-US" id="id_5214848_1272045_2_1">Concentration Risk Type [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConcentrationRiskByTypeAxis" xlink:to="us-gaap_ConcentrationRiskByTypeAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ConcentrationRiskPercentage1" xlink:label="us-gaap_ConcentrationRiskPercentage1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ConcentrationRiskPercentage1_lbl" xml:lang="en-US" id="id_5214848_1273765_1_1">Concentration Risk, Percentage</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ConcentrationRiskPercentage1_lbl" xml:lang="en-US" id="id_5214848_1273765_2_1">Net effective rent from 25 largest customers</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConcentrationRiskPercentage1" xlink:to="us-gaap_ConcentrationRiskPercentage1_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ConcentrationRiskTypeDomain" xlink:label="us-gaap_ConcentrationRiskTypeDomain"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ConcentrationRiskTypeDomain_lbl" xml:lang="en-US" id="id_5214848_1270418_1_1">Concentration Risk Type [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ConcentrationRiskTypeDomain_lbl" xml:lang="en-US" id="id_5214848_1270418_2_1">Concentration Risk Type [Domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConcentrationRiskTypeDomain" xlink:to="us-gaap_ConcentrationRiskTypeDomain_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ConsolidatedInvesteesMember" xlink:label="pld_ConsolidatedInvesteesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ConsolidatedInvesteesMember_lbl" xml:lang="en-US" id="id_5214848_1329331_3_1">Future principal payments that consolidated investee is responsible for.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ConsolidatedInvesteesMember_lbl" xml:lang="en-US" id="id_5214848_1329331_1_1">Consolidated Investees [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ConsolidatedInvesteesMember_lbl" xml:lang="en-US" id="id_5214848_1329331_2_1">Consolidated Entities [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ConsolidatedInvesteesMember" xlink:to="pld_ConsolidatedInvesteesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ConsolidationDeconsolidationOfSubsidiaries" xlink:label="pld_ConsolidationDeconsolidationOfSubsidiaries"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ConsolidationDeconsolidationOfSubsidiaries_lbl" xml:lang="en-US" id="id_5214848_1431847_3_1">Consolidation Deconsolidation Of Subsidiaries</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ConsolidationDeconsolidationOfSubsidiaries_lbl" xml:lang="en-US" id="id_5214848_1431847_1_1">Consolidation Deconsolidation Of Subsidiaries</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ConsolidationDeconsolidationOfSubsidiaries_lbl" xml:lang="en-US" id="id_5214848_1431847_2_1">Consolidation of Prologis North American Industrial Fund</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ConsolidationDeconsolidationOfSubsidiaries" xlink:to="pld_ConsolidationDeconsolidationOfSubsidiaries_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ConsolidationItemsAxis" xlink:label="us-gaap_ConsolidationItemsAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ConsolidationItemsAxis_lbl" xml:lang="en-US" id="id_5214848_1270436_1_1">Consolidation Items [Axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ConsolidationItemsAxis_lbl" xml:lang="en-US" id="id_5214848_1270436_2_1">Consolidation Items [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConsolidationItemsAxis" xlink:to="us-gaap_ConsolidationItemsAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ConsolidationItemsDomain" xlink:label="us-gaap_ConsolidationItemsDomain"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ConsolidationItemsDomain_lbl" xml:lang="en-US" id="id_5214848_1278682_1_1">Consolidation Items [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ConsolidationItemsDomain_lbl" xml:lang="en-US" id="id_5214848_1278682_2_1">Consolidation Items [Domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConsolidationItemsDomain" xlink:to="us-gaap_ConsolidationItemsDomain_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ConsolidationPercentageIfNotWhollyOwnedButControlled" xlink:label="pld_ConsolidationPercentageIfNotWhollyOwnedButControlled"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ConsolidationPercentageIfNotWhollyOwnedButControlled_lbl" xml:lang="en-US" id="id_5214848_1314913_3_1">Consolidation percentage if not wholly owned but controlled.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ConsolidationPercentageIfNotWhollyOwnedButControlled_lbl" xml:lang="en-US" id="id_5214848_1314913_1_1">Consolidation Percentage If Not Wholly Owned But Controlled</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ConsolidationPercentageIfNotWhollyOwnedButControlled_lbl" xml:lang="en-US" id="id_5214848_1314913_2_1">Consolidation percentage if not wholly owned but controlled</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ConsolidationPercentageIfNotWhollyOwnedButControlled" xlink:to="pld_ConsolidationPercentageIfNotWhollyOwnedButControlled_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ConsolidationPolicyTextBlock" xlink:label="us-gaap_ConsolidationPolicyTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ConsolidationPolicyTextBlock_lbl" xml:lang="en-US" id="id_5214848_1277051_1_1">Consolidation, Policy [Policy Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ConsolidationPolicyTextBlock_lbl" xml:lang="en-US" id="id_5214848_1277051_2_1">Basis of Presentation and Consolidation</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConsolidationPolicyTextBlock" xlink:to="us-gaap_ConsolidationPolicyTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ConsulateDistributionCenterMember" xlink:label="pld_ConsulateDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ConsulateDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1467618_3_1">Consulate distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ConsulateDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1467618_1_1">Consulate Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ConsulateDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1467618_2_1">Consulate Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ConsulateDistributionCenterMember" xlink:to="pld_ConsulateDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ContributionsToJointVenture" xlink:label="pld_ContributionsToJointVenture"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ContributionsToJointVenture_lbl" xml:lang="en-US" id="id_5214848_1508162_3_1">Contributions To Joint Venture</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ContributionsToJointVenture_lbl" xml:lang="en-US" id="id_5214848_1508162_1_1">Contributions To Joint Venture</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ContributionsToJointVenture_lbl" xml:lang="en-US" id="id_5214848_1508162_2_1">Formation of Prologis U.S. Logistics Venture</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ContributionsToJointVenture" xlink:to="pld_ContributionsToJointVenture_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ContributionsToUnconsolidatedCoInvestmentVenturesMember" xlink:label="pld_ContributionsToUnconsolidatedCoInvestmentVenturesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ContributionsToUnconsolidatedCoInvestmentVenturesMember_lbl" xml:lang="en-US" id="id_5214848_1576117_3_1">Contributions To Unconsolidated Co Investment Ventures [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ContributionsToUnconsolidatedCoInvestmentVenturesMember_lbl" xml:lang="en-US" id="id_5214848_1576117_1_1">Contributions To Unconsolidated Co Investment Ventures [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ContributionsToUnconsolidatedCoInvestmentVenturesMember_lbl" xml:lang="en-US" id="id_5214848_1576117_2_1">Contributions to Unconsolidated Co-investment Ventures [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ContributionsToUnconsolidatedCoInvestmentVenturesMember" xlink:to="pld_ContributionsToUnconsolidatedCoInvestmentVenturesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ConvertibleDebtMember" xlink:label="us-gaap_ConvertibleDebtMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ConvertibleDebtMember_lbl" xml:lang="en-US" id="id_5214848_1270463_1_1">Convertible Debt [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ConvertibleDebtMember_lbl" xml:lang="en-US" id="id_5214848_1270463_2_1">Exchangeable Senior Notes [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConvertibleDebtMember" xlink:to="us-gaap_ConvertibleDebtMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_CopansDistributionCenterMember" xlink:label="pld_CopansDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_CopansDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1430158_3_1">Copans distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_CopansDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1430158_1_1">Copans Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_CopansDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1430158_2_1">Copans Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_CopansDistributionCenterMember" xlink:to="pld_CopansDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_CorcordeIndustrialCenterMember" xlink:label="pld_CorcordeIndustrialCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_CorcordeIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1347308_3_1">Corcorde industrial center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_CorcordeIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1347308_1_1">Corcorde Industrial Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_CorcordeIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1347308_2_1">Corcorde Industrial Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_CorcordeIndustrialCenterMember" xlink:to="pld_CorcordeIndustrialCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_CorporateParkWestMember" xlink:label="pld_CorporateParkWestMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_CorporateParkWestMember_lbl" xml:lang="en-US" id="id_5214848_1478517_3_1">Corporate park west.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_CorporateParkWestMember_lbl" xml:lang="en-US" id="id_5214848_1478517_1_1">Corporate Park West [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_CorporateParkWestMember_lbl" xml:lang="en-US" id="id_5214848_1478517_2_1">Corporate Park West [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_CorporateParkWestMember" xlink:to="pld_CorporateParkWestMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_CorridorIndustrialMember" xlink:label="pld_CorridorIndustrialMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_CorridorIndustrialMember_lbl" xml:lang="en-US" id="id_5214848_1425335_3_1">Corridor Industrial [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_CorridorIndustrialMember_lbl" xml:lang="en-US" id="id_5214848_1425335_1_1">Corridor Industrial [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_CorridorIndustrialMember_lbl" xml:lang="en-US" id="id_5214848_1425335_2_1">Corridor Industrial [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_CorridorIndustrialMember" xlink:to="pld_CorridorIndustrialMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_CorridorParkCorporateCenterMember" xlink:label="pld_CorridorParkCorporateCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_CorridorParkCorporateCenterMember_lbl" xml:lang="en-US" id="id_5214848_1609641_3_1">Corridor Park Corporate Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_CorridorParkCorporateCenterMember_lbl" xml:lang="en-US" id="id_5214848_1609641_1_1">Corridor Park Corporate Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_CorridorParkCorporateCenterMember_lbl" xml:lang="en-US" id="id_5214848_1609641_2_1">Corridor Park Corporate Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_CorridorParkCorporateCenterMember" xlink:to="pld_CorridorParkCorporateCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_CostOfPropertiesSecuringConsolidatedInvesteesMortgageDebt" xlink:label="pld_CostOfPropertiesSecuringConsolidatedInvesteesMortgageDebt"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_CostOfPropertiesSecuringConsolidatedInvesteesMortgageDebt_lbl" xml:lang="en-US" id="id_5214848_1445889_3_1">Cost Of Properties Securing Consolidated Investees Mortgage Debt.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_CostOfPropertiesSecuringConsolidatedInvesteesMortgageDebt_lbl" xml:lang="en-US" id="id_5214848_1445889_1_1">Cost Of Properties Securing Consolidated Investees Mortgage Debt</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_CostOfPropertiesSecuringConsolidatedInvesteesMortgageDebt_lbl" xml:lang="en-US" id="id_5214848_1445889_2_1">Cost of properties securing mortgage debt</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_CostOfPropertiesSecuringConsolidatedInvesteesMortgageDebt" xlink:to="pld_CostOfPropertiesSecuringConsolidatedInvesteesMortgageDebt_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_CostOfPropertiesSecuringMortgageDebt" xlink:label="pld_CostOfPropertiesSecuringMortgageDebt"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_CostOfPropertiesSecuringMortgageDebt_lbl" xml:lang="en-US" id="id_5214848_1328904_3_1">Cost of properties securing mortgage debt.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_CostOfPropertiesSecuringMortgageDebt_lbl" xml:lang="en-US" id="id_5214848_1328904_1_1">Cost Of Properties Securing Mortgage Debt</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_CostOfPropertiesSecuringMortgageDebt_lbl" xml:lang="en-US" id="id_5214848_1328904_2_1">Cost of properties securing mortgage debt</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_CostOfPropertiesSecuringMortgageDebt" xlink:to="pld_CostOfPropertiesSecuringMortgageDebt_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_CostOfRaisingCapitalPolicyTextBlock" xlink:label="pld_CostOfRaisingCapitalPolicyTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_CostOfRaisingCapitalPolicyTextBlock_lbl" xml:lang="en-US" id="id_5214848_1563759_3_1">Cost Of Raising Capital Policy [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_CostOfRaisingCapitalPolicyTextBlock_lbl" xml:lang="en-US" id="id_5214848_1563759_1_1">Cost Of Raising Capital Policy [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_CostOfRaisingCapitalPolicyTextBlock_lbl" xml:lang="en-US" id="id_5214848_1563759_2_1">Costs of Raising Capital</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_CostOfRaisingCapitalPolicyTextBlock" xlink:to="pld_CostOfRaisingCapitalPolicyTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_CountOfPropertiesSecuringConsolidatedInvesteesMortgageDebt" xlink:label="pld_CountOfPropertiesSecuringConsolidatedInvesteesMortgageDebt"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_CountOfPropertiesSecuringConsolidatedInvesteesMortgageDebt_lbl" xml:lang="en-US" id="id_5214848_1422095_3_1">Count of properties securing consolidated investees mortgage debt.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_CountOfPropertiesSecuringConsolidatedInvesteesMortgageDebt_lbl" xml:lang="en-US" id="id_5214848_1422095_1_1">Count Of Properties Securing Consolidated Investees Mortgage Debt</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_CountOfPropertiesSecuringConsolidatedInvesteesMortgageDebt_lbl" xml:lang="en-US" id="id_5214848_1422095_2_1">Count of properties securing mortgage debt</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_CountOfPropertiesSecuringConsolidatedInvesteesMortgageDebt" xlink:to="pld_CountOfPropertiesSecuringConsolidatedInvesteesMortgageDebt_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_CountOfPropertiesSecuringMortgageDebt" xlink:label="pld_CountOfPropertiesSecuringMortgageDebt"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_CountOfPropertiesSecuringMortgageDebt_lbl" xml:lang="en-US" id="id_5214848_1477840_3_1">Count of properties securing mortgage debt.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_CountOfPropertiesSecuringMortgageDebt_lbl" xml:lang="en-US" id="id_5214848_1477840_1_1">Count Of Properties Securing Mortgage Debt</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_CountOfPropertiesSecuringMortgageDebt_lbl" xml:lang="en-US" id="id_5214848_1477840_2_1">Count of properties securing mortgage debt</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_CountOfPropertiesSecuringMortgageDebt" xlink:to="pld_CountOfPropertiesSecuringMortgageDebt_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_CranburyBusParkMember" xlink:label="pld_CranburyBusParkMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_CranburyBusParkMember_lbl" xml:lang="en-US" id="id_5214848_1358050_3_1">Cranbury Bus Park [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_CranburyBusParkMember_lbl" xml:lang="en-US" id="id_5214848_1358050_1_1">Cranbury Bus Park [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_CranburyBusParkMember_lbl" xml:lang="en-US" id="id_5214848_1358050_2_1">Cranbury Bus Park [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_CranburyBusParkMember" xlink:to="pld_CranburyBusParkMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CreditFacilityAxis" xlink:label="us-gaap_CreditFacilityAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CreditFacilityAxis_lbl" xml:lang="en-US" id="id_5214848_1275460_1_1">Credit Facility [Axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CreditFacilityAxis_lbl" xml:lang="en-US" id="id_5214848_1275460_2_1">Credit Facility [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CreditFacilityAxis" xlink:to="us-gaap_CreditFacilityAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CreditFacilityDomain" xlink:label="us-gaap_CreditFacilityDomain"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CreditFacilityDomain_lbl" xml:lang="en-US" id="id_5214848_1278703_1_1">Credit Facility [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CreditFacilityDomain_lbl" xml:lang="en-US" id="id_5214848_1278703_2_1">Credit Facility [Domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CreditFacilityDomain" xlink:to="us-gaap_CreditFacilityDomain_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_CrossAccelerationIncludedInDefaults" xlink:label="pld_CrossAccelerationIncludedInDefaults"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_CrossAccelerationIncludedInDefaults_lbl" xml:lang="en-US" id="id_5214848_1449184_3_1">Cross acceleration included in defaults.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_CrossAccelerationIncludedInDefaults_lbl" xml:lang="en-US" id="id_5214848_1449184_1_1">Cross Acceleration Included In Defaults</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_CrossAccelerationIncludedInDefaults_lbl" xml:lang="en-US" id="id_5214848_1449184_2_1">Cross acceleration to other recourse indebtedness</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_CrossAccelerationIncludedInDefaults" xlink:to="pld_CrossAccelerationIncludedInDefaults_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_CrossroadsBusinessParkMember" xlink:label="pld_CrossroadsBusinessParkMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_CrossroadsBusinessParkMember_lbl" xml:lang="en-US" id="id_5214848_1520564_3_1">Crossroads business park.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_CrossroadsBusinessParkMember_lbl" xml:lang="en-US" id="id_5214848_1520564_1_1">Crossroads Business Park [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_CrossroadsBusinessParkMember_lbl" xml:lang="en-US" id="id_5214848_1520564_2_1">Crossroads Business Park [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_CrossroadsBusinessParkMember" xlink:to="pld_CrossroadsBusinessParkMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_CrossroadsCorporateCenterMember" xlink:label="pld_CrossroadsCorporateCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_CrossroadsCorporateCenterMember_lbl" xml:lang="en-US" id="id_5214848_1400628_3_1">Crossroads Corporate Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_CrossroadsCorporateCenterMember_lbl" xml:lang="en-US" id="id_5214848_1400628_1_1">Crossroads Corporate Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_CrossroadsCorporateCenterMember_lbl" xml:lang="en-US" id="id_5214848_1400628_2_1">Crossroads Corp Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_CrossroadsCorporateCenterMember" xlink:to="pld_CrossroadsCorporateCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_CrosstimbersDistributionCenterMember" xlink:label="pld_CrosstimbersDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_CrosstimbersDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1494773_3_1">Crosstimbers distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_CrosstimbersDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1494773_1_1">Crosstimbers Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_CrosstimbersDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1494773_2_1">Crosstimbers Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_CrosstimbersDistributionCenterMember" xlink:to="pld_CrosstimbersDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_CrosswindsDistributionCenterMember" xlink:label="pld_CrosswindsDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_CrosswindsDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1609719_3_1">Crosswinds Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_CrosswindsDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1609719_1_1">Crosswinds Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_CrosswindsDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1609719_2_1">Crosswinds Dist Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_CrosswindsDistributionCenterMember" xlink:to="pld_CrosswindsDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_CrysenIndustrialMember" xlink:label="pld_CrysenIndustrialMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_CrysenIndustrialMember_lbl" xml:lang="en-US" id="id_5214848_1393850_3_1">Crysen Industrial [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_CrysenIndustrialMember_lbl" xml:lang="en-US" id="id_5214848_1393850_1_1">Crysen Industrial [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_CrysenIndustrialMember_lbl" xml:lang="en-US" id="id_5214848_1393850_2_1">Crysen Industrial [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_CrysenIndustrialMember" xlink:to="pld_CrysenIndustrialMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CurrencyAxis" xlink:label="us-gaap_CurrencyAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CurrencyAxis_lbl" xml:lang="en-US" id="id_5214848_1270453_1_1">Currency [Axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CurrencyAxis_lbl" xml:lang="en-US" id="id_5214848_1270453_2_1">Currency [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CurrencyAxis" xlink:to="us-gaap_CurrencyAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_CurrencyEuroAndUnitedStatesDollarMember" xlink:label="pld_CurrencyEuroAndUnitedStatesDollarMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_CurrencyEuroAndUnitedStatesDollarMember_lbl" xml:lang="en-US" id="id_5214848_1330345_3_1">Currency Euro and United States Dollar [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_CurrencyEuroAndUnitedStatesDollarMember_lbl" xml:lang="en-US" id="id_5214848_1330345_1_1">Currency Euro and United States Dollar [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_CurrencyEuroAndUnitedStatesDollarMember_lbl" xml:lang="en-US" id="id_5214848_1330345_2_1">U.S. Dollars to Euro [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_CurrencyEuroAndUnitedStatesDollarMember" xlink:to="pld_CurrencyEuroAndUnitedStatesDollarMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CurrentFederalTaxExpenseBenefit" xlink:label="us-gaap_CurrentFederalTaxExpenseBenefit"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CurrentFederalTaxExpenseBenefit_lbl" xml:lang="en-US" id="id_5214848_1286842_1_1">Current Federal Tax Expense (Benefit)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CurrentFederalTaxExpenseBenefit_lbl" xml:lang="en-US" id="id_5214848_1286842_2_1">United States federal</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CurrentFederalTaxExpenseBenefit" xlink:to="us-gaap_CurrentFederalTaxExpenseBenefit_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_CurrentFiscalYearEndDate" xlink:label="dei_CurrentFiscalYearEndDate"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_CurrentFiscalYearEndDate_lbl" xml:lang="en-US" id="id_5214848_1276508_1_1">Current Fiscal Year End Date</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_CurrentFiscalYearEndDate_lbl" xml:lang="en-US" id="id_5214848_1276508_2_1">Current Fiscal Year End Date</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CurrentFiscalYearEndDate" xlink:to="dei_CurrentFiscalYearEndDate_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CurrentForeignTaxExpenseBenefit" xlink:label="us-gaap_CurrentForeignTaxExpenseBenefit"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CurrentForeignTaxExpenseBenefit_lbl" xml:lang="en-US" id="id_5214848_1287873_1_1">Current Foreign Tax Expense (Benefit)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CurrentForeignTaxExpenseBenefit_lbl" xml:lang="en-US" id="id_5214848_1287873_2_1">International</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CurrentForeignTaxExpenseBenefit" xlink:to="us-gaap_CurrentForeignTaxExpenseBenefit_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CurrentIncomeTaxExpenseBenefit" xlink:label="us-gaap_CurrentIncomeTaxExpenseBenefit"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CurrentIncomeTaxExpenseBenefit_lbl" xml:lang="en-US" id="id_5214848_1287874_1_1">Current Income Tax Expense (Benefit)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CurrentIncomeTaxExpenseBenefit_lbl" xml:lang="en-US" id="id_5214848_1287874_2_1">Current income tax expense</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CurrentIncomeTaxExpenseBenefit" xlink:to="us-gaap_CurrentIncomeTaxExpenseBenefit_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CurrentIncomeTaxExpenseBenefitContinuingOperationsAbstract" xlink:label="us-gaap_CurrentIncomeTaxExpenseBenefitContinuingOperationsAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CurrentIncomeTaxExpenseBenefitContinuingOperationsAbstract_lbl" xml:lang="en-US" id="id_5214848_1272082_1_1">Current Income Tax Expense (Benefit), Continuing Operations [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CurrentIncomeTaxExpenseBenefitContinuingOperationsAbstract_lbl" xml:lang="en-US" id="id_5214848_1272082_2_1">Current income tax expense (benefit):</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CurrentIncomeTaxExpenseBenefitContinuingOperationsAbstract" xlink:to="us-gaap_CurrentIncomeTaxExpenseBenefitContinuingOperationsAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_CurrentIncomeTaxExpenseIncludingDiscontinuedOperations" xlink:label="pld_CurrentIncomeTaxExpenseIncludingDiscontinuedOperations"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_CurrentIncomeTaxExpenseIncludingDiscontinuedOperations_lbl" xml:lang="en-US" id="id_5214848_1309400_3_1">Current income tax expense including discontinued operations</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_CurrentIncomeTaxExpenseIncludingDiscontinuedOperations_lbl" xml:lang="en-US" id="id_5214848_1309400_1_1">Current Income Tax Expense Including Discontinued Operations</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="pld_CurrentIncomeTaxExpenseIncludingDiscontinuedOperations_lbl" xml:lang="en-US" id="id_5214848_1309400_6_1">Total current tax expense</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_CurrentIncomeTaxExpenseIncludingDiscontinuedOperations" xlink:to="pld_CurrentIncomeTaxExpenseIncludingDiscontinuedOperations_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CurrentStateAndLocalTaxExpenseBenefit" xlink:label="us-gaap_CurrentStateAndLocalTaxExpenseBenefit"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CurrentStateAndLocalTaxExpenseBenefit_lbl" xml:lang="en-US" id="id_5214848_1287373_1_1">Current State and Local Tax Expense (Benefit)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CurrentStateAndLocalTaxExpenseBenefit_lbl" xml:lang="en-US" id="id_5214848_1287373_2_1">State and local</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CurrentStateAndLocalTaxExpenseBenefit" xlink:to="us-gaap_CurrentStateAndLocalTaxExpenseBenefit_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_CypressMember" xlink:label="pld_CypressMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_CypressMember_lbl" xml:lang="en-US" id="id_5214848_1460384_3_1">Cypress [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_CypressMember_lbl" xml:lang="en-US" id="id_5214848_1460384_1_1">Cypress [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_CypressMember_lbl" xml:lang="en-US" id="id_5214848_1460384_2_1">Cypress [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_CypressMember" xlink:to="pld_CypressMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/country/2013/country-2013-01-31.xsd#country_CZ" xlink:label="country_CZ"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_CZ_lbl" xml:lang="en-US" id="id_5214848_1274860_1_1">CZECH REPUBLIC</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="country_CZ_lbl" xml:lang="en-US" id="id_5214848_1274860_2_1">Czech Republic [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_CZ" xlink:to="country_CZ_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_DadoDistributionMember" xlink:label="pld_DadoDistributionMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_DadoDistributionMember_lbl" xml:lang="en-US" id="id_5214848_1467044_3_1">Dado Distribution [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_DadoDistributionMember_lbl" xml:lang="en-US" id="id_5214848_1467044_1_1">Dado Distribution [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_DadoDistributionMember_lbl" xml:lang="en-US" id="id_5214848_1467044_2_1">Dado Distribution [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_DadoDistributionMember" xlink:to="pld_DadoDistributionMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_DalianIndParkDcMember" xlink:label="pld_DalianIndParkDcMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_DalianIndParkDcMember_lbl" xml:lang="en-US" id="id_5214848_1472523_3_1">Dalian Ind. Park Dc.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_DalianIndParkDcMember_lbl" xml:lang="en-US" id="id_5214848_1472523_1_1">Dalian Ind Park Dc [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_DalianIndParkDcMember_lbl" xml:lang="en-US" id="id_5214848_1472523_2_1">Dalian Ind. Park Dc [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_DalianIndParkDcMember" xlink:to="pld_DalianIndParkDcMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_DallasCorporateCenterMember" xlink:label="pld_DallasCorporateCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_DallasCorporateCenterMember_lbl" xml:lang="en-US" id="id_5214848_1367818_3_1">Dallas corporate center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_DallasCorporateCenterMember_lbl" xml:lang="en-US" id="id_5214848_1367818_1_1">Dallas Corporate Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_DallasCorporateCenterMember_lbl" xml:lang="en-US" id="id_5214848_1367818_2_1">Dallas Corporate Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_DallasCorporateCenterMember" xlink:to="pld_DallasCorporateCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_DallasCorporateCenterNorthDistributionCenterMember" xlink:label="pld_DallasCorporateCenterNorthDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_DallasCorporateCenterNorthDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1610289_3_1">Dallas Corporate Center North Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_DallasCorporateCenterNorthDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1610289_1_1">Dallas Corporate Center North Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_DallasCorporateCenterNorthDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1610289_2_1">Dallas Corporate Center North Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_DallasCorporateCenterNorthDistributionCenterMember" xlink:to="pld_DallasCorporateCenterNorthDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_DallasFortWorthTexasMember" xlink:label="pld_DallasFortWorthTexasMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_DallasFortWorthTexasMember_lbl" xml:lang="en-US" id="id_5214848_1392412_3_1">Dallas, fort worth, Texas.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_DallasFortWorthTexasMember_lbl" xml:lang="en-US" id="id_5214848_1392412_1_1">Dallas Fort Worth Texas [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_DallasFortWorthTexasMember_lbl" xml:lang="en-US" id="id_5214848_1392412_2_1">Dallas/Fort Worth, Texas [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_DallasFortWorthTexasMember" xlink:to="pld_DallasFortWorthTexasMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_DallasIndustrialMember" xlink:label="pld_DallasIndustrialMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_DallasIndustrialMember_lbl" xml:lang="en-US" id="id_5214848_1447262_3_1">Dallas Industrial [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_DallasIndustrialMember_lbl" xml:lang="en-US" id="id_5214848_1447262_1_1">Dallas Industrial [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_DallasIndustrialMember_lbl" xml:lang="en-US" id="id_5214848_1447262_2_1">Dallas Industrial [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_DallasIndustrialMember" xlink:to="pld_DallasIndustrialMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_DamonteRanchDistributionCenterMember" xlink:label="pld_DamonteRanchDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_DamonteRanchDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1304931_3_1">Damonte Ranch Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_DamonteRanchDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1304931_1_1">Damonte Ranch Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_DamonteRanchDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1304931_2_1">Damonte Ranch Dist Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_DamonteRanchDistributionCenterMember" xlink:to="pld_DamonteRanchDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_DavenportDistributionCenterMember" xlink:label="pld_DavenportDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_DavenportDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1317110_3_1">Davenport Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_DavenportDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1317110_1_1">Davenport Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_DavenportDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1317110_2_1">Davenport Dist Ctr [[Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_DavenportDistributionCenterMember" xlink:to="pld_DavenportDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_DayCargoCenterMember" xlink:label="pld_DayCargoCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_DayCargoCenterMember_lbl" xml:lang="en-US" id="id_5214848_1322860_3_1">DAY Cargo Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_DayCargoCenterMember_lbl" xml:lang="en-US" id="id_5214848_1322860_1_1">DAY Cargo Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_DayCargoCenterMember_lbl" xml:lang="en-US" id="id_5214848_1322860_2_1">DAY Cargo Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_DayCargoCenterMember" xlink:to="pld_DayCargoCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/country/2013/country-2013-01-31.xsd#country_DE" xlink:label="country_DE"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_DE_lbl" xml:lang="en-US" id="id_5214848_1278083_1_1">GERMANY</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="country_DE_lbl" xml:lang="en-US" id="id_5214848_1278083_2_1">Germany [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_DE" xlink:to="country_DE_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtAndCapitalLeaseObligations" xlink:label="us-gaap_DebtAndCapitalLeaseObligations"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtAndCapitalLeaseObligations_lbl" xml:lang="en-US" id="id_5214848_1285131_1_1">Debt and Capital Lease Obligations</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DebtAndCapitalLeaseObligations_lbl" xml:lang="en-US" id="id_5214848_1285131_2_1">Carrying Value of Debt</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_DebtAndCapitalLeaseObligations_lbl" xml:lang="en-US" id="id_5214848_1285131_12_1">Debt</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtAndCapitalLeaseObligations" xlink:to="us-gaap_DebtAndCapitalLeaseObligations_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtDisclosureAbstract" xlink:label="us-gaap_DebtDisclosureAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtDisclosureAbstract_lbl" xml:lang="en-US" id="id_5214848_1278728_1_1">Debt Disclosure [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DebtDisclosureAbstract_lbl" xml:lang="en-US" id="id_5214848_1278728_2_1">Debt Disclosure [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtDisclosureAbstract" xlink:to="us-gaap_DebtDisclosureAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtDisclosureTextBlock" xlink:label="us-gaap_DebtDisclosureTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtDisclosureTextBlock_lbl" xml:lang="en-US" id="id_5214848_1268864_1_1">Debt Disclosure [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DebtDisclosureTextBlock_lbl" xml:lang="en-US" id="id_5214848_1268864_2_1">Debt</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtDisclosureTextBlock" xlink:to="us-gaap_DebtDisclosureTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_DebtForNoncontrollingInterest" xlink:label="pld_DebtForNoncontrollingInterest"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_DebtForNoncontrollingInterest_lbl" xml:lang="en-US" id="id_5214848_1400713_3_1">Debt for noncontrolling interest in the Operating Partnership in the REIT.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_DebtForNoncontrollingInterest_lbl" xml:lang="en-US" id="id_5214848_1400713_1_1">Debt For Noncontrolling Interest</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_DebtForNoncontrollingInterest_lbl" xml:lang="en-US" id="id_5214848_1400713_2_1">Debt for Noncontrolling Interest</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_DebtForNoncontrollingInterest" xlink:to="pld_DebtForNoncontrollingInterest_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_DebtForNoncontrollingInterestLimitedPartnerships" xlink:label="pld_DebtForNoncontrollingInterestLimitedPartnerships"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_DebtForNoncontrollingInterestLimitedPartnerships_lbl" xml:lang="en-US" id="id_5214848_1523083_3_1">Debt for noncontrolling interest limited partnerships.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_DebtForNoncontrollingInterestLimitedPartnerships_lbl" xml:lang="en-US" id="id_5214848_1523083_1_1">Debt For Noncontrolling Interest Limited Partnerships</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_DebtForNoncontrollingInterestLimitedPartnerships_lbl" xml:lang="en-US" id="id_5214848_1523083_2_1">Debt for Noncontrolling Interest, Limited Partnerships</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_DebtForNoncontrollingInterestLimitedPartnerships" xlink:to="pld_DebtForNoncontrollingInterestLimitedPartnerships_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentAxis" xlink:label="us-gaap_DebtInstrumentAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtInstrumentAxis_lbl" xml:lang="en-US" id="id_5214848_1280323_1_1">Debt Instrument [Axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DebtInstrumentAxis_lbl" xml:lang="en-US" id="id_5214848_1280323_2_1">Debt Instrument [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentAxis" xlink:to="us-gaap_DebtInstrumentAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentBasisSpreadOnVariableRate1" xlink:label="us-gaap_DebtInstrumentBasisSpreadOnVariableRate1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_lbl" xml:lang="en-US" id="id_5214848_1272083_1_1">Debt Instrument, Basis Spread on Variable Rate</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_lbl" xml:lang="en-US" id="id_5214848_1272083_2_1">Debt instrument basis spread</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentBasisSpreadOnVariableRate1" xlink:to="us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_DebtInstrumentConvertibleBasePrincipalAmountForConversionRate" xlink:label="pld_DebtInstrumentConvertibleBasePrincipalAmountForConversionRate"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_DebtInstrumentConvertibleBasePrincipalAmountForConversionRate_lbl" xml:lang="en-US" id="id_5214848_1333826_3_1">The base principal amount exchanged when the conversion rate is applied to a debt instrument.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_DebtInstrumentConvertibleBasePrincipalAmountForConversionRate_lbl" xml:lang="en-US" id="id_5214848_1333826_1_1">Debt Instrument Convertible Base Principal Amount For Conversion Rate</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_DebtInstrumentConvertibleBasePrincipalAmountForConversionRate_lbl" xml:lang="en-US" id="id_5214848_1333826_2_1">Base principal amount per note</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_DebtInstrumentConvertibleBasePrincipalAmountForConversionRate" xlink:to="pld_DebtInstrumentConvertibleBasePrincipalAmountForConversionRate_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentConvertibleConversionPrice1" xlink:label="us-gaap_DebtInstrumentConvertibleConversionPrice1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtInstrumentConvertibleConversionPrice1_lbl" xml:lang="en-US" id="id_5214848_1273807_1_1">Debt Instrument, Convertible, Conversion Price</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DebtInstrumentConvertibleConversionPrice1_lbl" xml:lang="en-US" id="id_5214848_1273807_2_1">Conversion price of exchangeable notes</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentConvertibleConversionPrice1" xlink:to="us-gaap_DebtInstrumentConvertibleConversionPrice1_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentConvertibleConversionRatio1" xlink:label="us-gaap_DebtInstrumentConvertibleConversionRatio1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtInstrumentConvertibleConversionRatio1_lbl" xml:lang="en-US" id="id_5214848_1280324_1_1">Debt Instrument, Convertible, Conversion Ratio</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DebtInstrumentConvertibleConversionRatio1_lbl" xml:lang="en-US" id="id_5214848_1280324_2_1">Conversion rate of notes to shares of common stock</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentConvertibleConversionRatio1" xlink:to="us-gaap_DebtInstrumentConvertibleConversionRatio1_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_DebtInstrumentConvertibleNumberOfShares" xlink:label="pld_DebtInstrumentConvertibleNumberOfShares"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_DebtInstrumentConvertibleNumberOfShares_lbl" xml:lang="en-US" id="id_5214848_1414947_3_1">Debt Instrument Convertible Number Of Shares</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_DebtInstrumentConvertibleNumberOfShares_lbl" xml:lang="en-US" id="id_5214848_1414947_1_1">Debt Instrument Convertible Number Of Shares</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_DebtInstrumentConvertibleNumberOfShares_lbl" xml:lang="en-US" id="id_5214848_1414947_2_1">Number of share issued on debt conversion</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_DebtInstrumentConvertibleNumberOfShares" xlink:to="pld_DebtInstrumentConvertibleNumberOfShares_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_DebtInstrumentExtendedMaturityDate" xlink:label="pld_DebtInstrumentExtendedMaturityDate"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_DebtInstrumentExtendedMaturityDate_lbl" xml:lang="en-US" id="id_5214848_1381702_3_1">Debt Instrument Extended Maturity Date</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_DebtInstrumentExtendedMaturityDate_lbl" xml:lang="en-US" id="id_5214848_1381702_1_1">Debt Instrument Extended Maturity Date</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_DebtInstrumentExtendedMaturityDate_lbl" xml:lang="en-US" id="id_5214848_1381702_2_1">Global Facility extended maturity date</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_DebtInstrumentExtendedMaturityDate" xlink:to="pld_DebtInstrumentExtendedMaturityDate_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentFaceAmount" xlink:label="us-gaap_DebtInstrumentFaceAmount"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtInstrumentFaceAmount_lbl" xml:lang="en-US" id="id_5214848_1283336_1_1">Debt Instrument, Face Amount</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DebtInstrumentFaceAmount_lbl" xml:lang="en-US" id="id_5214848_1283336_2_1">Debt issued</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_DebtInstrumentFaceAmount_lbl" xml:lang="en-US" id="id_5214848_1283336_6_1">Subtotal</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_DebtInstrumentFaceAmount_lbl" xml:lang="en-US" id="id_5214848_1283336_12_1">Principal Amount</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentFaceAmount" xlink:to="us-gaap_DebtInstrumentFaceAmount_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentFairValue" xlink:label="us-gaap_DebtInstrumentFairValue"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtInstrumentFairValue_lbl" xml:lang="en-US" id="id_5214848_1283787_1_1">Debt Instrument, Fair Value Disclosure</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DebtInstrumentFairValue_lbl" xml:lang="en-US" id="id_5214848_1283787_2_1">Fair Value of Debt</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentFairValue" xlink:to="us-gaap_DebtInstrumentFairValue_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_DebtInstrumentFairValueCarryingValueAbstract" xlink:label="pld_DebtInstrumentFairValueCarryingValueAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_DebtInstrumentFairValueCarryingValueAbstract_lbl" xml:lang="en-US" id="id_5214848_1456385_3_1">Debt Instrument Fair Value Carrying Value [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_DebtInstrumentFairValueCarryingValueAbstract_lbl" xml:lang="en-US" id="id_5214848_1456385_1_1">Debt Instrument Fair Value Carrying Value [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_DebtInstrumentFairValueCarryingValueAbstract_lbl" xml:lang="en-US" id="id_5214848_1456385_2_1">Debt Instrument Fair Value Carrying Value [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_DebtInstrumentFairValueCarryingValueAbstract" xlink:to="pld_DebtInstrumentFairValueCarryingValueAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentFeeAmount" xlink:label="us-gaap_DebtInstrumentFeeAmount"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtInstrumentFeeAmount_lbl" xml:lang="en-US" id="id_5214848_1285313_1_1">Debt Instrument, Fee Amount</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DebtInstrumentFeeAmount_lbl" xml:lang="en-US" id="id_5214848_1285313_2_1">Loan fees</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentFeeAmount" xlink:to="us-gaap_DebtInstrumentFeeAmount_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentInterestRateDuringPeriod" xlink:label="us-gaap_DebtInstrumentInterestRateDuringPeriod"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtInstrumentInterestRateDuringPeriod_lbl" xml:lang="en-US" id="id_5214848_1272088_1_1">Debt Instrument, Interest Rate During Period</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DebtInstrumentInterestRateDuringPeriod_lbl" xml:lang="en-US" id="id_5214848_1272088_2_1">Weighted Average Interest Rate</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentInterestRateDuringPeriod" xlink:to="us-gaap_DebtInstrumentInterestRateDuringPeriod_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentInterestRateEffectivePercentage" xlink:label="us-gaap_DebtInstrumentInterestRateEffectivePercentage"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtInstrumentInterestRateEffectivePercentage_lbl" xml:lang="en-US" id="id_5214848_1278719_1_1">Debt Instrument, Interest Rate, Effective Percentage</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DebtInstrumentInterestRateEffectivePercentage_lbl" xml:lang="en-US" id="id_5214848_1278719_2_1">Effective Interest Rate</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentInterestRateEffectivePercentage" xlink:to="us-gaap_DebtInstrumentInterestRateEffectivePercentage_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentInterestRateStatedPercentage" xlink:label="us-gaap_DebtInstrumentInterestRateStatedPercentage"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtInstrumentInterestRateStatedPercentage_lbl" xml:lang="en-US" id="id_5214848_1270470_1_1">Debt Instrument, Interest Rate, Stated Percentage</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DebtInstrumentInterestRateStatedPercentage_lbl" xml:lang="en-US" id="id_5214848_1270470_2_1">Interest Rate</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentInterestRateStatedPercentage" xlink:to="us-gaap_DebtInstrumentInterestRateStatedPercentage_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="us-gaap_DebtInstrumentLineItems"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtInstrumentLineItems_lbl" xml:lang="en-US" id="id_5214848_1270473_1_1">Debt Instrument [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DebtInstrumentLineItems_lbl" xml:lang="en-US" id="id_5214848_1270473_2_1">Debt Instrument [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentLineItems" xlink:to="us-gaap_DebtInstrumentLineItems_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentMaturityDate" xlink:label="us-gaap_DebtInstrumentMaturityDate"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtInstrumentMaturityDate_lbl" xml:lang="en-US" id="id_5214848_1280316_1_1">Debt Instrument, Maturity Date</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DebtInstrumentMaturityDate_lbl" xml:lang="en-US" id="id_5214848_1280316_2_1">Debt Instrument maturity date</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentMaturityDate" xlink:to="us-gaap_DebtInstrumentMaturityDate_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_DebtInstrumentMaturityMonthAndYear" xlink:label="pld_DebtInstrumentMaturityMonthAndYear"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_DebtInstrumentMaturityMonthAndYear_lbl" xml:lang="en-US" id="id_5214848_1357069_3_1">Debt instrument maturity month and year.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_DebtInstrumentMaturityMonthAndYear_lbl" xml:lang="en-US" id="id_5214848_1357069_1_1">Debt Instrument Maturity Month And Year</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_DebtInstrumentMaturityMonthAndYear_lbl" xml:lang="en-US" id="id_5214848_1357069_2_1">Debt Instrument maturity date</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="pld_DebtInstrumentMaturityMonthAndYear_lbl" xml:lang="en-US" id="id_5214848_1357069_12_1">Maturity Date</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_DebtInstrumentMaturityMonthAndYear" xlink:to="pld_DebtInstrumentMaturityMonthAndYear_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentNameDomain" xlink:label="us-gaap_DebtInstrumentNameDomain"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtInstrumentNameDomain_lbl" xml:lang="en-US" id="id_5214848_1268871_1_1">Debt Instrument, Name [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DebtInstrumentNameDomain_lbl" xml:lang="en-US" id="id_5214848_1268871_2_1">Debt Instrument, Name [Domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentNameDomain" xlink:to="us-gaap_DebtInstrumentNameDomain_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentRepurchaseAmount" xlink:label="us-gaap_DebtInstrumentRepurchaseAmount"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtInstrumentRepurchaseAmount_lbl" xml:lang="en-US" id="id_5214848_1285314_1_1">Debt Instrument, Repurchase Amount</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DebtInstrumentRepurchaseAmount_lbl" xml:lang="en-US" id="id_5214848_1285314_2_1">Repurchase of debt</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentRepurchaseAmount" xlink:to="us-gaap_DebtInstrumentRepurchaseAmount_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentTable" xlink:label="us-gaap_DebtInstrumentTable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtInstrumentTable_lbl" xml:lang="en-US" id="id_5214848_1273820_1_1">Schedule of Long-term Debt Instruments [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DebtInstrumentTable_lbl" xml:lang="en-US" id="id_5214848_1273820_2_1">Schedule of Long-term Debt Instruments [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentTable" xlink:to="us-gaap_DebtInstrumentTable_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentUnamortizedDiscountPremiumNet" xlink:label="us-gaap_DebtInstrumentUnamortizedDiscountPremiumNet"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtInstrumentUnamortizedDiscountPremiumNet_lbl" xml:lang="en-US" id="id_5214848_1288907_1_1">Debt Instrument, Unamortized Discount (Premium), Net</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_DebtInstrumentUnamortizedDiscountPremiumNet_lbl" xml:lang="en-US" id="id_5214848_1288907_14_1">Unamortized (discounts) premiums, net</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentUnamortizedDiscountPremiumNet" xlink:to="us-gaap_DebtInstrumentUnamortizedDiscountPremiumNet_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_DebtLineItems" xlink:label="pld_DebtLineItems"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_DebtLineItems_lbl" xml:lang="en-US" id="id_5214848_1358904_3_1">Debt [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_DebtLineItems_lbl" xml:lang="en-US" id="id_5214848_1358904_1_1">Debt [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_DebtLineItems_lbl" xml:lang="en-US" id="id_5214848_1358904_2_1">Debt [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_DebtLineItems" xlink:to="pld_DebtLineItems_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtPolicyTextBlock" xlink:label="us-gaap_DebtPolicyTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtPolicyTextBlock_lbl" xml:lang="en-US" id="id_5214848_1280327_1_1">Debt, Policy [Policy Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DebtPolicyTextBlock_lbl" xml:lang="en-US" id="id_5214848_1280327_2_1">Exchangeable Debt</label>
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    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_DebtTable" xlink:label="pld_DebtTable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_DebtTable_lbl" xml:lang="en-US" id="id_5214848_1466893_3_1">Debt [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_DebtTable_lbl" xml:lang="en-US" id="id_5214848_1466893_1_1">Debt [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_DebtTable_lbl" xml:lang="en-US" id="id_5214848_1466893_2_1">Debt [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_DebtTable" xlink:to="pld_DebtTable_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_DecemberTwoThousandThirteenMember" xlink:label="pld_DecemberTwoThousandThirteenMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_DecemberTwoThousandThirteenMember_lbl" xml:lang="en-US" id="id_5214848_1613176_3_1">December Two Thousand Thirteen [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_DecemberTwoThousandThirteenMember_lbl" xml:lang="en-US" id="id_5214848_1613176_1_1">December Two Thousand Thirteen [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_DecemberTwoThousandThirteenMember_lbl" xml:lang="en-US" id="id_5214848_1613176_2_1">December 2013 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_DecemberTwoThousandThirteenMember" xlink:to="pld_DecemberTwoThousandThirteenMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract" xlink:label="us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract_lbl" xml:lang="en-US" id="id_5214848_1273828_1_1">Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract_lbl" xml:lang="en-US" id="id_5214848_1273828_2_1">Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract" xlink:to="us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredFederalIncomeTaxExpenseBenefit" xlink:label="us-gaap_DeferredFederalIncomeTaxExpenseBenefit"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredFederalIncomeTaxExpenseBenefit_lbl" xml:lang="en-US" id="id_5214848_1288921_1_1">Deferred Federal Income Tax Expense (Benefit)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DeferredFederalIncomeTaxExpenseBenefit_lbl" xml:lang="en-US" id="id_5214848_1288921_2_1">United States federal</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredFederalIncomeTaxExpenseBenefit" xlink:to="us-gaap_DeferredFederalIncomeTaxExpenseBenefit_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredForeignIncomeTaxExpenseBenefit" xlink:label="us-gaap_DeferredForeignIncomeTaxExpenseBenefit"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredForeignIncomeTaxExpenseBenefit_lbl" xml:lang="en-US" id="id_5214848_1286331_1_1">Deferred Foreign Income Tax Expense (Benefit)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DeferredForeignIncomeTaxExpenseBenefit_lbl" xml:lang="en-US" id="id_5214848_1286331_2_1">International</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredForeignIncomeTaxExpenseBenefit" xlink:to="us-gaap_DeferredForeignIncomeTaxExpenseBenefit_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_DeferredIncomeLiability" xlink:label="pld_DeferredIncomeLiability"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_DeferredIncomeLiability_lbl" xml:lang="en-US" id="id_5214848_1423832_3_1">Deferred income.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_DeferredIncomeLiability_lbl" xml:lang="en-US" id="id_5214848_1423832_1_1">Deferred Income Liability</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_DeferredIncomeLiability_lbl" xml:lang="en-US" id="id_5214848_1423832_2_1">Deferred income</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_DeferredIncomeLiability" xlink:to="pld_DeferredIncomeLiability_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredIncomeTaxesAndOtherAssetsNoncurrent" xlink:label="us-gaap_DeferredIncomeTaxesAndOtherAssetsNoncurrent"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredIncomeTaxesAndOtherAssetsNoncurrent_lbl" xml:lang="en-US" id="id_5214848_1287886_1_1">Deferred Income Taxes and Other Assets, Noncurrent</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DeferredIncomeTaxesAndOtherAssetsNoncurrent_lbl" xml:lang="en-US" id="id_5214848_1287886_2_1">Deferred income taxes</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredIncomeTaxesAndOtherAssetsNoncurrent" xlink:to="us-gaap_DeferredIncomeTaxesAndOtherAssetsNoncurrent_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredIncomeTaxesAndTaxCredits" xlink:label="us-gaap_DeferredIncomeTaxesAndTaxCredits"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredIncomeTaxesAndTaxCredits_lbl" xml:lang="en-US" id="id_5214848_1287887_1_1">Deferred Income Taxes and Tax Credits</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DeferredIncomeTaxesAndTaxCredits_lbl" xml:lang="en-US" id="id_5214848_1287887_2_1">Deferred income tax benefit</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredIncomeTaxesAndTaxCredits" xlink:to="us-gaap_DeferredIncomeTaxesAndTaxCredits_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_DeferredIncomeTaxesNetOperatingLoss" xlink:label="pld_DeferredIncomeTaxesNetOperatingLoss"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_DeferredIncomeTaxesNetOperatingLoss_lbl" xml:lang="en-US" id="id_5214848_1346185_3_1">Deferred Income Taxes Net Operating Loss</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_DeferredIncomeTaxesNetOperatingLoss_lbl" xml:lang="en-US" id="id_5214848_1346185_1_1">Deferred Income Taxes Net Operating Loss</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_DeferredIncomeTaxesNetOperatingLoss_lbl" xml:lang="en-US" id="id_5214848_1346185_2_1">Net deferred tax asset-NOL carryforward</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_DeferredIncomeTaxesNetOperatingLoss" xlink:to="pld_DeferredIncomeTaxesNetOperatingLoss_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredIncomeTaxExpenseBenefit" xlink:label="us-gaap_DeferredIncomeTaxExpenseBenefit"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredIncomeTaxExpenseBenefit_lbl" xml:lang="en-US" id="id_5214848_1285325_1_1">Deferred Income Tax Expense (Benefit)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DeferredIncomeTaxExpenseBenefit_lbl" xml:lang="en-US" id="id_5214848_1285325_2_1">Deferred income tax benefit</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredIncomeTaxExpenseBenefit" xlink:to="us-gaap_DeferredIncomeTaxExpenseBenefit_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredIncomeTaxExpenseBenefitContinuingOperationsAbstract" xlink:label="us-gaap_DeferredIncomeTaxExpenseBenefitContinuingOperationsAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredIncomeTaxExpenseBenefitContinuingOperationsAbstract_lbl" xml:lang="en-US" id="id_5214848_1277108_1_1">Deferred Income Tax Expense (Benefit), Continuing Operations [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DeferredIncomeTaxExpenseBenefitContinuingOperationsAbstract_lbl" xml:lang="en-US" id="id_5214848_1277108_2_1">Deferred income tax expense (benefit):</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredIncomeTaxExpenseBenefitContinuingOperationsAbstract" xlink:to="us-gaap_DeferredIncomeTaxExpenseBenefitContinuingOperationsAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_DeferredIncomeTaxExpenseBenefitNetOfDiscontinuedOperations" xlink:label="pld_DeferredIncomeTaxExpenseBenefitNetOfDiscontinuedOperations"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_DeferredIncomeTaxExpenseBenefitNetOfDiscontinuedOperations_lbl" xml:lang="en-US" id="id_5214848_1518896_3_1">Deferred Income Tax Expense Benefit Net Of Discontinued Operations</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_DeferredIncomeTaxExpenseBenefitNetOfDiscontinuedOperations_lbl" xml:lang="en-US" id="id_5214848_1518896_1_1">Deferred Income Tax Expense Benefit Net Of Discontinued Operations</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="pld_DeferredIncomeTaxExpenseBenefitNetOfDiscontinuedOperations_lbl" xml:lang="en-US" id="id_5214848_1518896_6_1">Total deferred tax benefit</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_DeferredIncomeTaxExpenseBenefitNetOfDiscontinuedOperations" xlink:to="pld_DeferredIncomeTaxExpenseBenefitNetOfDiscontinuedOperations_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredIncomeTaxLiabilities" xlink:label="us-gaap_DeferredIncomeTaxLiabilities"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredIncomeTaxLiabilities_lbl" xml:lang="en-US" id="id_5214848_1283784_1_1">Deferred Tax Liabilities, Gross</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DeferredIncomeTaxLiabilities_lbl" xml:lang="en-US" id="id_5214848_1283784_2_1">Income tax liabilities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredIncomeTaxLiabilities" xlink:to="us-gaap_DeferredIncomeTaxLiabilities_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredLeasingCommissions" xlink:label="us-gaap_DeferredLeasingCommissions"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredLeasingCommissions_lbl" xml:lang="en-US" id="id_5214848_1283327_1_1">Deferred Leasing Commissions</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DeferredLeasingCommissions_lbl" xml:lang="en-US" id="id_5214848_1283327_2_1">Leasing commissions</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredLeasingCommissions" xlink:to="us-gaap_DeferredLeasingCommissions_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_DeferredTaxAssetsBasisDifferenceRealEstateProperties" xlink:label="pld_DeferredTaxAssetsBasisDifferenceRealEstateProperties"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_DeferredTaxAssetsBasisDifferenceRealEstateProperties_lbl" xml:lang="en-US" id="id_5214848_1534341_3_1">Deferred tax assets, basis difference-real estate properties.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_DeferredTaxAssetsBasisDifferenceRealEstateProperties_lbl" xml:lang="en-US" id="id_5214848_1534341_1_1">Deferred Tax Assets Basis Difference Real Estate Properties</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_DeferredTaxAssetsBasisDifferenceRealEstateProperties_lbl" xml:lang="en-US" id="id_5214848_1534341_2_1">Basis difference - real estate properties</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_DeferredTaxAssetsBasisDifferenceRealEstateProperties" xlink:to="pld_DeferredTaxAssetsBasisDifferenceRealEstateProperties_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_DeferredTaxAssetsCapitalLossCarryforward" xlink:label="pld_DeferredTaxAssetsCapitalLossCarryforward"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_DeferredTaxAssetsCapitalLossCarryforward_lbl" xml:lang="en-US" id="id_5214848_1346909_3_1">Deferred Tax Assets Capital Loss Carryforward</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_DeferredTaxAssetsCapitalLossCarryforward_lbl" xml:lang="en-US" id="id_5214848_1346909_1_1">Deferred Tax Assets Capital Loss Carryforward</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_DeferredTaxAssetsCapitalLossCarryforward_lbl" xml:lang="en-US" id="id_5214848_1346909_2_1">Capital loss carryforward</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_DeferredTaxAssetsCapitalLossCarryforward" xlink:to="pld_DeferredTaxAssetsCapitalLossCarryforward_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxAssetsEquityMethodInvestments" xlink:label="us-gaap_DeferredTaxAssetsEquityMethodInvestments"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredTaxAssetsEquityMethodInvestments_lbl" xml:lang="en-US" id="id_5214848_1285843_1_1">Deferred Tax Assets, Equity Method Investments</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DeferredTaxAssetsEquityMethodInvestments_lbl" xml:lang="en-US" id="id_5214848_1285843_2_1">Basis difference - equity investments</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxAssetsEquityMethodInvestments" xlink:to="us-gaap_DeferredTaxAssetsEquityMethodInvestments_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxAssetsGross" xlink:label="us-gaap_DeferredTaxAssetsGross"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredTaxAssetsGross_lbl" xml:lang="en-US" id="id_5214848_1285845_1_1">Deferred Tax Assets, Gross</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_DeferredTaxAssetsGross_lbl" xml:lang="en-US" id="id_5214848_1285845_6_1">Total gross deferred income tax assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxAssetsGross" xlink:to="us-gaap_DeferredTaxAssetsGross_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_DeferredTaxAssetsIntangibleAssets" xlink:label="pld_DeferredTaxAssetsIntangibleAssets"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_DeferredTaxAssetsIntangibleAssets_lbl" xml:lang="en-US" id="id_5214848_1432732_3_1">Deferred tax assets intangible assets.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_DeferredTaxAssetsIntangibleAssets_lbl" xml:lang="en-US" id="id_5214848_1432732_1_1">Deferred Tax Assets Intangible Assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_DeferredTaxAssetsIntangibleAssets_lbl" xml:lang="en-US" id="id_5214848_1432732_2_1">Basis difference - intangibles</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_DeferredTaxAssetsIntangibleAssets" xlink:to="pld_DeferredTaxAssetsIntangibleAssets_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_DeferredTaxAssetsInterestLimitation" xlink:label="pld_DeferredTaxAssetsInterestLimitation"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_DeferredTaxAssetsInterestLimitation_lbl" xml:lang="en-US" id="id_5214848_1422412_3_1">Deferred tax assets, interest limitation.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_DeferredTaxAssetsInterestLimitation_lbl" xml:lang="en-US" id="id_5214848_1422412_1_1">Deferred Tax Assets Interest Limitation</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_DeferredTaxAssetsInterestLimitation_lbl" xml:lang="en-US" id="id_5214848_1422412_2_1">Section 163(j) interest limitation</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_DeferredTaxAssetsInterestLimitation" xlink:to="pld_DeferredTaxAssetsInterestLimitation_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxAssetsLiabilitiesNet" xlink:label="us-gaap_DeferredTaxAssetsLiabilitiesNet"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredTaxAssetsLiabilitiesNet_lbl" xml:lang="en-US" id="id_5214848_1287893_1_1">Deferred Tax Assets, Net</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_DeferredTaxAssetsLiabilitiesNet_lbl" xml:lang="en-US" id="id_5214848_1287893_14_1">Net deferred income tax liabilities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxAssetsLiabilitiesNet" xlink:to="us-gaap_DeferredTaxAssetsLiabilitiesNet_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxAssetsNet" xlink:label="us-gaap_DeferredTaxAssetsNet"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredTaxAssetsNet_lbl" xml:lang="en-US" id="id_5214848_1287895_1_1">Deferred Tax Assets, Net of Valuation Allowance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_DeferredTaxAssetsNet_lbl" xml:lang="en-US" id="id_5214848_1287895_6_1">Gross deferred income tax assets, net of valuation allowance</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxAssetsNet" xlink:to="us-gaap_DeferredTaxAssetsNet_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxAssetsNetAbstract" xlink:label="us-gaap_DeferredTaxAssetsNetAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredTaxAssetsNetAbstract_lbl" xml:lang="en-US" id="id_5214848_1277112_1_1">Deferred Tax Assets, Net [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DeferredTaxAssetsNetAbstract_lbl" xml:lang="en-US" id="id_5214848_1277112_2_1">Gross deferred income tax assets:</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxAssetsNetAbstract" xlink:to="us-gaap_DeferredTaxAssetsNetAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxAssetsOperatingLossCarryforwards" xlink:label="us-gaap_DeferredTaxAssetsOperatingLossCarryforwards"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredTaxAssetsOperatingLossCarryforwards_lbl" xml:lang="en-US" id="id_5214848_1287389_1_1">Deferred Tax Assets, Operating Loss Carryforwards</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DeferredTaxAssetsOperatingLossCarryforwards_lbl" xml:lang="en-US" id="id_5214848_1287389_2_1">Net operating loss carryforwards (1)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_DeferredTaxAssetsOperatingLossCarryforwards_lbl" xml:lang="en-US" id="id_5214848_1287389_12_1">Tax-effected NOL carryforward</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxAssetsOperatingLossCarryforwards" xlink:to="us-gaap_DeferredTaxAssetsOperatingLossCarryforwards_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxAssetsOther" xlink:label="us-gaap_DeferredTaxAssetsOther"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredTaxAssetsOther_lbl" xml:lang="en-US" id="id_5214848_1286340_1_1">Deferred Tax Assets, Other</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DeferredTaxAssetsOther_lbl" xml:lang="en-US" id="id_5214848_1286340_2_1">Other - temporary differences</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxAssetsOther" xlink:to="us-gaap_DeferredTaxAssetsOther_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxAssetsValuationAllowance" xlink:label="us-gaap_DeferredTaxAssetsValuationAllowance"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredTaxAssetsValuationAllowance_lbl" xml:lang="en-US" id="id_5214848_1281963_1_1">Deferred Tax Assets, Valuation Allowance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_DeferredTaxAssetsValuationAllowance_lbl" xml:lang="en-US" id="id_5214848_1281963_14_1">Valuation allowance</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxAssetsValuationAllowance" xlink:to="us-gaap_DeferredTaxAssetsValuationAllowance_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxLiabilities" xlink:label="us-gaap_DeferredTaxLiabilities"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredTaxLiabilities_lbl" xml:lang="en-US" id="id_5214848_1285105_1_1">Deferred Tax Liabilities, Net</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_DeferredTaxLiabilities_lbl" xml:lang="en-US" id="id_5214848_1285105_6_1">Total gross deferred income tax liabilities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxLiabilities" xlink:to="us-gaap_DeferredTaxLiabilities_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxLiabilitiesAbstract" xlink:label="us-gaap_DeferredTaxLiabilitiesAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredTaxLiabilitiesAbstract_lbl" xml:lang="en-US" id="id_5214848_1270502_1_1">Deferred Tax Liabilities, Gross [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DeferredTaxLiabilitiesAbstract_lbl" xml:lang="en-US" id="id_5214848_1270502_2_1">Gross deferred income tax liabilities:</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxLiabilitiesAbstract" xlink:to="us-gaap_DeferredTaxLiabilitiesAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_DeferredTaxLiabilitiesBasisDifferenceEquityInvestmentsAndRealEstateProperties" xlink:label="pld_DeferredTaxLiabilitiesBasisDifferenceEquityInvestmentsAndRealEstateProperties"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_DeferredTaxLiabilitiesBasisDifferenceEquityInvestmentsAndRealEstateProperties_lbl" xml:lang="en-US" id="id_5214848_1614869_3_1">Deferred tax liabilities basis difference equity investments and real estate properties.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_DeferredTaxLiabilitiesBasisDifferenceEquityInvestmentsAndRealEstateProperties_lbl" xml:lang="en-US" id="id_5214848_1614869_1_1">Deferred Tax Liabilities Basis Difference Equity Investments And Real Estate Properties</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_DeferredTaxLiabilitiesBasisDifferenceEquityInvestmentsAndRealEstateProperties_lbl" xml:lang="en-US" id="id_5214848_1614869_2_1">Built-in-gains - equity investments and real estate properties</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_DeferredTaxLiabilitiesBasisDifferenceEquityInvestmentsAndRealEstateProperties" xlink:to="pld_DeferredTaxLiabilitiesBasisDifferenceEquityInvestmentsAndRealEstateProperties_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_DeferredTaxLiabilitiesBasisDifferenceIntangibles" xlink:label="pld_DeferredTaxLiabilitiesBasisDifferenceIntangibles"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_DeferredTaxLiabilitiesBasisDifferenceIntangibles_lbl" xml:lang="en-US" id="id_5214848_1369717_3_1">Deferred tax liabilities basis difference intangibles.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_DeferredTaxLiabilitiesBasisDifferenceIntangibles_lbl" xml:lang="en-US" id="id_5214848_1369717_1_1">Deferred Tax Liabilities Basis Difference Intangibles</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_DeferredTaxLiabilitiesBasisDifferenceIntangibles_lbl" xml:lang="en-US" id="id_5214848_1369717_2_1">Basis difference- intangibles</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_DeferredTaxLiabilitiesBasisDifferenceIntangibles" xlink:to="pld_DeferredTaxLiabilitiesBasisDifferenceIntangibles_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_DeferredTaxLiabilitiesBasisDifferenceRealEstateProperties" xlink:label="pld_DeferredTaxLiabilitiesBasisDifferenceRealEstateProperties"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_DeferredTaxLiabilitiesBasisDifferenceRealEstateProperties_lbl" xml:lang="en-US" id="id_5214848_1393641_3_1">Deferred tax liabilities, basis difference-real estate properties.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_DeferredTaxLiabilitiesBasisDifferenceRealEstateProperties_lbl" xml:lang="en-US" id="id_5214848_1393641_1_1">Deferred Tax Liabilities Basis Difference Real Estate Properties</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_DeferredTaxLiabilitiesBasisDifferenceRealEstateProperties_lbl" xml:lang="en-US" id="id_5214848_1393641_2_1">Basis difference - real estate properties</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_DeferredTaxLiabilitiesBasisDifferenceRealEstateProperties" xlink:to="pld_DeferredTaxLiabilitiesBasisDifferenceRealEstateProperties_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxLiabilitiesOther" xlink:label="us-gaap_DeferredTaxLiabilitiesOther"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredTaxLiabilitiesOther_lbl" xml:lang="en-US" id="id_5214848_1282904_1_1">Deferred Tax Liabilities, Other</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DeferredTaxLiabilitiesOther_lbl" xml:lang="en-US" id="id_5214848_1282904_2_1">Other - temporary differences</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxLiabilitiesOther" xlink:to="us-gaap_DeferredTaxLiabilitiesOther_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_DefinedContributionPlanContributionsByEmployer" xlink:label="pld_DefinedContributionPlanContributionsByEmployer"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_DefinedContributionPlanContributionsByEmployer_lbl" xml:lang="en-US" id="id_5214848_1557579_3_1">Defined contribution plan contributions by employer.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_DefinedContributionPlanContributionsByEmployer_lbl" xml:lang="en-US" id="id_5214848_1557579_1_1">Defined Contribution Plan Contributions By Employer</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_DefinedContributionPlanContributionsByEmployer_lbl" xml:lang="en-US" id="id_5214848_1557579_2_1">Employer contribution for every dollar</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_DefinedContributionPlanContributionsByEmployer" xlink:to="pld_DefinedContributionPlanContributionsByEmployer_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DefinedContributionPlanCostRecognized" xlink:label="us-gaap_DefinedContributionPlanCostRecognized"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DefinedContributionPlanCostRecognized_lbl" xml:lang="en-US" id="id_5214848_1287407_1_1">Defined Contribution Plan, Cost Recognized</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DefinedContributionPlanCostRecognized_lbl" xml:lang="en-US" id="id_5214848_1287407_2_1">Compensation cost related to employees contribution plans</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DefinedContributionPlanCostRecognized" xlink:to="us-gaap_DefinedContributionPlanCostRecognized_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_DefinedContributionPlanMaximumContributionsPercentageByEmployer" xlink:label="pld_DefinedContributionPlanMaximumContributionsPercentageByEmployer"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_DefinedContributionPlanMaximumContributionsPercentageByEmployer_lbl" xml:lang="en-US" id="id_5214848_1398466_3_1">Defined Contribution Plan Maximum Contributions Percentage By Employer</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_DefinedContributionPlanMaximumContributionsPercentageByEmployer_lbl" xml:lang="en-US" id="id_5214848_1398466_1_1">Defined Contribution Plan Maximum Contributions Percentage By Employer</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_DefinedContributionPlanMaximumContributionsPercentageByEmployer_lbl" xml:lang="en-US" id="id_5214848_1398466_2_1">Percentage of employees annual compensation within the statutory compensation limit</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_DefinedContributionPlanMaximumContributionsPercentageByEmployer" xlink:to="pld_DefinedContributionPlanMaximumContributionsPercentageByEmployer_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_DekalbIndustrialCenterMember" xlink:label="pld_DekalbIndustrialCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_DekalbIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1431745_3_1">Dekalb Industrial Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_DekalbIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1431745_1_1">Dekalb Industrial Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_DekalbIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1431745_2_1">Dekalb Ind Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_DekalbIndustrialCenterMember" xlink:to="pld_DekalbIndustrialCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_DelAmoIndustrialCenterMember" xlink:label="pld_DelAmoIndustrialCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_DelAmoIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1548856_3_1">Del Amo Industrial Center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_DelAmoIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1548856_1_1">Del Amo Industrial Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_DelAmoIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1548856_2_1">Del Amo Industrial Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_DelAmoIndustrialCenterMember" xlink:to="pld_DelAmoIndustrialCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_DellamorMember" xlink:label="pld_DellamorMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_DellamorMember_lbl" xml:lang="en-US" id="id_5214848_1303775_3_1">Dellamor [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_DellamorMember_lbl" xml:lang="en-US" id="id_5214848_1303775_1_1">Dellamor [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_DellamorMember_lbl" xml:lang="en-US" id="id_5214848_1303775_2_1">Dellamor [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_DellamorMember" xlink:to="pld_DellamorMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_DelpDistributionCenterMember" xlink:label="pld_DelpDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_DelpDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1463664_3_1">Delp distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_DelpDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1463664_1_1">Delp Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_DelpDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1463664_2_1">Delp Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_DelpDistributionCenterMember" xlink:to="pld_DelpDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_DenverBusinessCenterMember" xlink:label="pld_DenverBusinessCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_DenverBusinessCenterMember_lbl" xml:lang="en-US" id="id_5214848_1566511_3_1">Denver business center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_DenverBusinessCenterMember_lbl" xml:lang="en-US" id="id_5214848_1566511_1_1">Denver Business Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_DenverBusinessCenterMember_lbl" xml:lang="en-US" id="id_5214848_1566511_2_1">Denver Business Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_DenverBusinessCenterMember" xlink:to="pld_DenverBusinessCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_DenverColoradoMember" xlink:label="pld_DenverColoradoMember"/>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_DepreciationAndAmortization_lbl" xml:lang="en-US" id="id_5214848_1286909_14_1">Depreciation and amortization</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DepreciationAndAmortization" xlink:to="us-gaap_DepreciationAndAmortization_lbl"/>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_DepreciationAndAmortizationDiscontinuedOperations_lbl" xml:lang="en-US" id="id_5214848_1287409_14_1">Depreciation and amortization</label>
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    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_DepreciationCommencementDescription" xlink:label="pld_DepreciationCommencementDescription"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_DepreciationCommencementDescription_lbl" xml:lang="en-US" id="id_5214848_1461842_3_1">Depreciation commencement description.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_DepreciationCommencementDescription_lbl" xml:lang="en-US" id="id_5214848_1461842_1_1">Depreciation Commencement Description</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_DepreciationCommencementDescription_lbl" xml:lang="en-US" id="id_5214848_1461842_2_1">Depreciation commencement description</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DepreciationDepletionAndAmortization_lbl" xml:lang="en-US" id="id_5214848_1285354_1_1">Depreciation, Depletion and Amortization</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DepreciationDepletionAndAmortization_lbl" xml:lang="en-US" id="id_5214848_1285354_2_1">Depreciation and amortization</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DerivativeAverageForwardExchangeRate1_lbl" xml:lang="en-US" id="id_5214848_1278776_2_1">Weighted Average Forward Rate at December 31</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativeByNatureAxis_lbl" xml:lang="en-US" id="id_5214848_1272145_1_1">Derivative, by Nature [Axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DerivativeByNatureAxis_lbl" xml:lang="en-US" id="id_5214848_1272145_2_1">Derivative, by Nature [Axis]</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DerivativeInstrumentRiskAxis_lbl" xml:lang="en-US" id="id_5214848_1278779_2_1">Derivative Instrument [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeInstrumentRiskAxis" xlink:to="us-gaap_DerivativeInstrumentRiskAxis_lbl"/>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_lbl" xml:lang="en-US" id="id_5214848_1280388_1_1">Derivative Instruments and Hedging Activities Disclosure [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_lbl" xml:lang="en-US" id="id_5214848_1280388_2_1">Derivative Instruments and Hedging Activities Disclosure [Abstract]</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativeInstrumentsInHedgesAssetsAtFairValue_lbl" xml:lang="en-US" id="id_5214848_1285872_1_1">Derivative Instruments in Hedges, Assets, at Fair Value</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DerivativeInstrumentsInHedgesAssetsAtFairValue_lbl" xml:lang="en-US" id="id_5214848_1285872_2_1">Asset</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativeInstrumentsInHedgesLiabilitiesAtFairValue_lbl" xml:lang="en-US" id="id_5214848_1284620_1_1">Derivative Instruments in Hedges, Liabilities, at Fair Value</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DerivativeInstrumentsInHedgesLiabilitiesAtFairValue_lbl" xml:lang="en-US" id="id_5214848_1284620_2_1">Liability</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DerivativeLiabilities_lbl" xml:lang="en-US" id="id_5214848_1282419_2_1">Derivative liabilities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeLiabilities" xlink:to="us-gaap_DerivativeLiabilities_lbl"/>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DerivativeLiabilityNotionalAmount_lbl" xml:lang="en-US" id="id_5214848_1278826_2_1">Notional value of ineffective interest rate swaps</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DerivativeNameDomain_lbl" xml:lang="en-US" id="id_5214848_1272198_2_1">Derivative, Name [Domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeNameDomain" xlink:to="us-gaap_DerivativeNameDomain_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_DerivativeNetInvestmentHedgesMember" xlink:label="pld_DerivativeNetInvestmentHedgesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_DerivativeNetInvestmentHedgesMember_lbl" xml:lang="en-US" id="id_5214848_1472604_3_1">Derivative Net Investment Hedges [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_DerivativeNetInvestmentHedgesMember_lbl" xml:lang="en-US" id="id_5214848_1472604_1_1">Derivative Net Investment Hedges [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_DerivativeNetInvestmentHedgesMember_lbl" xml:lang="en-US" id="id_5214848_1472604_2_1">Derivative Net Investment Hedges [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_DerivativeNetInvestmentHedgesMember" xlink:to="pld_DerivativeNetInvestmentHedgesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_DerivativeNotionalAmount" xlink:label="invest_DerivativeNotionalAmount"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="invest_DerivativeNotionalAmount_lbl" xml:lang="en-US" id="id_5214848_1278063_1_1">Derivative, Notional Amount</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="invest_DerivativeNotionalAmount_lbl" xml:lang="en-US" id="id_5214848_1278063_4_1">Notional amounts at December 31</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="invest_DerivativeNotionalAmount_lbl" xml:lang="en-US" id="id_5214848_1278063_5_1">Notional amounts at January 1</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="invest_DerivativeNotionalAmount_lbl" xml:lang="en-US" id="id_5214848_1278063_2_1">Notional value of swap contracts</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="invest_DerivativeNotionalAmount" xlink:to="invest_DerivativeNotionalAmount_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativesAndFairValueTextBlock" xlink:label="us-gaap_DerivativesAndFairValueTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativesAndFairValueTextBlock_lbl" xml:lang="en-US" id="id_5214848_1268915_1_1">Derivatives and Fair Value [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DerivativesAndFairValueTextBlock_lbl" xml:lang="en-US" id="id_5214848_1268915_2_1">Financial Instruments and Fair Value Measurements</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativesAndFairValueTextBlock" xlink:to="us-gaap_DerivativesAndFairValueTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativesFairValueLineItems" xlink:label="us-gaap_DerivativesFairValueLineItems"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativesFairValueLineItems_lbl" xml:lang="en-US" id="id_5214848_1270542_1_1">Derivatives, Fair Value [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DerivativesFairValueLineItems_lbl" xml:lang="en-US" id="id_5214848_1270542_2_1">Derivatives, Fair Value [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativesFairValueLineItems" xlink:to="us-gaap_DerivativesFairValueLineItems_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativesPolicyTextBlock" xlink:label="us-gaap_DerivativesPolicyTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativesPolicyTextBlock_lbl" xml:lang="en-US" id="id_5214848_1273882_1_1">Derivatives, Policy [Policy Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DerivativesPolicyTextBlock_lbl" xml:lang="en-US" id="id_5214848_1273882_2_1">Financial Instruments</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativesPolicyTextBlock" xlink:to="us-gaap_DerivativesPolicyTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeTable" xlink:label="us-gaap_DerivativeTable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativeTable_lbl" xml:lang="en-US" id="id_5214848_1272166_1_1">Derivative [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DerivativeTable_lbl" xml:lang="en-US" id="id_5214848_1272166_2_1">Derivative [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeTable" xlink:to="us-gaap_DerivativeTable_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DesignatedAsHedgingInstrumentMember" xlink:label="us-gaap_DesignatedAsHedgingInstrumentMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DesignatedAsHedgingInstrumentMember_lbl" xml:lang="en-US" id="id_5214848_1280416_1_1">Designated as Hedging Instrument [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DesignatedAsHedgingInstrumentMember_lbl" xml:lang="en-US" id="id_5214848_1280416_2_1">Designated as Hedging Instrument [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DesignatedAsHedgingInstrumentMember" xlink:to="us-gaap_DesignatedAsHedgingInstrumentMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_DeSotoDistributionCenterMember" xlink:label="pld_DeSotoDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_DeSotoDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1420673_3_1">De Soto distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_DeSotoDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1420673_1_1">De Soto Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_DeSotoDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1420673_2_1">DeSoto Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_DeSotoDistributionCenterMember" xlink:to="pld_DeSotoDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_DesPlainesDistributionCenterMember" xlink:label="pld_DesPlainesDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_DesPlainesDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1570165_3_1">Des Plaines distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_DesPlainesDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1570165_1_1">Des Plaines Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_DesPlainesDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1570165_2_1">Des Plaines Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_DesPlainesDistributionCenterMember" xlink:to="pld_DesPlainesDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_DevelopmentManagementAndOtherIncomeEuropeMember" xlink:label="pld_DevelopmentManagementAndOtherIncomeEuropeMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_DevelopmentManagementAndOtherIncomeEuropeMember_lbl" xml:lang="en-US" id="id_5214848_1503776_3_1">Development management and other income - Europe.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_DevelopmentManagementAndOtherIncomeEuropeMember_lbl" xml:lang="en-US" id="id_5214848_1503776_1_1">Development Management And Other Income Europe [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_DevelopmentManagementAndOtherIncomeEuropeMember_lbl" xml:lang="en-US" id="id_5214848_1503776_2_1">Development Management and Other Income [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_DevelopmentManagementAndOtherIncomeEuropeMember" xlink:to="pld_DevelopmentManagementAndOtherIncomeEuropeMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_DevelopmentPortfolioMember" xlink:label="pld_DevelopmentPortfolioMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_DevelopmentPortfolioMember_lbl" xml:lang="en-US" id="id_5214848_1550117_3_1">Development portfolio.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_DevelopmentPortfolioMember_lbl" xml:lang="en-US" id="id_5214848_1550117_1_1">Development Portfolio [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_DevelopmentPortfolioMember_lbl" xml:lang="en-US" id="id_5214848_1550117_2_1">Total Development Portfolio [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_DevelopmentPortfolioMember" xlink:to="pld_DevelopmentPortfolioMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_DfwCargoCenterEastMember" xlink:label="pld_DfwCargoCenterEastMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_DfwCargoCenterEastMember_lbl" xml:lang="en-US" id="id_5214848_1436935_3_1">Dfw cargo center east.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_DfwCargoCenterEastMember_lbl" xml:lang="en-US" id="id_5214848_1436935_1_1">Dfw Cargo Center East [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_DfwCargoCenterEastMember_lbl" xml:lang="en-US" id="id_5214848_1436935_2_1">DFW Cargo Center East [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_DfwCargoCenterEastMember" xlink:to="pld_DfwCargoCenterEastMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_DfwCargoCenterOneMember" xlink:label="pld_DfwCargoCenterOneMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_DfwCargoCenterOneMember_lbl" xml:lang="en-US" id="id_5214848_1353341_3_1">Dfw Cargo Center One [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_DfwCargoCenterOneMember_lbl" xml:lang="en-US" id="id_5214848_1353341_1_1">Dfw Cargo Center One [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_DfwCargoCenterOneMember_lbl" xml:lang="en-US" id="id_5214848_1353341_2_1">DFW Cargo Center 1 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_DfwCargoCenterOneMember" xlink:to="pld_DfwCargoCenterOneMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_DfwCargoCenterTwoMember" xlink:label="pld_DfwCargoCenterTwoMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_DfwCargoCenterTwoMember_lbl" xml:lang="en-US" id="id_5214848_1429403_3_1">Dfw cargo center two.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_DfwCargoCenterTwoMember_lbl" xml:lang="en-US" id="id_5214848_1429403_1_1">Dfw Cargo Center Two [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_DfwCargoCenterTwoMember_lbl" xml:lang="en-US" id="id_5214848_1429403_2_1">DFW Cargo Center 2 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_DfwCargoCenterTwoMember" xlink:to="pld_DfwCargoCenterTwoMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment" xlink:label="us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment_lbl" xml:lang="en-US" id="id_5214848_1286916_1_1">Direct Costs of Leased and Rented Property or Equipment</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment_lbl" xml:lang="en-US" id="id_5214848_1286916_2_1">Rental expenses</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment" xlink:to="us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_DirectorDriveDistributionCenterMember" xlink:label="pld_DirectorDriveDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_DirectorDriveDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1443320_3_1">Director Drive Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_DirectorDriveDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1443320_1_1">Director Drive Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_DirectorDriveDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1443320_2_1">Director Drive Dist Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_DirectorDriveDistributionCenterMember" xlink:to="pld_DirectorDriveDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_DirftDistCtrMember" xlink:label="pld_DirftDistCtrMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_DirftDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1401238_3_1">Dirft Dist Ctr.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_DirftDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1401238_1_1">Dirft Dist Ctr [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_DirftDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1401238_2_1">Dirft Dist Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_DirftDistCtrMember" xlink:to="pld_DirftDistCtrMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:label="us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_lbl" xml:lang="en-US" id="id_5214848_1273909_1_1">Disclosure of Compensation Related Costs, Share-based Payments [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_lbl" xml:lang="en-US" id="id_5214848_1273909_2_1">Disclosure of Compensation Related Costs, Share-based Payments [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:to="us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock" xlink:label="us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock_lbl" xml:lang="en-US" id="id_5214848_1278832_1_1">Disclosure of Compensation Related Costs, Share-based Payments [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock_lbl" xml:lang="en-US" id="id_5214848_1278832_2_1">Long-Term Compensation</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock" xlink:to="us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DisclosureOfReclassificationAmountTextBlock" xlink:label="us-gaap_DisclosureOfReclassificationAmountTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DisclosureOfReclassificationAmountTextBlock_lbl" xml:lang="en-US" id="id_5214848_1272202_1_1">Disclosure of Reclassification Amount [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DisclosureOfReclassificationAmountTextBlock_lbl" xml:lang="en-US" id="id_5214848_1272202_2_1">Reclassifications</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DisclosureOfReclassificationAmountTextBlock" xlink:to="us-gaap_DisclosureOfReclassificationAmountTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock" xlink:label="us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock_lbl" xml:lang="en-US" id="id_5214848_1272203_1_1">Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock_lbl" xml:lang="en-US" id="id_5214848_1272203_2_1">Stock Options, RSU and Performance Share Awards</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock" xlink:to="us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock_lbl"/>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax_lbl" xml:lang="en-US" id="id_5214848_1284615_1_1">Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax</label>
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    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTaxAbstract" xlink:label="us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTaxAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTaxAbstract_lbl" xml:lang="en-US" id="id_5214848_1268974_1_1">Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTaxAbstract_lbl" xml:lang="en-US" id="id_5214848_1268974_2_1">Discontinued operations:</label>
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    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax" xlink:label="us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax_lbl" xml:lang="en-US" id="id_5214848_1283758_1_1">Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax_lbl" xml:lang="en-US" id="id_5214848_1283758_2_1">Income attributable to disposed properties and assets held for sale</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax_lbl" xml:lang="en-US" id="id_5214848_1283758_6_1">Income attributable to disposed properties</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax" xlink:to="us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract" xlink:label="us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract_lbl" xml:lang="en-US" id="id_5214848_1275586_1_1">Discontinued Operations and Disposal Groups [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract_lbl" xml:lang="en-US" id="id_5214848_1275586_2_1">Discontinued Operations and Disposal Groups [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract" xlink:to="us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DiscontinuedOperationsPolicyTextBlock" xlink:label="us-gaap_DiscontinuedOperationsPolicyTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DiscontinuedOperationsPolicyTextBlock_lbl" xml:lang="en-US" id="id_5214848_1277200_1_1">Discontinued Operations, Policy [Policy Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DiscontinuedOperationsPolicyTextBlock_lbl" xml:lang="en-US" id="id_5214848_1277200_2_1">Discontinued Operations</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DiscontinuedOperationsPolicyTextBlock" xlink:to="us-gaap_DiscontinuedOperationsPolicyTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DisposalGroupIncludingDiscontinuedOperationInterestExpense" xlink:label="us-gaap_DisposalGroupIncludingDiscontinuedOperationInterestExpense"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DisposalGroupIncludingDiscontinuedOperationInterestExpense_lbl" xml:lang="en-US" id="id_5214848_1287421_1_1">Disposal Group, Including Discontinued Operation, Interest Expense</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_DisposalGroupIncludingDiscontinuedOperationInterestExpense_lbl" xml:lang="en-US" id="id_5214848_1287421_14_1">Interest expense</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DisposalGroupIncludingDiscontinuedOperationInterestExpense" xlink:to="us-gaap_DisposalGroupIncludingDiscontinuedOperationInterestExpense_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DisposalGroupIncludingDiscontinuedOperationOperatingExpense" xlink:label="us-gaap_DisposalGroupIncludingDiscontinuedOperationOperatingExpense"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DisposalGroupIncludingDiscontinuedOperationOperatingExpense_lbl" xml:lang="en-US" id="id_5214848_1288419_1_1">Disposal Group, Including Discontinued Operation, Operating Expense</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_DisposalGroupIncludingDiscontinuedOperationOperatingExpense_lbl" xml:lang="en-US" id="id_5214848_1288419_14_1">Rental expenses</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DisposalGroupIncludingDiscontinuedOperationOperatingExpense" xlink:to="us-gaap_DisposalGroupIncludingDiscontinuedOperationOperatingExpense_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DisposalGroupIncludingDiscontinuedOperationOtherAssets" xlink:label="us-gaap_DisposalGroupIncludingDiscontinuedOperationOtherAssets"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DisposalGroupIncludingDiscontinuedOperationOtherAssets_lbl" xml:lang="en-US" id="id_5214848_1287932_1_1">Disposal Group, Including Discontinued Operation, Other Assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DisposalGroupIncludingDiscontinuedOperationOtherAssets_lbl" xml:lang="en-US" id="id_5214848_1287932_2_1">Asset held for sale</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_DisposalGroupIncludingDiscontinuedOperationOtherAssets_lbl" xml:lang="en-US" id="id_5214848_1287932_12_1">Assets held for sale</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DisposalGroupIncludingDiscontinuedOperationOtherAssets" xlink:to="us-gaap_DisposalGroupIncludingDiscontinuedOperationOtherAssets_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DisposalGroupIncludingDiscontinuedOperationRentalIncome" xlink:label="us-gaap_DisposalGroupIncludingDiscontinuedOperationRentalIncome"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DisposalGroupIncludingDiscontinuedOperationRentalIncome_lbl" xml:lang="en-US" id="id_5214848_1282408_1_1">Disposal Group, Including Discontinued Operation, Rental Income</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DisposalGroupIncludingDiscontinuedOperationRentalIncome_lbl" xml:lang="en-US" id="id_5214848_1282408_2_1">Rental income and recoveries</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DisposalGroupIncludingDiscontinuedOperationRentalIncome" xlink:to="us-gaap_DisposalGroupIncludingDiscontinuedOperationRentalIncome_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DisposalGroupNotDiscontinuedOperationGainLossOnDisposal" xlink:label="us-gaap_DisposalGroupNotDiscontinuedOperationGainLossOnDisposal"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DisposalGroupNotDiscontinuedOperationGainLossOnDisposal_lbl" xml:lang="en-US" id="id_5214848_1281933_1_1">Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DisposalGroupNotDiscontinuedOperationGainLossOnDisposal_lbl" xml:lang="en-US" id="id_5214848_1281933_2_1">Gains on acquisitions and dispositions of investments in real estate, net</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_DisposalGroupNotDiscontinuedOperationGainLossOnDisposal_lbl" xml:lang="en-US" id="id_5214848_1281933_12_1">Gains on dispositions of investments in real estate and revaluation of equity investments upon acquisition of a controlling interest, net</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DisposalGroupNotDiscontinuedOperationGainLossOnDisposal" xlink:to="us-gaap_DisposalGroupNotDiscontinuedOperationGainLossOnDisposal_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock" xlink:label="us-gaap_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock_lbl" xml:lang="en-US" id="id_5214848_1275591_1_1">Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock_lbl" xml:lang="en-US" id="id_5214848_1275591_2_1">Assets Held for Sale and Discontinued Operations</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock" xlink:to="us-gaap_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_DispositionsToThirdPartiesMember" xlink:label="pld_DispositionsToThirdPartiesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_DispositionsToThirdPartiesMember_lbl" xml:lang="en-US" id="id_5214848_1576118_3_1">Dispositions To Third Parties [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_DispositionsToThirdPartiesMember_lbl" xml:lang="en-US" id="id_5214848_1576118_1_1">Dispositions To Third Parties [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_DispositionsToThirdPartiesMember_lbl" xml:lang="en-US" id="id_5214848_1576118_2_1">Dispositions to Third Parties [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_DispositionsToThirdPartiesMember" xlink:to="pld_DispositionsToThirdPartiesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_DistributableIncomePercentageForTaxExemption" xlink:label="pld_DistributableIncomePercentageForTaxExemption"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_DistributableIncomePercentageForTaxExemption_lbl" xml:lang="en-US" id="id_5214848_1568219_3_1">Distributable income percentage for tax exemption.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_DistributableIncomePercentageForTaxExemption_lbl" xml:lang="en-US" id="id_5214848_1568219_1_1">Distributable Income Percentage For Tax Exemption</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_DistributableIncomePercentageForTaxExemption_lbl" xml:lang="en-US" id="id_5214848_1568219_2_1">Percentage of taxable income distribute</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_DistributableIncomePercentageForTaxExemption" xlink:to="pld_DistributableIncomePercentageForTaxExemption_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DistributionMadeToLimitedPartnerDistributionsPaidPerUnit" xlink:label="us-gaap_DistributionMadeToLimitedPartnerDistributionsPaidPerUnit"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DistributionMadeToLimitedPartnerDistributionsPaidPerUnit_lbl" xml:lang="en-US" id="id_5214848_1278847_1_1">Distribution Made to Limited Partner, Distributions Paid, Per Unit</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_DistributionMadeToLimitedPartnerDistributionsPaidPerUnit_lbl" xml:lang="en-US" id="id_5214848_1278847_6_1">Total distribution</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DistributionMadeToLimitedPartnerDistributionsPaidPerUnit" xlink:to="us-gaap_DistributionMadeToLimitedPartnerDistributionsPaidPerUnit_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DistributionMadeToLimitedPartnerUnitDistribution" xlink:label="us-gaap_DistributionMadeToLimitedPartnerUnitDistribution"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DistributionMadeToLimitedPartnerUnitDistribution_lbl" xml:lang="en-US" id="id_5214848_1277205_1_1">Distribution Made to Limited Partner, Unit Distribution</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_DistributionMadeToLimitedPartnerUnitDistribution_lbl" xml:lang="en-US" id="id_5214848_1277205_14_1">Distributions and allocations, Units</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DistributionMadeToLimitedPartnerUnitDistribution" xlink:to="us-gaap_DistributionMadeToLimitedPartnerUnitDistribution_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_Dividends" xlink:label="us-gaap_Dividends"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_Dividends_lbl" xml:lang="en-US" id="id_5214848_1285366_1_1">Dividends</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_Dividends_lbl" xml:lang="en-US" id="id_5214848_1285366_14_1">Distributions and allocations</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Dividends" xlink:to="us-gaap_Dividends_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DividendsPreferredStock" xlink:label="us-gaap_DividendsPreferredStock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DividendsPreferredStock_lbl" xml:lang="en-US" id="id_5214848_1288428_1_1">Dividends, Preferred Stock</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DividendsPreferredStock_lbl" xml:lang="en-US" id="id_5214848_1288428_2_1">Less preferred stock dividends</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DividendsPreferredStock" xlink:to="us-gaap_DividendsPreferredStock_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_DocksCornorSgPhaseTwoMember" xlink:label="pld_DocksCornorSgPhaseTwoMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_DocksCornorSgPhaseTwoMember_lbl" xml:lang="en-US" id="id_5214848_1401880_3_1">Docks Cornor SG (Phase II) [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_DocksCornorSgPhaseTwoMember_lbl" xml:lang="en-US" id="id_5214848_1401880_1_1">Docks Cornor Sg Phase Two [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_DocksCornorSgPhaseTwoMember_lbl" xml:lang="en-US" id="id_5214848_1401880_2_1">Docks Cornor SG (Phase II) [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_DocksCornorSgPhaseTwoMember" xlink:to="pld_DocksCornorSgPhaseTwoMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_DocumentAndEntityInformationAbstract" xlink:label="pld_DocumentAndEntityInformationAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_DocumentAndEntityInformationAbstract_lbl" xml:lang="en-US" id="id_5214848_1430739_3_1">Document And Entity Information [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_DocumentAndEntityInformationAbstract_lbl" xml:lang="en-US" id="id_5214848_1430739_1_1">Document And Entity Information [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_DocumentAndEntityInformationAbstract_lbl" xml:lang="en-US" id="id_5214848_1430739_2_1">Document And Entity Information [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_DocumentAndEntityInformationAbstract" xlink:to="pld_DocumentAndEntityInformationAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentFiscalPeriodFocus" xlink:label="dei_DocumentFiscalPeriodFocus"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentFiscalPeriodFocus_lbl" xml:lang="en-US" id="id_5214848_1279677_1_1">Document Fiscal Period Focus</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_DocumentFiscalPeriodFocus_lbl" xml:lang="en-US" id="id_5214848_1279677_2_1">Document Fiscal Period Focus</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentFiscalPeriodFocus" xlink:to="dei_DocumentFiscalPeriodFocus_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentFiscalYearFocus" xlink:label="dei_DocumentFiscalYearFocus"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentFiscalYearFocus_lbl" xml:lang="en-US" id="id_5214848_1276510_1_1">Document Fiscal Year Focus</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_DocumentFiscalYearFocus_lbl" xml:lang="en-US" id="id_5214848_1276510_2_1">Document Fiscal Year Focus</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentFiscalYearFocus" xlink:to="dei_DocumentFiscalYearFocus_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentPeriodEndDate" xlink:label="dei_DocumentPeriodEndDate"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentPeriodEndDate_lbl" xml:lang="en-US" id="id_5214848_1274889_1_1">Document Period End Date</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_DocumentPeriodEndDate_lbl" xml:lang="en-US" id="id_5214848_1274889_2_1">Document Period End Date</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentPeriodEndDate" xlink:to="dei_DocumentPeriodEndDate_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentType" xlink:label="dei_DocumentType"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentType_lbl" xml:lang="en-US" id="id_5214848_1269867_1_1">Document Type</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_DocumentType_lbl" xml:lang="en-US" id="id_5214848_1269867_2_1">Document Type</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentType" xlink:to="dei_DocumentType_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_DolphinDistributionCenterMember" xlink:label="pld_DolphinDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_DolphinDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1308418_3_1">Dolphin Distribution Center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_DolphinDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1308418_1_1">Dolphin Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_DolphinDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1308418_2_1">Dolphin Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_DolphinDistributionCenterMember" xlink:to="pld_DolphinDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_DominguezNorthIndustrialCenterMember" xlink:label="pld_DominguezNorthIndustrialCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_DominguezNorthIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1554879_3_1">Dominguez north industrial center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_DominguezNorthIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1554879_1_1">Dominguez North Industrial Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_DominguezNorthIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1554879_2_1">Dominguez North Industrial Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_DominguezNorthIndustrialCenterMember" xlink:to="pld_DominguezNorthIndustrialCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_DoolittleDistributionCenterMember" xlink:label="pld_DoolittleDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_DoolittleDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1415561_3_1">Doolittle Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_DoolittleDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1415561_1_1">Doolittle Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_DoolittleDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1415561_2_1">Doolittle Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_DoolittleDistributionCenterMember" xlink:to="pld_DoolittleDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_DouglasHillDistributionCenterMember" xlink:label="pld_DouglasHillDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_DouglasHillDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1563829_3_1">Douglas hill distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_DouglasHillDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1563829_1_1">Douglas Hill Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_DouglasHillDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1563829_2_1">Douglas Hill Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_DouglasHillDistributionCenterMember" xlink:to="pld_DouglasHillDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_DoweIndustrialCenterMember" xlink:label="pld_DoweIndustrialCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_DoweIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1527786_3_1">Dowe Industrial Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_DoweIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1527786_1_1">Dowe Industrial Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_DoweIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1527786_2_1">Dowe Industrial Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_DoweIndustrialCenterMember" xlink:to="pld_DoweIndustrialCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_DowntownDistributionCenterMember" xlink:label="pld_DowntownDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_DowntownDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1610131_3_1">Downtown Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_DowntownDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1610131_1_1">Downtown Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_DowntownDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1610131_2_1">Downtown Dist Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_DowntownDistributionCenterMember" xlink:to="pld_DowntownDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_DublinIndPortfolioMember" xlink:label="pld_DublinIndPortfolioMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_DublinIndPortfolioMember_lbl" xml:lang="en-US" id="id_5214848_1532014_3_1">Dublin Ind Portfolio [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_DublinIndPortfolioMember_lbl" xml:lang="en-US" id="id_5214848_1532014_1_1">Dublin Ind Portfolio [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_DublinIndPortfolioMember_lbl" xml:lang="en-US" id="id_5214848_1532014_2_1">Dublin Ind Portfolio [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_DublinIndPortfolioMember" xlink:to="pld_DublinIndPortfolioMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_DuckCreekDistributionCenterMember" xlink:label="pld_DuckCreekDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_DuckCreekDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1609647_3_1">Duck Creek Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_DuckCreekDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1609647_1_1">Duck Creek Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_DuckCreekDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1609647_2_1">Duck Creek Dist Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_DuckCreekDistributionCenterMember" xlink:to="pld_DuckCreekDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DueFromRelatedParties" xlink:label="us-gaap_DueFromRelatedParties"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DueFromRelatedParties_lbl" xml:lang="en-US" id="id_5214848_1286385_1_1">Due from Related Parties</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DueFromRelatedParties_lbl" xml:lang="en-US" id="id_5214848_1286385_2_1">Intercompany notes receivable</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DueFromRelatedParties" xlink:to="us-gaap_DueFromRelatedParties_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_EarningsLossBeforeIncomeTaxes" xlink:label="pld_EarningsLossBeforeIncomeTaxes"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_EarningsLossBeforeIncomeTaxes_lbl" xml:lang="en-US" id="id_5214848_1351335_3_1">Earnings loss before income taxes.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_EarningsLossBeforeIncomeTaxes_lbl" xml:lang="en-US" id="id_5214848_1351335_1_1">Earnings Loss Before Income Taxes</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="pld_EarningsLossBeforeIncomeTaxes_lbl" xml:lang="en-US" id="id_5214848_1351335_6_1">Earnings (loss) before income taxes</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_EarningsLossBeforeIncomeTaxes" xlink:to="pld_EarningsLossBeforeIncomeTaxes_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EarningsPerShareAbstract" xlink:label="us-gaap_EarningsPerShareAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EarningsPerShareAbstract_lbl" xml:lang="en-US" id="id_5214848_1275595_1_1">Earnings Per Share [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_EarningsPerShareAbstract_lbl" xml:lang="en-US" id="id_5214848_1275595_2_1">Earnings Per Share [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EarningsPerShareAbstract" xlink:to="us-gaap_EarningsPerShareAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EarningsPerShareBasic" xlink:label="us-gaap_EarningsPerShareBasic"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EarningsPerShareBasic_lbl" xml:lang="en-US" id="id_5214848_1277213_1_1">Earnings Per Share, Basic</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_EarningsPerShareBasic_lbl" xml:lang="en-US" id="id_5214848_1277213_2_1">Basic</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_EarningsPerShareBasic_lbl" xml:lang="en-US" id="id_5214848_1277213_6_1">Net earnings (loss) per share attributable to common stockholders - Basic</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_EarningsPerShareBasic_lbl" xml:lang="en-US" id="id_5214848_1277213_12_1">Net earnings (loss) per share attributable to common stockholders - Basic</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EarningsPerShareBasic" xlink:to="us-gaap_EarningsPerShareBasic_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EarningsPerShareBasicAndDilutedAbstract" xlink:label="us-gaap_EarningsPerShareBasicAndDilutedAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EarningsPerShareBasicAndDilutedAbstract_lbl" xml:lang="en-US" id="id_5214848_1270587_1_1">Earnings Per Share, Basic and Diluted [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_EarningsPerShareBasicAndDilutedAbstract_lbl" xml:lang="en-US" id="id_5214848_1270587_2_1">Net earnings (loss) per share attributable to common stockholders -</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EarningsPerShareBasicAndDilutedAbstract" xlink:to="us-gaap_EarningsPerShareBasicAndDilutedAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EarningsPerShareDiluted" xlink:label="us-gaap_EarningsPerShareDiluted"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EarningsPerShareDiluted_lbl" xml:lang="en-US" id="id_5214848_1268986_1_1">Earnings Per Share, Diluted</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_EarningsPerShareDiluted_lbl" xml:lang="en-US" id="id_5214848_1268986_2_1">Diluted</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_EarningsPerShareDiluted_lbl" xml:lang="en-US" id="id_5214848_1268986_6_1">Net earnings (loss) per share attributable to common stockholders - Diluted</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_EarningsPerShareDiluted_lbl" xml:lang="en-US" id="id_5214848_1268986_12_1">Net earnings (loss) per share attributable to common stockholders - Diluted</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EarningsPerShareDiluted" xlink:to="us-gaap_EarningsPerShareDiluted_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EarningsPerShareTextBlock" xlink:label="us-gaap_EarningsPerShareTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EarningsPerShareTextBlock_lbl" xml:lang="en-US" id="id_5214848_1268989_1_1">Earnings Per Share [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_EarningsPerShareTextBlock_lbl" xml:lang="en-US" id="id_5214848_1268989_2_1">Earnings / Loss Per Common Share / Unit</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EarningsPerShareTextBlock" xlink:to="us-gaap_EarningsPerShareTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_EarthCityIndustrialCenterMember" xlink:label="pld_EarthCityIndustrialCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_EarthCityIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1429011_3_1">Earth city industrial center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_EarthCityIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1429011_1_1">Earth City Industrial Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_EarthCityIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1429011_2_1">Earth City Industrial Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_EarthCityIndustrialCenterMember" xlink:to="pld_EarthCityIndustrialCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_EastBayDoolittleMember" xlink:label="pld_EastBayDoolittleMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_EastBayDoolittleMember_lbl" xml:lang="en-US" id="id_5214848_1456342_3_1">East Bay Doolittle [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_EastBayDoolittleMember_lbl" xml:lang="en-US" id="id_5214848_1456342_1_1">East Bay Doolittle [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_EastBayDoolittleMember_lbl" xml:lang="en-US" id="id_5214848_1456342_2_1">East Bay Doolittle [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_EastBayDoolittleMember" xlink:to="pld_EastBayDoolittleMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_EastGrandAirfreightMember" xlink:label="pld_EastGrandAirfreightMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_EastGrandAirfreightMember_lbl" xml:lang="en-US" id="id_5214848_1528975_3_1">East Grand Airfreight [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_EastGrandAirfreightMember_lbl" xml:lang="en-US" id="id_5214848_1528975_1_1">East Grand Airfreight [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_EastGrandAirfreightMember_lbl" xml:lang="en-US" id="id_5214848_1528975_2_1">East Grand Airfreight [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_EastGrandAirfreightMember" xlink:to="pld_EastGrandAirfreightMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_EastsideDistributionCenterMember" xlink:label="pld_EastsideDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_EastsideDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1528244_3_1">Eastside distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_EastsideDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1528244_1_1">Eastside Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_EastsideDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1528244_2_1">Eastside Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_EastsideDistributionCenterMember" xlink:to="pld_EastsideDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_EastValleyWarehouseMember" xlink:label="pld_EastValleyWarehouseMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_EastValleyWarehouseMember_lbl" xml:lang="en-US" id="id_5214848_1320021_3_1">East Valley Warehouse [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_EastValleyWarehouseMember_lbl" xml:lang="en-US" id="id_5214848_1320021_1_1">East Valley Warehouse [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_EastValleyWarehouseMember_lbl" xml:lang="en-US" id="id_5214848_1320021_2_1">East Valley Warehouse [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_EastValleyWarehouseMember" xlink:to="pld_EastValleyWarehouseMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_EavesDistributionCenterMember" xlink:label="pld_EavesDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_EavesDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1534569_3_1">Eaves Distribution Center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_EavesDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1534569_1_1">Eaves Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_EavesDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1534569_2_1">Eaves Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_EavesDistributionCenterMember" xlink:to="pld_EavesDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_EdgewaterIndustrialCenterMember" xlink:label="pld_EdgewaterIndustrialCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_EdgewaterIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1511339_3_1">Edgewater Industrial Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_EdgewaterIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1511339_1_1">Edgewater Industrial Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_EdgewaterIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1511339_2_1">Edgewater Industrial Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_EdgewaterIndustrialCenterMember" xlink:to="pld_EdgewaterIndustrialCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents" xlink:label="us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents_lbl" xml:lang="en-US" id="id_5214848_1285368_1_1">Effect of Exchange Rate on Cash and Cash Equivalents</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents_lbl" xml:lang="en-US" id="id_5214848_1285368_2_1">Effect of foreign currency exchange rate changes on cash</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents" xlink:to="us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_EigenbrodtWayDistributionCenterMember" xlink:label="pld_EigenbrodtWayDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_EigenbrodtWayDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1301982_3_1">Eigenbrodt way distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_EigenbrodtWayDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1301982_1_1">Eigenbrodt Way Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_EigenbrodtWayDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1301982_2_1">Eigenbrodt Way Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_EigenbrodtWayDistributionCenterMember" xlink:to="pld_EigenbrodtWayDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_EisenhauerDistributionCenterMember" xlink:label="pld_EisenhauerDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_EisenhauerDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1385896_3_1">Eisenhauer Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_EisenhauerDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1385896_1_1">Eisenhauer Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_EisenhauerDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1385896_2_1">Eisenhauer Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_EisenhauerDistributionCenterMember" xlink:to="pld_EisenhauerDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ElamFarmsParkMember" xlink:label="pld_ElamFarmsParkMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ElamFarmsParkMember_lbl" xml:lang="en-US" id="id_5214848_1445439_3_1">Elam Farms Park [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ElamFarmsParkMember_lbl" xml:lang="en-US" id="id_5214848_1445439_1_1">Elam Farms Park [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ElamFarmsParkMember_lbl" xml:lang="en-US" id="id_5214848_1445439_2_1">Elam Farms Park [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ElamFarmsParkMember" xlink:to="pld_ElamFarmsParkMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ElkGroveDistributionCenterMember" xlink:label="pld_ElkGroveDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ElkGroveDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1519120_3_1">Elk grove distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ElkGroveDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1519120_1_1">Elk Grove Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ElkGroveDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1519120_2_1">Elk Grove Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ElkGroveDistributionCenterMember" xlink:to="pld_ElkGroveDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ElkGroveDuPageMember" xlink:label="pld_ElkGroveDuPageMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ElkGroveDuPageMember_lbl" xml:lang="en-US" id="id_5214848_1382194_3_1">Elk Grove Du Page [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ElkGroveDuPageMember_lbl" xml:lang="en-US" id="id_5214848_1382194_1_1">Elk Grove Du Page [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ElkGroveDuPageMember_lbl" xml:lang="en-US" id="id_5214848_1382194_2_1">Elk Grove Du Page [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ElkGroveDuPageMember" xlink:to="pld_ElkGroveDuPageMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ElkGroveVillageSgMember" xlink:label="pld_ElkGroveVillageSgMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ElkGroveVillageSgMember_lbl" xml:lang="en-US" id="id_5214848_1450753_3_1">Elk Grove Village SG [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ElkGroveVillageSgMember_lbl" xml:lang="en-US" id="id_5214848_1450753_1_1">Elk Grove Village SG [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ElkGroveVillageSgMember_lbl" xml:lang="en-US" id="id_5214848_1450753_2_1">Elk Grove Village SG [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ElkGroveVillageSgMember" xlink:to="pld_ElkGroveVillageSgMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ElmhurstDistributionCenterMember" xlink:label="pld_ElmhurstDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ElmhurstDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1315783_3_1">Elmhurst distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ElmhurstDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1315783_1_1">Elmhurst Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ElmhurstDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1315783_2_1">Elmhurst Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ElmhurstDistributionCenterMember" xlink:to="pld_ElmhurstDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ElPasoTexasMember" xlink:label="pld_ElPasoTexasMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ElPasoTexasMember_lbl" xml:lang="en-US" id="id_5214848_1322228_3_1">El Paso Texas.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ElPasoTexasMember_lbl" xml:lang="en-US" id="id_5214848_1322228_1_1">El Paso Texas [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ElPasoTexasMember_lbl" xml:lang="en-US" id="id_5214848_1322228_2_1">El Paso, Texas [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ElPasoTexasMember" xlink:to="pld_ElPasoTexasMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ElPuenteIndustrialCenterMember" xlink:label="pld_ElPuenteIndustrialCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ElPuenteIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1512634_3_1">El Puente industrial center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ElPuenteIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1512634_1_1">El Puente Industrial Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ElPuenteIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1512634_2_1">El Puente Industrial Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ElPuenteIndustrialCenterMember" xlink:to="pld_ElPuenteIndustrialCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability" xlink:label="us-gaap_EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability_lbl" xml:lang="en-US" id="id_5214848_1282865_1_1">Embedded Derivative, Fair Value of Embedded Derivative Liability</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability_lbl" xml:lang="en-US" id="id_5214848_1282865_2_1">Fair Value Of Derivative Instruments</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability" xlink:to="us-gaap_EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized" xlink:label="us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized_lbl" xml:lang="en-US" id="id_5214848_1287944_1_1">Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized_lbl" xml:lang="en-US" id="id_5214848_1287944_2_1">Compensation cost</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized" xlink:to="us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1" xlink:label="us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1_lbl" xml:lang="en-US" id="id_5214848_1272251_1_1">Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1_lbl" xml:lang="en-US" id="id_5214848_1272251_2_1">Remaining weighted average period</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1" xlink:to="us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityCentralIndexKey" xlink:label="dei_EntityCentralIndexKey"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCentralIndexKey_lbl" xml:lang="en-US" id="id_5214848_1278115_1_1">Entity Central Index Key</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_EntityCentralIndexKey_lbl" xml:lang="en-US" id="id_5214848_1278115_2_1">Entity Central Index Key</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCentralIndexKey" xlink:to="dei_EntityCentralIndexKey_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityCommonStockSharesOutstanding" xlink:label="dei_EntityCommonStockSharesOutstanding"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCommonStockSharesOutstanding_lbl" xml:lang="en-US" id="id_5214848_1276513_1_1">Entity Common Stock, Shares Outstanding</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_EntityCommonStockSharesOutstanding_lbl" xml:lang="en-US" id="id_5214848_1276513_2_1">Entity Common Stock, Shares Outstanding</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCommonStockSharesOutstanding" xlink:to="dei_EntityCommonStockSharesOutstanding_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityCurrentReportingStatus" xlink:label="dei_EntityCurrentReportingStatus"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCurrentReportingStatus_lbl" xml:lang="en-US" id="id_5214848_1281311_1_1">Entity Current Reporting Status</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_EntityCurrentReportingStatus_lbl" xml:lang="en-US" id="id_5214848_1281311_2_1">Entity Current Reporting Status</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCurrentReportingStatus" xlink:to="dei_EntityCurrentReportingStatus_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="dei_EntityDomain"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityDomain_lbl" xml:lang="en-US" id="id_5214848_1273139_1_1">Entity [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_EntityDomain_lbl" xml:lang="en-US" id="id_5214848_1273139_2_1">Entity [Domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityDomain" xlink:to="dei_EntityDomain_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityFilerCategory" xlink:label="dei_EntityFilerCategory"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityFilerCategory_lbl" xml:lang="en-US" id="id_5214848_1271511_1_1">Entity Filer Category</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_EntityFilerCategory_lbl" xml:lang="en-US" id="id_5214848_1271511_2_1">Entity Filer Category</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityFilerCategory" xlink:to="dei_EntityFilerCategory_lbl"/>
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    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_EquityMethodInvestmentSummarizedFinancialInformationOfCompanyWeightedAverageOwnership" xlink:label="pld_EquityMethodInvestmentSummarizedFinancialInformationOfCompanyWeightedAverageOwnership"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_EquityMethodInvestmentSummarizedFinancialInformationOfCompanyWeightedAverageOwnership_lbl" xml:lang="en-US" id="id_5214848_1433089_3_1">Prologis weighted average ownership interest based on contribution of total assets, before depreciation and other liabilities.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_EquityMethodInvestmentSummarizedFinancialInformationOfCompanyWeightedAverageOwnership_lbl" xml:lang="en-US" id="id_5214848_1433089_1_1">Equity Method Investment Summarized Financial Information Of Company Weighted Average Ownership</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_EquityMethodInvestmentSummarizedFinancialInformationOfCompanyWeightedAverageOwnership_lbl" xml:lang="en-US" id="id_5214848_1433089_2_1">Our weighted average ownership</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_EquityMethodInvestmentSummarizedFinancialInformationOfCompanyWeightedAverageOwnership" xlink:to="pld_EquityMethodInvestmentSummarizedFinancialInformationOfCompanyWeightedAverageOwnership_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquityMethodInvestmentSummarizedFinancialInformationRevenue" xlink:label="us-gaap_EquityMethodInvestmentSummarizedFinancialInformationRevenue"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EquityMethodInvestmentSummarizedFinancialInformationRevenue_lbl" xml:lang="en-US" id="id_5214848_1284194_1_1">Equity Method Investment, Summarized Financial Information, Revenue</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_EquityMethodInvestmentSummarizedFinancialInformationRevenue_lbl" xml:lang="en-US" id="id_5214848_1284194_2_1">Revenues</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquityMethodInvestmentSummarizedFinancialInformationRevenue" xlink:to="us-gaap_EquityMethodInvestmentSummarizedFinancialInformationRevenue_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_EquityMethodInvestmentSummarizedFinancialInformationThirdPartyDebt" xlink:label="pld_EquityMethodInvestmentSummarizedFinancialInformationThirdPartyDebt"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_EquityMethodInvestmentSummarizedFinancialInformationThirdPartyDebt_lbl" xml:lang="en-US" id="id_5214848_1510279_3_1">Third party debt of unconsolidated co-investment ventures.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_EquityMethodInvestmentSummarizedFinancialInformationThirdPartyDebt_lbl" xml:lang="en-US" id="id_5214848_1510279_1_1">Equity Method Investment Summarized Financial Information Third Party Debt</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_EquityMethodInvestmentSummarizedFinancialInformationThirdPartyDebt_lbl" xml:lang="en-US" id="id_5214848_1510279_2_1">Third-party debt</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_EquityMethodInvestmentSummarizedFinancialInformationThirdPartyDebt" xlink:to="pld_EquityMethodInvestmentSummarizedFinancialInformationThirdPartyDebt_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_EquitySecuritiesDistributionsPaidOrPayablePerUnitTableTextBlock" xlink:label="pld_EquitySecuritiesDistributionsPaidOrPayablePerUnitTableTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_EquitySecuritiesDistributionsPaidOrPayablePerUnitTableTextBlock_lbl" xml:lang="en-US" id="id_5214848_1332619_3_1">Equity securities distributions paid or payable per unit.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_EquitySecuritiesDistributionsPaidOrPayablePerUnitTableTextBlock_lbl" xml:lang="en-US" id="id_5214848_1332619_1_1">Equity Securities Distributions Paid Or Payable Per Unit Table [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_EquitySecuritiesDistributionsPaidOrPayablePerUnitTableTextBlock_lbl" xml:lang="en-US" id="id_5214848_1332619_2_1">Equity Securities Distributions Paid or Payable Per Unit</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_EquitySecuritiesDistributionsPaidOrPayablePerUnitTableTextBlock" xlink:to="pld_EquitySecuritiesDistributionsPaidOrPayablePerUnitTableTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/country/2013/country-2013-01-31.xsd#country_ES" xlink:label="country_ES"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_ES_lbl" xml:lang="en-US" id="id_5214848_1279644_1_1">SPAIN</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="country_ES_lbl" xml:lang="en-US" id="id_5214848_1279644_2_1">Spain [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_ES" xlink:to="country_ES_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_EtnaDistributionCenterMember" xlink:label="pld_EtnaDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_EtnaDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1526897_3_1">Etna distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_EtnaDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1526897_1_1">Etna Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_EtnaDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1526897_2_1">Etna Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_EtnaDistributionCenterMember" xlink:to="pld_EtnaDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/currency/2014/currency-2014-01-31.xsd#currency_EUR" xlink:label="currency_EUR"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="currency_EUR_lbl" xml:lang="en-US" id="id_5214848_1280115_1_1">Euro Member Countries, Euro</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="currency_EUR_lbl" xml:lang="en-US" id="id_5214848_1280115_2_1">Euro [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="currency_EUR" xlink:to="currency_EUR_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_EuroForwardContractsMember" xlink:label="pld_EuroForwardContractsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_EuroForwardContractsMember_lbl" xml:lang="en-US" id="id_5214848_1522465_3_1">Euro Forward Contracts [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_EuroForwardContractsMember_lbl" xml:lang="en-US" id="id_5214848_1522465_1_1">Euro Forward Contracts [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_EuroForwardContractsMember_lbl" xml:lang="en-US" id="id_5214848_1522465_2_1">Euro Forward Contracts [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_EuroForwardContractsMember" xlink:to="pld_EuroForwardContractsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_EuropeanMarketsMember" xlink:label="pld_EuropeanMarketsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_EuropeanMarketsMember_lbl" xml:lang="en-US" id="id_5214848_1353476_3_1">European markets.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_EuropeanMarketsMember_lbl" xml:lang="en-US" id="id_5214848_1353476_1_1">European Markets [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_EuropeanMarketsMember_lbl" xml:lang="en-US" id="id_5214848_1353476_2_1">European Markets [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_EuropeanMarketsMember" xlink:to="pld_EuropeanMarketsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_EuropeLogisticsVentureOneMember" xlink:label="pld_EuropeLogisticsVentureOneMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_EuropeLogisticsVentureOneMember_lbl" xml:lang="en-US" id="id_5214848_1542693_3_1">Prologis Europe Logistics venture one.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_EuropeLogisticsVentureOneMember_lbl" xml:lang="en-US" id="id_5214848_1542693_1_1">Europe Logistics Venture One [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_EuropeLogisticsVentureOneMember_lbl" xml:lang="en-US" id="id_5214848_1542693_2_1">Europe Logistics Venture 1 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_EuropeLogisticsVentureOneMember" xlink:to="pld_EuropeLogisticsVentureOneMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EuropeMember" xlink:label="us-gaap_EuropeMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EuropeMember_lbl" xml:lang="en-US" id="id_5214848_1270636_1_1">Europe [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_EuropeMember_lbl" xml:lang="en-US" id="id_5214848_1270636_2_1">Europe [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EuropeMember" xlink:to="us-gaap_EuropeMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_EuropePrivateCapitalSegmentMember" xlink:label="pld_EuropePrivateCapitalSegmentMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_EuropePrivateCapitalSegmentMember_lbl" xml:lang="en-US" id="id_5214848_1478943_3_1">Europe Private Capital Segment.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_EuropePrivateCapitalSegmentMember_lbl" xml:lang="en-US" id="id_5214848_1478943_1_1">Europe Private Capital Segment [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_EuropePrivateCapitalSegmentMember_lbl" xml:lang="en-US" id="id_5214848_1478943_2_1">Europe Private Capital Segment [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_EuropePrivateCapitalSegmentMember" xlink:to="pld_EuropePrivateCapitalSegmentMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_EuroPutOptionsMember" xlink:label="pld_EuroPutOptionsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_EuroPutOptionsMember_lbl" xml:lang="en-US" id="id_5214848_1575608_3_1">Euro Put Options [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_EuroPutOptionsMember_lbl" xml:lang="en-US" id="id_5214848_1575608_1_1">Euro Put Options [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_EuroPutOptionsMember_lbl" xml:lang="en-US" id="id_5214848_1575608_2_1">Euro Options Contracts [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_EuroPutOptionsMember" xlink:to="pld_EuroPutOptionsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_EuroTermLoanMember" xlink:label="pld_EuroTermLoanMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_EuroTermLoanMember_lbl" xml:lang="en-US" id="id_5214848_1434408_3_1">Euro Term Loan [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_EuroTermLoanMember_lbl" xml:lang="en-US" id="id_5214848_1434408_1_1">Euro Term Loan [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_EuroTermLoanMember_lbl" xml:lang="en-US" id="id_5214848_1434408_2_1">Euro Term Loan [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_EuroTermLoanMember" xlink:to="pld_EuroTermLoanMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ExchangeableNotesMember" xlink:label="pld_ExchangeableNotesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ExchangeableNotesMember_lbl" xml:lang="en-US" id="id_5214848_1468001_3_1">Exchangeable Notes.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ExchangeableNotesMember_lbl" xml:lang="en-US" id="id_5214848_1468001_1_1">Exchangeable Notes [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ExchangeableNotesMember_lbl" xml:lang="en-US" id="id_5214848_1468001_2_1">Exchangeable Notes [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ExchangeableNotesMember" xlink:to="pld_ExchangeableNotesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ExchangeableSeniorNotesMember" xlink:label="pld_ExchangeableSeniorNotesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ExchangeableSeniorNotesMember_lbl" xml:lang="en-US" id="id_5214848_1526035_3_1">Exchangeable Senior Notes [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ExchangeableSeniorNotesMember_lbl" xml:lang="en-US" id="id_5214848_1526035_1_1">Exchangeable Senior Notes [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ExchangeableSeniorNotesMember_lbl" xml:lang="en-US" id="id_5214848_1526035_2_1">Exchangeable Senior Notes [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ExchangeableSeniorNotesMember" xlink:to="pld_ExchangeableSeniorNotesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ExchangeableSeniorNotesOutstanding" xlink:label="pld_ExchangeableSeniorNotesOutstanding"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ExchangeableSeniorNotesOutstanding_lbl" xml:lang="en-US" id="id_5214848_1332899_3_1">Exchangeable senior notes outstanding.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ExchangeableSeniorNotesOutstanding_lbl" xml:lang="en-US" id="id_5214848_1332899_1_1">Exchangeable Senior Notes Outstanding</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ExchangeableSeniorNotesOutstanding_lbl" xml:lang="en-US" id="id_5214848_1332899_2_1">Exchangeable Senior Notes Outstanding</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ExchangeableSeniorNotesOutstanding" xlink:to="pld_ExchangeableSeniorNotesOutstanding_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ExecutiveDriveMember" xlink:label="pld_ExecutiveDriveMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ExecutiveDriveMember_lbl" xml:lang="en-US" id="id_5214848_1300316_3_1">Executive Drive [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ExecutiveDriveMember_lbl" xml:lang="en-US" id="id_5214848_1300316_1_1">Executive Drive [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ExecutiveDriveMember_lbl" xml:lang="en-US" id="id_5214848_1300316_2_1">Executive Drive [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ExecutiveDriveMember" xlink:to="pld_ExecutiveDriveMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ExitEightDistributionCenterMember" xlink:label="pld_ExitEightDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ExitEightDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1458592_3_1">Exit eight a distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ExitEightDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1458592_1_1">Exit Eight Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ExitEightDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1458592_2_1">Exit 8A Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ExitEightDistributionCenterMember" xlink:to="pld_ExitEightDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ExitTenDistributionCenterMember" xlink:label="pld_ExitTenDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ExitTenDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1494402_3_1">Exit ten distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ExitTenDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1494402_1_1">Exit Ten Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ExitTenDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1494402_2_1">Exit 10 Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ExitTenDistributionCenterMember" xlink:to="pld_ExitTenDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ExtinguishmentOfDebtGainLossNetOfTax" xlink:label="us-gaap_ExtinguishmentOfDebtGainLossNetOfTax"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ExtinguishmentOfDebtGainLossNetOfTax_lbl" xml:lang="en-US" id="id_5214848_1283277_1_1">Extinguishment of Debt, Gain (Loss), Net of Tax</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ExtinguishmentOfDebtGainLossNetOfTax_lbl" xml:lang="en-US" id="id_5214848_1283277_2_1">Gain (Loss) on Early Extinguishment of Debt, Net</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ExtinguishmentOfDebtGainLossNetOfTax" xlink:to="us-gaap_ExtinguishmentOfDebtGainLossNetOfTax_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_FairfieldCommCenterMember" xlink:label="pld_FairfieldCommCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_FairfieldCommCenterMember_lbl" xml:lang="en-US" id="id_5214848_1609653_3_1">Fairfield Comm Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_FairfieldCommCenterMember_lbl" xml:lang="en-US" id="id_5214848_1609653_1_1">Fairfield Comm Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_FairfieldCommCenterMember_lbl" xml:lang="en-US" id="id_5214848_1609653_2_1">Fairfield Comm Ctr [Member]</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValuesDerivativesBalanceSheetLocationByDerivativeContractTypeByHedgingDesignationTable_lbl" xml:lang="en-US" id="id_5214848_1275703_2_1">Fair Values Derivatives, Balance Sheet Location, by Derivative Contract Type [Table]</label>
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    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_FebruaryTwoThousandFourteenMember" xlink:label="pld_FebruaryTwoThousandFourteenMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_FebruaryTwoThousandFourteenMember_lbl" xml:lang="en-US" id="id_5214848_1486157_3_1">February Two Thousand Fourteen [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_FebruaryTwoThousandFourteenMember_lbl" xml:lang="en-US" id="id_5214848_1486157_1_1">February Two Thousand Fourteen [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_FebruaryTwoThousandFourteenMember_lbl" xml:lang="en-US" id="id_5214848_1486157_2_1">February 2014 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_FebruaryTwoThousandFourteenMember" xlink:to="pld_FebruaryTwoThousandFourteenMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FeesAndCommissionsOther" xlink:label="us-gaap_FeesAndCommissionsOther"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FeesAndCommissionsOther_lbl" xml:lang="en-US" id="id_5214848_1283710_1_1">Fees and Commissions, Other</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FeesAndCommissionsOther_lbl" xml:lang="en-US" id="id_5214848_1283710_2_1">Total strategic capital revenue</label>
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    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_FengxianLogisticsCMember" xlink:label="pld_FengxianLogisticsCMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_FengxianLogisticsCMember_lbl" xml:lang="en-US" id="id_5214848_1542436_3_1">Fengxian Logistics C.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_FengxianLogisticsCMember_lbl" xml:lang="en-US" id="id_5214848_1542436_1_1">Fengxian Logistics C [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_FengxianLogisticsCMember_lbl" xml:lang="en-US" id="id_5214848_1542436_2_1">Fengxian Logistics C [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_FengxianLogisticsCMember" xlink:to="pld_FengxianLogisticsCMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_FibraMember" xlink:label="pld_FibraMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_FibraMember_lbl" xml:lang="en-US" id="id_5214848_1572948_3_1">Fibra.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_FibraMember_lbl" xml:lang="en-US" id="id_5214848_1572948_1_1">Fibra [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_FibraMember_lbl" xml:lang="en-US" id="id_5214848_1572948_2_1">Fibra Prologis [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_FibraMember" xlink:to="pld_FibraMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_FibraPrologisMember" xlink:label="pld_FibraPrologisMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_FibraPrologisMember_lbl" xml:lang="en-US" id="id_5214848_1610231_3_1">Fibra Prologis [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_FibraPrologisMember_lbl" xml:lang="en-US" id="id_5214848_1610231_1_1">Fibra Prologis [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_FibraPrologisMember_lbl" xml:lang="en-US" id="id_5214848_1610231_2_1">Fibra Prologis [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_FibraPrologisMember" xlink:to="pld_FibraPrologisMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_FifeDistributionCenterMember" xlink:label="pld_FifeDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_FifeDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1485168_3_1">Fife Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_FifeDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1485168_1_1">Fife Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_FifeDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1485168_2_1">Fife Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_FifeDistributionCenterMember" xlink:to="pld_FifeDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive_lbl" xml:lang="en-US" id="id_5214848_1287467_1_1">Finite-Lived Intangible Assets, Amortization Expense, after Year Five</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive_lbl" xml:lang="en-US" id="id_5214848_1287467_2_1">Amortization Expense Thereafter</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive" xlink:to="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths_lbl" xml:lang="en-US" id="id_5214848_1288470_1_1">Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths_lbl" xml:lang="en-US" id="id_5214848_1288470_2_1">Amortization Expense 2015</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths" xlink:to="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive_lbl" xml:lang="en-US" id="id_5214848_1286975_1_1">Finite-Lived Intangible Assets, Amortization Expense, Year Five</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive_lbl" xml:lang="en-US" id="id_5214848_1286975_2_1">Amortization Expense 2019</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive" xlink:to="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour_lbl" xml:lang="en-US" id="id_5214848_1285405_1_1">Finite-Lived Intangible Assets, Amortization Expense, Year Four</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour_lbl" xml:lang="en-US" id="id_5214848_1285405_2_1">Amortization Expense 2018</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour" xlink:to="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree_lbl" xml:lang="en-US" id="id_5214848_1289004_1_1">Finite-Lived Intangible Assets, Amortization Expense, Year Three</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree_lbl" xml:lang="en-US" id="id_5214848_1289004_2_1">Amortization Expense 2017</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree" xlink:to="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo_lbl" xml:lang="en-US" id="id_5214848_1287977_1_1">Finite-Lived Intangible Assets, Amortization Expense, Year Two</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo_lbl" xml:lang="en-US" id="id_5214848_1287977_2_1">Amortization Expense 2016</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo" xlink:to="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsNet" xlink:label="us-gaap_FiniteLivedIntangibleAssetsNet"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FiniteLivedIntangibleAssetsNet_lbl" xml:lang="en-US" id="id_5214848_1286440_1_1">Finite-Lived Intangible Assets, Net</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FiniteLivedIntangibleAssetsNet_lbl" xml:lang="en-US" id="id_5214848_1286440_2_1">Expected future amortization of leasing commissions</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_FiniteLivedIntangibleAssetsNet_lbl" xml:lang="en-US" id="id_5214848_1286440_6_1">Amortization Expense Totals</label>
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    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_FixedAssetsOther" xlink:label="pld_FixedAssetsOther"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_FixedAssetsOther_lbl" xml:lang="en-US" id="id_5214848_1531590_3_1">Fixed Assets Other</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_FixedAssetsOther_lbl" xml:lang="en-US" id="id_5214848_1531590_1_1">Fixed Assets Other</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_FixedAssetsOther_lbl" xml:lang="en-US" id="id_5214848_1531590_2_1">Fixed assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_FixedAssetsOther" xlink:to="pld_FixedAssetsOther_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_FlowerMoundDistributionCenterMember" xlink:label="pld_FlowerMoundDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_FlowerMoundDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1473195_3_1">Flower mound distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_FlowerMoundDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1473195_1_1">Flower Mound Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_FlowerMoundDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1473195_2_1">Flower Mound Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_FlowerMoundDistributionCenterMember" xlink:to="pld_FlowerMoundDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_FoothillBusinessCenterMember" xlink:label="pld_FoothillBusinessCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_FoothillBusinessCenterMember_lbl" xml:lang="en-US" id="id_5214848_1424348_3_1">Foothill Business Center[Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_FoothillBusinessCenterMember_lbl" xml:lang="en-US" id="id_5214848_1424348_1_1">Foothill Business Center[Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_FoothillBusinessCenterMember_lbl" xml:lang="en-US" id="id_5214848_1424348_2_1">Foothill Bus Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_FoothillBusinessCenterMember" xlink:to="pld_FoothillBusinessCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_FordDistributionCntrMember" xlink:label="pld_FordDistributionCntrMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_FordDistributionCntrMember_lbl" xml:lang="en-US" id="id_5214848_1486417_3_1">Ford Distribution Cntr.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_FordDistributionCntrMember_lbl" xml:lang="en-US" id="id_5214848_1486417_1_1">Ford Distribution Cntr [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_FordDistributionCntrMember_lbl" xml:lang="en-US" id="id_5214848_1486417_2_1">Ford Distribution Cntr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_FordDistributionCntrMember" xlink:to="pld_FordDistributionCntrMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_FordyceDistributionCenterMember" xlink:label="pld_FordyceDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_FordyceDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1294422_3_1">Fordyce Distribution Center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_FordyceDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1294422_1_1">Fordyce Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_FordyceDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1294422_2_1">Fordyce Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_FordyceDistributionCenterMember" xlink:to="pld_FordyceDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ForeignCurrencyDerivativesMember" xlink:label="pld_ForeignCurrencyDerivativesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ForeignCurrencyDerivativesMember_lbl" xml:lang="en-US" id="id_5214848_1569789_3_1">Foreign Currency Derivatives [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ForeignCurrencyDerivativesMember_lbl" xml:lang="en-US" id="id_5214848_1569789_1_1">Foreign Currency Derivatives [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ForeignCurrencyDerivativesMember_lbl" xml:lang="en-US" id="id_5214848_1569789_2_1">Foreign Currency Derivatives [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ForeignCurrencyDerivativesMember" xlink:to="pld_ForeignCurrencyDerivativesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ForeignCurrencyExchangeRateTranslation1" xlink:label="us-gaap_ForeignCurrencyExchangeRateTranslation1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ForeignCurrencyExchangeRateTranslation1_lbl" xml:lang="en-US" id="id_5214848_1269112_1_1">Foreign Currency Exchange Rate, Translation</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ForeignCurrencyExchangeRateTranslation1_lbl" xml:lang="en-US" id="id_5214848_1269112_2_1">Exchange rate</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ForeignCurrencyExchangeRateTranslation1" xlink:to="us-gaap_ForeignCurrencyExchangeRateTranslation1_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ForeignCurrencyOptionsEuroDenominatedMember" xlink:label="pld_ForeignCurrencyOptionsEuroDenominatedMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ForeignCurrencyOptionsEuroDenominatedMember_lbl" xml:lang="en-US" id="id_5214848_1592004_3_1">Foreign Currency Options Euro Denominated [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ForeignCurrencyOptionsEuroDenominatedMember_lbl" xml:lang="en-US" id="id_5214848_1592004_1_1">Foreign Currency Options Euro Denominated [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ForeignCurrencyOptionsEuroDenominatedMember_lbl" xml:lang="en-US" id="id_5214848_1592004_2_1">Foreign Currency Options - Euro Denominated [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ForeignCurrencyOptionsEuroDenominatedMember" xlink:to="pld_ForeignCurrencyOptionsEuroDenominatedMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ForeignCurrencyTransactionGainLossUnrealized" xlink:label="us-gaap_ForeignCurrencyTransactionGainLossUnrealized"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ForeignCurrencyTransactionGainLossUnrealized_lbl" xml:lang="en-US" id="id_5214848_1281877_1_1">Foreign Currency Transaction Gain (Loss), Unrealized</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_ForeignCurrencyTransactionGainLossUnrealized_lbl" xml:lang="en-US" id="id_5214848_1281877_14_1">Unrealized foreign currency and derivative losses (gains) and related amortization, net</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ForeignCurrencyTransactionGainLossUnrealized" xlink:to="us-gaap_ForeignCurrencyTransactionGainLossUnrealized_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock" xlink:label="us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock_lbl" xml:lang="en-US" id="id_5214848_1277346_1_1">Foreign Currency Transactions and Translations Policy [Policy Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock_lbl" xml:lang="en-US" id="id_5214848_1277346_2_1">Foreign Operations</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock" xlink:to="us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ForeignExchangeContractMember" xlink:label="us-gaap_ForeignExchangeContractMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ForeignExchangeContractMember_lbl" xml:lang="en-US" id="id_5214848_1270751_1_1">Foreign Exchange Contract [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ForeignExchangeContractMember_lbl" xml:lang="en-US" id="id_5214848_1270751_2_1">Foreign Currency Contracts [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ForeignExchangeContractMember" xlink:to="us-gaap_ForeignExchangeContractMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ForwardContractsMember" xlink:label="us-gaap_ForwardContractsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ForwardContractsMember_lbl" xml:lang="en-US" id="id_5214848_1280596_1_1">Forward Contracts [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ForwardContractsMember_lbl" xml:lang="en-US" id="id_5214848_1280596_2_1">Foreign Currency Forward Contracts [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ForwardContractsMember" xlink:to="us-gaap_ForwardContractsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/country/2013/country-2013-01-31.xsd#country_FR" xlink:label="country_FR"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_FR_lbl" xml:lang="en-US" id="id_5214848_1281284_1_1">FRANCE</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="country_FR_lbl" xml:lang="en-US" id="id_5214848_1281284_2_1">France [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_FR" xlink:to="country_FR_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_FranklinCommCtrMember" xlink:label="pld_FranklinCommCtrMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_FranklinCommCtrMember_lbl" xml:lang="en-US" id="id_5214848_1469473_3_1">Franklin Comm Ctr [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_FranklinCommCtrMember_lbl" xml:lang="en-US" id="id_5214848_1469473_1_1">Franklin Comm Ctr [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_FranklinCommCtrMember_lbl" xml:lang="en-US" id="id_5214848_1469473_2_1">Franklin Comm Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_FranklinCommCtrMember" xlink:to="pld_FranklinCommCtrMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_FreeportCorpCtrMember" xlink:label="pld_FreeportCorpCtrMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_FreeportCorpCtrMember_lbl" xml:lang="en-US" id="id_5214848_1489950_3_1">Freeport Corp Ctr [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_FreeportCorpCtrMember_lbl" xml:lang="en-US" id="id_5214848_1489950_1_1">Freeport Corp Ctr [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_FreeportCorpCtrMember_lbl" xml:lang="en-US" id="id_5214848_1489950_2_1">Freeport Corp Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_FreeportCorpCtrMember" xlink:to="pld_FreeportCorpCtrMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_FreeportDistributionCenterMember" xlink:label="pld_FreeportDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_FreeportDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1333406_3_1">Freeport distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_FreeportDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1333406_1_1">Freeport Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_FreeportDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1333406_2_1">Freeport Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_FreeportDistributionCenterMember" xlink:to="pld_FreeportDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_FundPartnerMember" xlink:label="pld_FundPartnerMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_FundPartnerMember_lbl" xml:lang="en-US" id="id_5214848_1395628_3_1">Fund partner.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_FundPartnerMember_lbl" xml:lang="en-US" id="id_5214848_1395628_1_1">Fund Partner [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_FundPartnerMember_lbl" xml:lang="en-US" id="id_5214848_1395628_2_1">Venture Partners [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_FundPartnerMember" xlink:to="pld_FundPartnerMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_GainLossOnDispositionsOfProperty" xlink:label="pld_GainLossOnDispositionsOfProperty"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_GainLossOnDispositionsOfProperty_lbl" xml:lang="en-US" id="id_5214848_1340711_3_1">Gain Loss On Dispositions Of Property</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_GainLossOnDispositionsOfProperty_lbl" xml:lang="en-US" id="id_5214848_1340711_1_1">Gain Loss On Dispositions Of Property</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_GainLossOnDispositionsOfProperty_lbl" xml:lang="en-US" id="id_5214848_1340711_2_1">Gain (Loss) on disposition of property</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_GainLossOnDispositionsOfProperty" xlink:to="pld_GainLossOnDispositionsOfProperty_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GainLossOnFairValueHedgesRecognizedInEarnings" xlink:label="us-gaap_GainLossOnFairValueHedgesRecognizedInEarnings"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_GainLossOnFairValueHedgesRecognizedInEarnings_lbl" xml:lang="en-US" id="id_5214848_1282807_1_1">Gain (Loss) on Fair Value Hedges Recognized in Earnings</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_GainLossOnFairValueHedgesRecognizedInEarnings_lbl" xml:lang="en-US" id="id_5214848_1282807_6_1">Total gain on derivative and non-derivative instruments</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GainLossOnFairValueHedgesRecognizedInEarnings" xlink:to="us-gaap_GainLossOnFairValueHedgesRecognizedInEarnings_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_GainLossOnForeignCurrencyAndDerivativeContractsAndRelatedAmortization" xlink:label="pld_GainLossOnForeignCurrencyAndDerivativeContractsAndRelatedAmortization"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_GainLossOnForeignCurrencyAndDerivativeContractsAndRelatedAmortization_lbl" xml:lang="en-US" id="id_5214848_1576078_3_1">Amount before tax of gain (loss) on foreign currency and derivative transactions, net of their related amortization.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_GainLossOnForeignCurrencyAndDerivativeContractsAndRelatedAmortization_lbl" xml:lang="en-US" id="id_5214848_1576078_1_1">Gain Loss On Foreign Currency And Derivative Contracts And Related Amortization</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_GainLossOnForeignCurrencyAndDerivativeContractsAndRelatedAmortization_lbl" xml:lang="en-US" id="id_5214848_1576078_2_1">Foreign currency and derivative gains (losses) and related amortization, net</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="pld_GainLossOnForeignCurrencyAndDerivativeContractsAndRelatedAmortization_lbl" xml:lang="en-US" id="id_5214848_1576078_12_1">Foreign currency and derivative losses and related amortization, net</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_GainLossOnForeignCurrencyAndDerivativeContractsAndRelatedAmortization" xlink:to="pld_GainLossOnForeignCurrencyAndDerivativeContractsAndRelatedAmortization_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GainLossOnSaleOfDerivatives" xlink:label="us-gaap_GainLossOnSaleOfDerivatives"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_GainLossOnSaleOfDerivatives_lbl" xml:lang="en-US" id="id_5214848_1281858_1_1">Gain (Loss) on Sale of Derivatives</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_GainLossOnSaleOfDerivatives_lbl" xml:lang="en-US" id="id_5214848_1281858_2_1">Gain (Loss) on settlement of derivatives</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GainLossOnSaleOfDerivatives" xlink:to="us-gaap_GainLossOnSaleOfDerivatives_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GainLossOnSaleOfStockInSubsidiaryOrEquityMethodInvestee" xlink:label="us-gaap_GainLossOnSaleOfStockInSubsidiaryOrEquityMethodInvestee"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_GainLossOnSaleOfStockInSubsidiaryOrEquityMethodInvestee_lbl" xml:lang="en-US" id="id_5214848_1284149_1_1">Gain (Loss) on Disposition of Stock in Subsidiary or Equity Method Investee</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_GainLossOnSaleOfStockInSubsidiaryOrEquityMethodInvestee_lbl" xml:lang="en-US" id="id_5214848_1284149_2_1">Gain recognized on disposition of investments in real estate</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GainLossOnSaleOfStockInSubsidiaryOrEquityMethodInvestee" xlink:to="us-gaap_GainLossOnSaleOfStockInSubsidiaryOrEquityMethodInvestee_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GainLossOnSalesOfAssetsAndAssetImpairmentCharges" xlink:label="us-gaap_GainLossOnSalesOfAssetsAndAssetImpairmentCharges"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_GainLossOnSalesOfAssetsAndAssetImpairmentCharges_lbl" xml:lang="en-US" id="id_5214848_1282349_1_1">Gain (Loss) on Sale of Assets and Asset Impairment Charges</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_GainLossOnSalesOfAssetsAndAssetImpairmentCharges_lbl" xml:lang="en-US" id="id_5214848_1282349_14_1">Impairment of real estate properties and other assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GainLossOnSalesOfAssetsAndAssetImpairmentCharges" xlink:to="us-gaap_GainLossOnSalesOfAssetsAndAssetImpairmentCharges_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GainsLossesOnExtinguishmentOfDebt" xlink:label="us-gaap_GainsLossesOnExtinguishmentOfDebt"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_GainsLossesOnExtinguishmentOfDebt_lbl" xml:lang="en-US" id="id_5214848_1285012_1_1">Gains (Losses) on Extinguishment of Debt</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_GainsLossesOnExtinguishmentOfDebt_lbl" xml:lang="en-US" id="id_5214848_1285012_2_1">Losses on early extinguishment of debt, net</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_GainsLossesOnExtinguishmentOfDebt_lbl" xml:lang="en-US" id="id_5214848_1285012_14_1">Loss on early extinguishment of debt</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="us-gaap_GainsLossesOnExtinguishmentOfDebt_lbl" xml:lang="en-US" id="id_5214848_1285012_18_1">Losses on early extinguishment of debt, net</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GainsLossesOnExtinguishmentOfDebt" xlink:to="us-gaap_GainsLossesOnExtinguishmentOfDebt_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_GainsLossesOnInvestmentAndForeignExchange" xlink:label="pld_GainsLossesOnInvestmentAndForeignExchange"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_GainsLossesOnInvestmentAndForeignExchange_lbl" xml:lang="en-US" id="id_5214848_1532015_3_1">Gains Losses On Investment And Foreign Exchange</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_GainsLossesOnInvestmentAndForeignExchange_lbl" xml:lang="en-US" id="id_5214848_1532015_1_1">Gains Losses On Investment And Foreign Exchange</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_GainsLossesOnInvestmentAndForeignExchange_lbl" xml:lang="en-US" id="id_5214848_1532015_2_1">Gains on foreign exchange transactions</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_GainsLossesOnInvestmentAndForeignExchange" xlink:to="pld_GainsLossesOnInvestmentAndForeignExchange_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GainsLossesOnSalesOfInvestmentRealEstate" xlink:label="us-gaap_GainsLossesOnSalesOfInvestmentRealEstate"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_GainsLossesOnSalesOfInvestmentRealEstate_lbl" xml:lang="en-US" id="id_5214848_1282806_1_1">Gains (Losses) on Sales of Investment Real Estate</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_GainsLossesOnSalesOfInvestmentRealEstate_lbl" xml:lang="en-US" id="id_5214848_1282806_2_1">Gains on revaluation of equity investments upon acquisition of a controlling interest</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_GainsLossesOnSalesOfInvestmentRealEstate_lbl" xml:lang="en-US" id="id_5214848_1282806_12_1">Net gains on contributions</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GainsLossesOnSalesOfInvestmentRealEstate" xlink:to="us-gaap_GainsLossesOnSalesOfInvestmentRealEstate_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_GatewayBusCtrMember" xlink:label="pld_GatewayBusCtrMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_GatewayBusCtrMember_lbl" xml:lang="en-US" id="id_5214848_1525273_3_1">Gateway Bus Ctr.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_GatewayBusCtrMember_lbl" xml:lang="en-US" id="id_5214848_1525273_1_1">Gateway Bus Ctr [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_GatewayBusCtrMember_lbl" xml:lang="en-US" id="id_5214848_1525273_2_1">Gateway Bus Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_GatewayBusCtrMember" xlink:to="pld_GatewayBusCtrMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_GatewayCorporateCenterMember" xlink:label="pld_GatewayCorporateCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_GatewayCorporateCenterMember_lbl" xml:lang="en-US" id="id_5214848_1320912_3_1">Gateway corporate center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_GatewayCorporateCenterMember_lbl" xml:lang="en-US" id="id_5214848_1320912_1_1">Gateway Corporate Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_GatewayCorporateCenterMember_lbl" xml:lang="en-US" id="id_5214848_1320912_2_1">Gateway Corporate Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_GatewayCorporateCenterMember" xlink:to="pld_GatewayCorporateCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_GatewayDistributionCenterMember" xlink:label="pld_GatewayDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_GatewayDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1303541_3_1">Gateway distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_GatewayDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1303541_1_1">Gateway Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_GatewayDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1303541_2_1">Gateway Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_GatewayDistributionCenterMember" xlink:to="pld_GatewayDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/country/2013/country-2013-01-31.xsd#country_GB" xlink:label="country_GB"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_GB_lbl" xml:lang="en-US" id="id_5214848_1278086_1_1">UNITED KINGDOM</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="country_GB_lbl" xml:lang="en-US" id="id_5214848_1278086_2_1">United Kingdom [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_GB" xlink:to="country_GB_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_GbpForwardContractsMember" xlink:label="pld_GbpForwardContractsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_GbpForwardContractsMember_lbl" xml:lang="en-US" id="id_5214848_1592316_3_1">Gbp Forward Contracts [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_GbpForwardContractsMember_lbl" xml:lang="en-US" id="id_5214848_1592316_1_1">Gbp Forward Contracts [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_GbpForwardContractsMember_lbl" xml:lang="en-US" id="id_5214848_1592316_2_1">GBP Forward Contracts [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_GbpForwardContractsMember" xlink:to="pld_GbpForwardContractsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GeneralAndAdministrativeExpense" xlink:label="us-gaap_GeneralAndAdministrativeExpense"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_GeneralAndAdministrativeExpense_lbl" xml:lang="en-US" id="id_5214848_1288487_1_1">General and Administrative Expense</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_GeneralAndAdministrativeExpense_lbl" xml:lang="en-US" id="id_5214848_1288487_2_1">General and administrative expenses</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_GeneralAndAdministrativeExpense_lbl" xml:lang="en-US" id="id_5214848_1288487_14_1">General and administrative expenses</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GeneralAndAdministrativeExpense" xlink:to="us-gaap_GeneralAndAdministrativeExpense_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GeneralPartnerMember" xlink:label="us-gaap_GeneralPartnerMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_GeneralPartnerMember_lbl" xml:lang="en-US" id="id_5214848_1272418_1_1">General Partner [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_GeneralPartnerMember_lbl" xml:lang="en-US" id="id_5214848_1272418_2_1">General Partner [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GeneralPartnerMember" xlink:to="us-gaap_GeneralPartnerMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GeneralPartnersCapitalAccount" xlink:label="us-gaap_GeneralPartnersCapitalAccount"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_GeneralPartnersCapitalAccount_lbl" xml:lang="en-US" id="id_5214848_1282342_1_1">General Partners' Capital Account</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_GeneralPartnersCapitalAccount_lbl" xml:lang="en-US" id="id_5214848_1282342_2_1">General partner</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GeneralPartnersCapitalAccount" xlink:to="us-gaap_GeneralPartnersCapitalAccount_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_GlendaleHeightsDistributionCenterMember" xlink:label="pld_GlendaleHeightsDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_GlendaleHeightsDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1565954_3_1">Glendale heights distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_GlendaleHeightsDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1565954_1_1">Glendale Heights Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_GlendaleHeightsDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1565954_2_1">Glendale Heights Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_GlendaleHeightsDistributionCenterMember" xlink:to="pld_GlendaleHeightsDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_GlobalCreditFacilityMember" xlink:label="pld_GlobalCreditFacilityMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_GlobalCreditFacilityMember_lbl" xml:lang="en-US" id="id_5214848_1553433_3_1">Global Credit Facility [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_GlobalCreditFacilityMember_lbl" xml:lang="en-US" id="id_5214848_1553433_1_1">Global Credit Facility [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_GlobalCreditFacilityMember_lbl" xml:lang="en-US" id="id_5214848_1553433_2_1">Global Facility [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_GlobalCreditFacilityMember" xlink:to="pld_GlobalCreditFacilityMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_GoldenValleyDistributionCenterMember" xlink:label="pld_GoldenValleyDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_GoldenValleyDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1362525_3_1">Golden valley distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_GoldenValleyDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1362525_1_1">Golden Valley Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_GoldenValleyDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1362525_2_1">Golden Valley Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_GoldenValleyDistributionCenterMember" xlink:to="pld_GoldenValleyDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_Goodwill" xlink:label="us-gaap_Goodwill"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_Goodwill_lbl" xml:lang="en-US" id="id_5214848_1285421_1_1">Goodwill</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_Goodwill_lbl" xml:lang="en-US" id="id_5214848_1285421_2_1">Goodwill</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Goodwill" xlink:to="us-gaap_Goodwill_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GoodwillAndIntangibleAssetImpairment" xlink:label="us-gaap_GoodwillAndIntangibleAssetImpairment"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_GoodwillAndIntangibleAssetImpairment_lbl" xml:lang="en-US" id="id_5214848_1288500_1_1">Goodwill and Intangible Asset Impairment</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_GoodwillAndIntangibleAssetImpairment_lbl" xml:lang="en-US" id="id_5214848_1288500_14_1">Impairment of other assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GoodwillAndIntangibleAssetImpairment" xlink:to="us-gaap_GoodwillAndIntangibleAssetImpairment_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract" xlink:label="us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract_lbl" xml:lang="en-US" id="id_5214848_1277372_1_1">Goodwill and Intangible Assets Disclosure [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract_lbl" xml:lang="en-US" id="id_5214848_1277372_2_1">Goodwill and Intangible Assets Disclosure [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract" xlink:to="us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_GothenburgDistributionCenterMember" xlink:label="pld_GothenburgDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_GothenburgDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1565225_3_1">Gothenburg Distribution Center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_GothenburgDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1565225_1_1">Gothenburg Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_GothenburgDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1565225_2_1">Gothenburg Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_GothenburgDistributionCenterMember" xlink:to="pld_GothenburgDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_GrangeParkMember" xlink:label="pld_GrangeParkMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_GrangeParkMember_lbl" xml:lang="en-US" id="id_5214848_1395706_3_1">Grange Park.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_GrangeParkMember_lbl" xml:lang="en-US" id="id_5214848_1395706_1_1">Grange Park [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_GrangeParkMember_lbl" xml:lang="en-US" id="id_5214848_1395706_2_1">Grange Park [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_GrangeParkMember" xlink:to="pld_GrangeParkMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_GraniteHillDistCenterMember" xlink:label="pld_GraniteHillDistCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_GraniteHillDistCenterMember_lbl" xml:lang="en-US" id="id_5214848_1329941_3_1">Granite Hill Dist Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_GraniteHillDistCenterMember_lbl" xml:lang="en-US" id="id_5214848_1329941_1_1">Granite Hill Dist Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_GraniteHillDistCenterMember_lbl" xml:lang="en-US" id="id_5214848_1329941_2_1">Granite Hill Dist. Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_GraniteHillDistCenterMember" xlink:to="pld_GraniteHillDistCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_GreaterDallasIndustrialPortMember" xlink:label="pld_GreaterDallasIndustrialPortMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_GreaterDallasIndustrialPortMember_lbl" xml:lang="en-US" id="id_5214848_1519659_3_1">Greater Dallas Industrial Port [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_GreaterDallasIndustrialPortMember_lbl" xml:lang="en-US" id="id_5214848_1519659_1_1">Greater Dallas Industrial Port [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_GreaterDallasIndustrialPortMember_lbl" xml:lang="en-US" id="id_5214848_1519659_2_1">Greater Dallas Industrial Port [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_GreaterDallasIndustrialPortMember" xlink:to="pld_GreaterDallasIndustrialPortMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_GreatSouthwestCorpCenterMember" xlink:label="pld_GreatSouthwestCorpCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_GreatSouthwestCorpCenterMember_lbl" xml:lang="en-US" id="id_5214848_1609656_3_1">Great Southwest Corp Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_GreatSouthwestCorpCenterMember_lbl" xml:lang="en-US" id="id_5214848_1609656_1_1">Great Southwest Corp Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_GreatSouthwestCorpCenterMember_lbl" xml:lang="en-US" id="id_5214848_1609656_2_1">Great Southwest Corp Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_GreatSouthwestCorpCenterMember" xlink:to="pld_GreatSouthwestCorpCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_GreatSouthwestDistributionCenterMember" xlink:label="pld_GreatSouthwestDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_GreatSouthwestDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1428946_3_1">Great southwest distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_GreatSouthwestDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1428946_1_1">Great Southwest Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_GreatSouthwestDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1428946_2_1">Great Southwest Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_GreatSouthwestDistributionCenterMember" xlink:to="pld_GreatSouthwestDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_GreenwoodIndustrialMember" xlink:label="pld_GreenwoodIndustrialMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_GreenwoodIndustrialMember_lbl" xml:lang="en-US" id="id_5214848_1480195_3_1">Greenwood Industrial [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_GreenwoodIndustrialMember_lbl" xml:lang="en-US" id="id_5214848_1480195_1_1">Greenwood Industrial [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_GreenwoodIndustrialMember_lbl" xml:lang="en-US" id="id_5214848_1480195_2_1">Greenwood Industrial [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_GreenwoodIndustrialMember" xlink:to="pld_GreenwoodIndustrialMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_GuadalajaraMember" xlink:label="pld_GuadalajaraMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_GuadalajaraMember_lbl" xml:lang="en-US" id="id_5214848_1566934_3_1">Guadalajara.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_GuadalajaraMember_lbl" xml:lang="en-US" id="id_5214848_1566934_1_1">Guadalajara [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_GuadalajaraMember_lbl" xml:lang="en-US" id="id_5214848_1566934_2_1">Guadalajara [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_GuadalajaraMember" xlink:to="pld_GuadalajaraMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_GurneeDistributionCenterMember" xlink:label="pld_GurneeDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_GurneeDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1609651_3_1">Gurnee Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_GurneeDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1609651_1_1">Gurnee Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_GurneeDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1609651_2_1">Gurnee Dist Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_GurneeDistributionCenterMember" xlink:to="pld_GurneeDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_HamptonCentralDistributionCenterMember" xlink:label="pld_HamptonCentralDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_HamptonCentralDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1609643_3_1">Hampton Central Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_HamptonCentralDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1609643_1_1">Hampton Central Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_HamptonCentralDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1609643_2_1">Hampton Central Dist Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_HamptonCentralDistributionCenterMember" xlink:to="pld_HamptonCentralDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_HarrisburgDistributionCenterMember" xlink:label="pld_HarrisburgDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_HarrisburgDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1508537_3_1">Harrisburg distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_HarrisburgDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1508537_1_1">Harrisburg Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_HarrisburgDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1508537_2_1">Harrisburg Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_HarrisburgDistributionCenterMember" xlink:to="pld_HarrisburgDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_HarrisburgIndustrialCenterMember" xlink:label="pld_HarrisburgIndustrialCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_HarrisburgIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1322230_3_1">Harrisburg industrial center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_HarrisburgIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1322230_1_1">Harrisburg Industrial Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_HarrisburgIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1322230_2_1">Harrisburg Industrial Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_HarrisburgIndustrialCenterMember" xlink:to="pld_HarrisburgIndustrialCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_HarrisBusCtrAllianceIiMember" xlink:label="pld_HarrisBusCtrAllianceIiMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_HarrisBusCtrAllianceIiMember_lbl" xml:lang="en-US" id="id_5214848_1463524_3_1">Harris Bus Ctr Alliance II.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_HarrisBusCtrAllianceIiMember_lbl" xml:lang="en-US" id="id_5214848_1463524_1_1">Harris Bus Ctr Alliance Ii [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_HarrisBusCtrAllianceIiMember_lbl" xml:lang="en-US" id="id_5214848_1463524_2_1">Harris Bus Ctr Alliance II [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_HarrisBusCtrAllianceIiMember" xlink:to="pld_HarrisBusCtrAllianceIiMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_HartsfieldEastDcMember" xlink:label="pld_HartsfieldEastDcMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_HartsfieldEastDcMember_lbl" xml:lang="en-US" id="id_5214848_1377458_3_1">Hartsfield East DC [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_HartsfieldEastDcMember_lbl" xml:lang="en-US" id="id_5214848_1377458_1_1">Hartsfield East DC [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_HartsfieldEastDcMember_lbl" xml:lang="en-US" id="id_5214848_1377458_2_1">Hartsfield East DC [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_HartsfieldEastDcMember" xlink:to="pld_HartsfieldEastDcMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_HarvestBusinessParkMember" xlink:label="pld_HarvestBusinessParkMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_HarvestBusinessParkMember_lbl" xml:lang="en-US" id="id_5214848_1440845_3_1">Harvest Business Park [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_HarvestBusinessParkMember_lbl" xml:lang="en-US" id="id_5214848_1440845_1_1">Harvest Business Park [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_HarvestBusinessParkMember_lbl" xml:lang="en-US" id="id_5214848_1440845_2_1">Harvest Business Park [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_HarvestBusinessParkMember" xlink:to="pld_HarvestBusinessParkMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_HausbruchIndCtrFiveSixFiveZeroMember" xlink:label="pld_HausbruchIndCtrFiveSixFiveZeroMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_HausbruchIndCtrFiveSixFiveZeroMember_lbl" xml:lang="en-US" id="id_5214848_1325792_3_1">Hausbruch Ind Ctr Five Six Five Zero.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_HausbruchIndCtrFiveSixFiveZeroMember_lbl" xml:lang="en-US" id="id_5214848_1325792_1_1">Hausbruch Ind Ctr Five Six Five Zero [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_HausbruchIndCtrFiveSixFiveZeroMember_lbl" xml:lang="en-US" id="id_5214848_1325792_2_1">Hausbruch Ind Ctr 5-650 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_HausbruchIndCtrFiveSixFiveZeroMember" xlink:to="pld_HausbruchIndCtrFiveSixFiveZeroMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_HausbruchIndCtrFourBMember" xlink:label="pld_HausbruchIndCtrFourBMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_HausbruchIndCtrFourBMember_lbl" xml:lang="en-US" id="id_5214848_1569267_3_1">Hausbruch Ind Ctr Four B.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_HausbruchIndCtrFourBMember_lbl" xml:lang="en-US" id="id_5214848_1569267_1_1">Hausbruch Ind Ctr Four B [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_HausbruchIndCtrFourBMember_lbl" xml:lang="en-US" id="id_5214848_1569267_2_1">Hausbruch Ind Ctr 4-B [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_HausbruchIndCtrFourBMember" xlink:to="pld_HausbruchIndCtrFourBMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_HavanaDistributionCenterMember" xlink:label="pld_HavanaDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_HavanaDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1609657_3_1">Havana Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_HavanaDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1609657_1_1">Havana Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_HavanaDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1609657_2_1">Havana Dist Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_HavanaDistributionCenterMember" xlink:to="pld_HavanaDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_HavenDistributionCenterMember" xlink:label="pld_HavenDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_HavenDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1445309_3_1">Haven distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_HavenDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1445309_1_1">Haven Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_HavenDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1445309_2_1">Haven Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_HavenDistributionCenterMember" xlink:to="pld_HavenDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_HaywardCommerceCenterMember" xlink:label="pld_HaywardCommerceCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_HaywardCommerceCenterMember_lbl" xml:lang="en-US" id="id_5214848_1561817_3_1">Hayward commerce center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_HaywardCommerceCenterMember_lbl" xml:lang="en-US" id="id_5214848_1561817_1_1">Hayward Commerce Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_HaywardCommerceCenterMember_lbl" xml:lang="en-US" id="id_5214848_1561817_2_1">Hayward Commerce Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_HaywardCommerceCenterMember" xlink:to="pld_HaywardCommerceCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_HaywardCommerceParkMember" xlink:label="pld_HaywardCommerceParkMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_HaywardCommerceParkMember_lbl" xml:lang="en-US" id="id_5214848_1610316_3_1">Hayward Commerce Park [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_HaywardCommerceParkMember_lbl" xml:lang="en-US" id="id_5214848_1610316_1_1">Hayward Commerce Park [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_HaywardCommerceParkMember_lbl" xml:lang="en-US" id="id_5214848_1610316_2_1">Hayward Commerce Park [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_HaywardCommerceParkMember" xlink:to="pld_HaywardCommerceParkMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_HaywardDistributionCenterMember" xlink:label="pld_HaywardDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_HaywardDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1348080_3_1">Hayward distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_HaywardDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1348080_1_1">Hayward Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_HaywardDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1348080_2_1">Hayward Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_HaywardDistributionCenterMember" xlink:to="pld_HaywardDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_HaywardIndHathawayMember" xlink:label="pld_HaywardIndHathawayMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_HaywardIndHathawayMember_lbl" xml:lang="en-US" id="id_5214848_1495555_3_1">Hayward Ind-Hathaway [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_HaywardIndHathawayMember_lbl" xml:lang="en-US" id="id_5214848_1495555_1_1">Hayward Ind Hathaway [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_HaywardIndHathawayMember_lbl" xml:lang="en-US" id="id_5214848_1495555_2_1">Hayward Ind-Hathaway [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_HaywardIndHathawayMember" xlink:to="pld_HaywardIndHathawayMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_HaywardIndustrialCenterMember" xlink:label="pld_HaywardIndustrialCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_HaywardIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1378958_3_1">Hayward industrial center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_HaywardIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1378958_1_1">Hayward Industrial Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_HaywardIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1378958_2_1">Hayward Industrial Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_HaywardIndustrialCenterMember" xlink:to="pld_HaywardIndustrialCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_HazelwoodDistributionCenterMember" xlink:label="pld_HazelwoodDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_HazelwoodDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1610192_3_1">Hazelwood Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_HazelwoodDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1610192_1_1">Hazelwood Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_HazelwoodDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1610192_2_1">Hazelwood Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_HazelwoodDistributionCenterMember" xlink:to="pld_HazelwoodDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_HeathrowPhase3DistributionCenterMember" xlink:label="pld_HeathrowPhase3DistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_HeathrowPhase3DistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1610302_3_1">Heathrow Phase3 Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_HeathrowPhase3DistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1610302_1_1">Heathrow Phase3 Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_HeathrowPhase3DistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1610302_2_1">Heathrow Phase 3 Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_HeathrowPhase3DistributionCenterMember" xlink:to="pld_HeathrowPhase3DistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HedgingDesignationAxis" xlink:label="us-gaap_HedgingDesignationAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_HedgingDesignationAxis_lbl" xml:lang="en-US" id="id_5214848_1270794_1_1">Hedging Designation [Axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_HedgingDesignationAxis_lbl" xml:lang="en-US" id="id_5214848_1270794_2_1">Hedging Designation [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_HedgingDesignationAxis" xlink:to="us-gaap_HedgingDesignationAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HedgingDesignationDomain" xlink:label="us-gaap_HedgingDesignationDomain"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_HedgingDesignationDomain_lbl" xml:lang="en-US" id="id_5214848_1274125_1_1">Hedging Designation [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_HedgingDesignationDomain_lbl" xml:lang="en-US" id="id_5214848_1274125_2_1">Hedging Designation [Domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_HedgingDesignationDomain" xlink:to="us-gaap_HedgingDesignationDomain_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HedgingRelationshipDomain" xlink:label="us-gaap_HedgingRelationshipDomain"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_HedgingRelationshipDomain_lbl" xml:lang="en-US" id="id_5214848_1280621_1_1">Hedging Relationship [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_HedgingRelationshipDomain_lbl" xml:lang="en-US" id="id_5214848_1280621_2_1">Hedging Relationship [Domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_HedgingRelationshipDomain" xlink:to="us-gaap_HedgingRelationshipDomain_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_HighwaySeventeenFiftyFiveMadisMember" xlink:label="pld_HighwaySeventeenFiftyFiveMadisMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_HighwaySeventeenFiftyFiveMadisMember_lbl" xml:lang="en-US" id="id_5214848_1401703_3_1">Highway Seventeen Fifty Five Madis [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_HighwaySeventeenFiftyFiveMadisMember_lbl" xml:lang="en-US" id="id_5214848_1401703_1_1">Highway Seventeen Fifty Five Madis [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_HighwaySeventeenFiftyFiveMadisMember_lbl" xml:lang="en-US" id="id_5214848_1401703_2_1">Highway 17 55 Madis [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_HighwaySeventeenFiftyFiveMadisMember" xlink:to="pld_HighwaySeventeenFiftyFiveMadisMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_HimbergDistributionCenterMember" xlink:label="pld_HimbergDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_HimbergDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1426043_3_1">Himberg distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_HimbergDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1426043_1_1">Himberg Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_HimbergDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1426043_2_1">Himberg D C [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_HimbergDistributionCenterMember" xlink:to="pld_HimbergDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_HintzBuildingMember" xlink:label="pld_HintzBuildingMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_HintzBuildingMember_lbl" xml:lang="en-US" id="id_5214848_1312705_3_1">Hintz Building [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_HintzBuildingMember_lbl" xml:lang="en-US" id="id_5214848_1312705_1_1">Hintz Building [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_HintzBuildingMember_lbl" xml:lang="en-US" id="id_5214848_1312705_2_1">Hintz Building [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_HintzBuildingMember" xlink:to="pld_HintzBuildingMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_HisayamaDistCtrMember" xlink:label="pld_HisayamaDistCtrMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_HisayamaDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1543737_3_1">Hisayama Dist Ctr [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_HisayamaDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1543737_1_1">Hisayama Dist Ctr [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_HisayamaDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1543737_2_1">Hisayama Dist Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_HisayamaDistCtrMember" xlink:to="pld_HisayamaDistCtrMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_HohokamTenBusinessCenterMember" xlink:label="pld_HohokamTenBusinessCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_HohokamTenBusinessCenterMember_lbl" xml:lang="en-US" id="id_5214848_1542328_3_1">Hohokam ten business center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_HohokamTenBusinessCenterMember_lbl" xml:lang="en-US" id="id_5214848_1542328_1_1">Hohokam Ten Business Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_HohokamTenBusinessCenterMember_lbl" xml:lang="en-US" id="id_5214848_1542328_2_1">Hohokam 10 Business Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_HohokamTenBusinessCenterMember" xlink:to="pld_HohokamTenBusinessCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_HorizonDistributionCenterMember" xlink:label="pld_HorizonDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_HorizonDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1476206_3_1">Horizon distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_HorizonDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1476206_1_1">Horizon Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_HorizonDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1476206_2_1">Horizon Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_HorizonDistributionCenterMember" xlink:to="pld_HorizonDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_HoustonTexasMember" xlink:label="pld_HoustonTexasMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_HoustonTexasMember_lbl" xml:lang="en-US" id="id_5214848_1455441_3_1">Houston, Texas.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_HoustonTexasMember_lbl" xml:lang="en-US" id="id_5214848_1455441_1_1">Houston Texas [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_HoustonTexasMember_lbl" xml:lang="en-US" id="id_5214848_1455441_2_1">Houston, Texas [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_HoustonTexasMember" xlink:to="pld_HoustonTexasMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/country/2013/country-2013-01-31.xsd#country_HU" xlink:label="country_HU"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_HU_lbl" xml:lang="en-US" id="id_5214848_1274865_1_1">HUNGARY</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="country_HU_lbl" xml:lang="en-US" id="id_5214848_1274865_2_1">Hungary [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_HU" xlink:to="country_HU_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_HuenxeDistributionCenterMember" xlink:label="pld_HuenxeDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_HuenxeDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1570538_3_1">Huenxe Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_HuenxeDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1570538_1_1">Huenxe Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_HuenxeDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1570538_2_1">Huenxe Dist Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_HuenxeDistributionCenterMember" xlink:to="pld_HuenxeDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_I81DistCtrMember" xlink:label="pld_I81DistCtrMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_I81DistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1610286_3_1">I81 Dist Ctr [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_I81DistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1610286_1_1">I81 Dist Ctr [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_I81DistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1610286_2_1">I-81 Dist Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_I81DistCtrMember" xlink:to="pld_I81DistCtrMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_IadCargoCenterFiveMember" xlink:label="pld_IadCargoCenterFiveMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_IadCargoCenterFiveMember_lbl" xml:lang="en-US" id="id_5214848_1382382_3_1">Iad cargo center five.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_IadCargoCenterFiveMember_lbl" xml:lang="en-US" id="id_5214848_1382382_1_1">Iad Cargo Center Five [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_IadCargoCenterFiveMember_lbl" xml:lang="en-US" id="id_5214848_1382382_2_1">IAD Cargo Center 5 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_IadCargoCenterFiveMember" xlink:to="pld_IadCargoCenterFiveMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_IahCargoCenterOneMember" xlink:label="pld_IahCargoCenterOneMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_IahCargoCenterOneMember_lbl" xml:lang="en-US" id="id_5214848_1497428_3_1">Iah Cargo Center One [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_IahCargoCenterOneMember_lbl" xml:lang="en-US" id="id_5214848_1497428_1_1">Iah Cargo Center One [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_IahCargoCenterOneMember_lbl" xml:lang="en-US" id="id_5214848_1497428_2_1">IAH Cargo Center 1 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_IahCargoCenterOneMember" xlink:to="pld_IahCargoCenterOneMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_IEightyMorrisMember" xlink:label="pld_IEightyMorrisMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_IEightyMorrisMember_lbl" xml:lang="en-US" id="id_5214848_1609652_3_1">I Eighty Morris [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_IEightyMorrisMember_lbl" xml:lang="en-US" id="id_5214848_1609652_1_1">I Eighty Morris [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_IEightyMorrisMember_lbl" xml:lang="en-US" id="id_5214848_1609652_2_1">I-80 Morris [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_IEightyMorrisMember" xlink:to="pld_IEightyMorrisMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_IFiftyFiveDistributionCenterMember" xlink:label="pld_IFiftyFiveDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_IFiftyFiveDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1422437_3_1">I fifty five distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_IFiftyFiveDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1422437_1_1">I Fifty Five Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_IFiftyFiveDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1422437_2_1">I-55 Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_IFiftyFiveDistributionCenterMember" xlink:to="pld_IFiftyFiveDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_IFortyIndustrialCenterMember" xlink:label="pld_IFortyIndustrialCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_IFortyIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1385568_3_1">I Forty Industrial Center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_IFortyIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1385568_1_1">I Forty Industrial Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_IFortyIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1385568_2_1">I-40 Industrial Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_IFortyIndustrialCenterMember" xlink:to="pld_IFortyIndustrialCenterMember_lbl"/>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ImpairmentOfLongLivedAssetsToBeDisposedOf_lbl" xml:lang="en-US" id="id_5214848_1289030_1_1">Impairment of Long-Lived Assets to be Disposed of</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_IncomeStatementAbstract_lbl" xml:lang="en-US" id="id_5214848_1272476_2_1">Income Statement [Abstract]</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsLineItems_lbl" xml:lang="en-US" id="id_5214848_1269174_2_1">Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsLineItems" xlink:to="us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsLineItems_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsTable" xlink:label="us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsTable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsTable_lbl" xml:lang="en-US" id="id_5214848_1270823_1_1">Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsTable_lbl" xml:lang="en-US" id="id_5214848_1270823_2_1">Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Table]</label>
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    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeTaxDisclosureAbstract" xlink:label="us-gaap_IncomeTaxDisclosureAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeTaxDisclosureAbstract_lbl" xml:lang="en-US" id="id_5214848_1272478_1_1">Income Tax Disclosure [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_IncomeTaxDisclosureAbstract_lbl" xml:lang="en-US" id="id_5214848_1272478_2_1">Income Tax Disclosure [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxDisclosureAbstract" xlink:to="us-gaap_IncomeTaxDisclosureAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeTaxDisclosureTextBlock" xlink:label="us-gaap_IncomeTaxDisclosureTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeTaxDisclosureTextBlock_lbl" xml:lang="en-US" id="id_5214848_1277417_1_1">Income Tax Disclosure [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_IncomeTaxDisclosureTextBlock_lbl" xml:lang="en-US" id="id_5214848_1277417_2_1">Income Taxes</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxDisclosureTextBlock" xlink:to="us-gaap_IncomeTaxDisclosureTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_IncomeTaxesLineItems" xlink:label="pld_IncomeTaxesLineItems"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_IncomeTaxesLineItems_lbl" xml:lang="en-US" id="id_5214848_1502878_3_1">Income Taxes [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_IncomeTaxesLineItems_lbl" xml:lang="en-US" id="id_5214848_1502878_1_1">Income Taxes [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_IncomeTaxesLineItems_lbl" xml:lang="en-US" id="id_5214848_1502878_2_1">Income Taxes [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_IncomeTaxesLineItems" xlink:to="pld_IncomeTaxesLineItems_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_IncomeTaxesTable" xlink:label="pld_IncomeTaxesTable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_IncomeTaxesTable_lbl" xml:lang="en-US" id="id_5214848_1399697_3_1">Income Taxes [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_IncomeTaxesTable_lbl" xml:lang="en-US" id="id_5214848_1399697_1_1">Income Taxes [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_IncomeTaxesTable_lbl" xml:lang="en-US" id="id_5214848_1399697_2_1">Income Taxes [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_IncomeTaxesTable" xlink:to="pld_IncomeTaxesTable_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeTaxExpenseBenefit" xlink:label="us-gaap_IncomeTaxExpenseBenefit"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeTaxExpenseBenefit_lbl" xml:lang="en-US" id="id_5214848_1286481_1_1">Income Tax Expense (Benefit)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_IncomeTaxExpenseBenefit_lbl" xml:lang="en-US" id="id_5214848_1286481_2_1">Income Tax Expense</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_IncomeTaxExpenseBenefit_lbl" xml:lang="en-US" id="id_5214848_1286481_6_1">Total income tax benefit (expense)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxExpenseBenefit" xlink:to="us-gaap_IncomeTaxExpenseBenefit_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeTaxExpenseBenefitContinuingOperationsAdjustmentOfDeferredTaxAssetLiability" xlink:label="us-gaap_IncomeTaxExpenseBenefitContinuingOperationsAdjustmentOfDeferredTaxAssetLiability"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeTaxExpenseBenefitContinuingOperationsAdjustmentOfDeferredTaxAssetLiability_lbl" xml:lang="en-US" id="id_5214848_1288022_1_1">Income Tax Expense (Benefit), Continuing Operations, Adjustment of Deferred Tax (Asset) Liability</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_IncomeTaxExpenseBenefitContinuingOperationsAdjustmentOfDeferredTaxAssetLiability_lbl" xml:lang="en-US" id="id_5214848_1288022_2_1">Decrease in deferred tax liability</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxExpenseBenefitContinuingOperationsAdjustmentOfDeferredTaxAssetLiability" xlink:to="us-gaap_IncomeTaxExpenseBenefitContinuingOperationsAdjustmentOfDeferredTaxAssetLiability_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_IncomeTaxExpenseBenefitIncludingDiscontinuedOperations" xlink:label="pld_IncomeTaxExpenseBenefitIncludingDiscontinuedOperations"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_IncomeTaxExpenseBenefitIncludingDiscontinuedOperations_lbl" xml:lang="en-US" id="id_5214848_1402905_3_1">Income Tax Expense Benefit including discontinued operations</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_IncomeTaxExpenseBenefitIncludingDiscontinuedOperations_lbl" xml:lang="en-US" id="id_5214848_1402905_1_1">Income Tax Expense Benefit Including Discontinued Operations</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="pld_IncomeTaxExpenseBenefitIncludingDiscontinuedOperations_lbl" xml:lang="en-US" id="id_5214848_1402905_6_1">Total income tax expense (benefit), included in continuing and discontinued operations</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_IncomeTaxExpenseBenefitIncludingDiscontinuedOperations" xlink:to="pld_IncomeTaxExpenseBenefitIncludingDiscontinuedOperations_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeTaxPolicyTextBlock" xlink:label="us-gaap_IncomeTaxPolicyTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeTaxPolicyTextBlock_lbl" xml:lang="en-US" id="id_5214848_1270827_1_1">Income Tax, Policy [Policy Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_IncomeTaxPolicyTextBlock_lbl" xml:lang="en-US" id="id_5214848_1270827_2_1">Income Taxes</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxPolicyTextBlock" xlink:to="us-gaap_IncomeTaxPolicyTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_IncreaseDecreaseInCommittedThirdPartyEquity" xlink:label="pld_IncreaseDecreaseInCommittedThirdPartyEquity"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_IncreaseDecreaseInCommittedThirdPartyEquity_lbl" xml:lang="en-US" id="id_5214848_1575464_3_1">Increase Decrease In Committed Third Party Equity</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_IncreaseDecreaseInCommittedThirdPartyEquity_lbl" xml:lang="en-US" id="id_5214848_1575464_1_1">Increase Decrease In Committed Third Party Equity</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_IncreaseDecreaseInCommittedThirdPartyEquity_lbl" xml:lang="en-US" id="id_5214848_1575464_2_1">Committed third party equity</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_IncreaseDecreaseInCommittedThirdPartyEquity" xlink:to="pld_IncreaseDecreaseInCommittedThirdPartyEquity_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInOperatingAssets" xlink:label="us-gaap_IncreaseDecreaseInOperatingAssets"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInOperatingAssets_lbl" xml:lang="en-US" id="id_5214848_1284532_1_1">Increase (Decrease) in Operating Assets</label>
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    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInOperatingLiabilities" xlink:label="us-gaap_IncreaseDecreaseInOperatingLiabilities"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInOperatingLiabilities_lbl" xml:lang="en-US" id="id_5214848_1287016_1_1">Increase (Decrease) in Operating Liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_IncreaseDecreaseInOperatingLiabilities_lbl" xml:lang="en-US" id="id_5214848_1287016_2_1">Decrease in accounts payable and accrued expenses and other liabilities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInOperatingLiabilities" xlink:to="us-gaap_IncreaseDecreaseInOperatingLiabilities_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_IncreasedLineOfCreditFacilityMaximumBorrowingCapacity" xlink:label="pld_IncreasedLineOfCreditFacilityMaximumBorrowingCapacity"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_IncreasedLineOfCreditFacilityMaximumBorrowingCapacity_lbl" xml:lang="en-US" id="id_5214848_1557585_3_1">Increased line of credit facility maximum borrowing capacity.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_IncreasedLineOfCreditFacilityMaximumBorrowingCapacity_lbl" xml:lang="en-US" id="id_5214848_1557585_1_1">Increased Line Of Credit Facility Maximum Borrowing Capacity</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_IncreasedLineOfCreditFacilityMaximumBorrowingCapacity_lbl" xml:lang="en-US" id="id_5214848_1557585_2_1">Increased borrowing limit</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_IncreasedLineOfCreditFacilityMaximumBorrowingCapacity" xlink:to="pld_IncreasedLineOfCreditFacilityMaximumBorrowingCapacity_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_IncrementalCommonSharesAttributableToConversionOfLimitedPartnershipUnits" xlink:label="pld_IncrementalCommonSharesAttributableToConversionOfLimitedPartnershipUnits"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_IncrementalCommonSharesAttributableToConversionOfLimitedPartnershipUnits_lbl" xml:lang="en-US" id="id_5214848_1314991_3_1">Incremental common shares attributable to conversion of limited partnership units.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_IncrementalCommonSharesAttributableToConversionOfLimitedPartnershipUnits_lbl" xml:lang="en-US" id="id_5214848_1314991_1_1">Incremental Common Shares Attributable To Conversion Of Limited Partnership Units</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_IncrementalCommonSharesAttributableToConversionOfLimitedPartnershipUnits_lbl" xml:lang="en-US" id="id_5214848_1314991_2_1">Incremental weighted average effect on exchange of limited partnership units</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_IncrementalCommonSharesAttributableToConversionOfLimitedPartnershipUnits" xlink:to="pld_IncrementalCommonSharesAttributableToConversionOfLimitedPartnershipUnits_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_IncrementalCommonSharesAttributableToStockAwardsAndWarrants" xlink:label="pld_IncrementalCommonSharesAttributableToStockAwardsAndWarrants"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_IncrementalCommonSharesAttributableToStockAwardsAndWarrants_lbl" xml:lang="en-US" id="id_5214848_1426332_3_1">Incremental Common Shares Attributable To Stock Awards And Warrants</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_IncrementalCommonSharesAttributableToStockAwardsAndWarrants_lbl" xml:lang="en-US" id="id_5214848_1426332_1_1">Incremental Common Shares Attributable To Stock Awards And Warrants</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_IncrementalCommonSharesAttributableToStockAwardsAndWarrants_lbl" xml:lang="en-US" id="id_5214848_1426332_2_1">Incremental weighted average effect of equity awards and warrants</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_IncrementalCommonSharesAttributableToStockAwardsAndWarrants" xlink:to="pld_IncrementalCommonSharesAttributableToStockAwardsAndWarrants_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_IndianapolisIndianaMember" xlink:label="pld_IndianapolisIndianaMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_IndianapolisIndianaMember_lbl" xml:lang="en-US" id="id_5214848_1406526_3_1">Indianapolis Indiana [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_IndianapolisIndianaMember_lbl" xml:lang="en-US" id="id_5214848_1406526_1_1">Indianapolis Indiana [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_IndianapolisIndianaMember_lbl" xml:lang="en-US" id="id_5214848_1406526_2_1">Indianapolis, Indiana [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_IndianapolisIndianaMember" xlink:to="pld_IndianapolisIndianaMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_IndustrialOperatingPropertiesMember" xlink:label="pld_IndustrialOperatingPropertiesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_IndustrialOperatingPropertiesMember_lbl" xml:lang="en-US" id="id_5214848_1430275_3_1">Industrial operating properties.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_IndustrialOperatingPropertiesMember_lbl" xml:lang="en-US" id="id_5214848_1430275_1_1">Industrial Operating Properties [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_IndustrialOperatingPropertiesMember_lbl" xml:lang="en-US" id="id_5214848_1430275_2_1">Industrial Operating Properties [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_IndustrialOperatingPropertiesMember" xlink:to="pld_IndustrialOperatingPropertiesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_IndustryDistributionCenterMember" xlink:label="pld_IndustryDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_IndustryDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1302942_3_1">Industry distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_IndustryDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1302942_1_1">Industry Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_IndustryDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1302942_2_1">Industry Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_IndustryDistributionCenterMember" xlink:to="pld_IndustryDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_InformationAboutInvestmentsInPropertyFundsTableTextBlock" xlink:label="pld_InformationAboutInvestmentsInPropertyFundsTableTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_InformationAboutInvestmentsInPropertyFundsTableTextBlock_lbl" xml:lang="en-US" id="id_5214848_1360231_3_1">Information about investments in property funds.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_InformationAboutInvestmentsInPropertyFundsTableTextBlock_lbl" xml:lang="en-US" id="id_5214848_1360231_1_1">Information About Investments In Property Funds Table [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_InformationAboutInvestmentsInPropertyFundsTableTextBlock_lbl" xml:lang="en-US" id="id_5214848_1360231_2_1">Information About Investments in Co-investment Ventures by Property Funds</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_InformationAboutInvestmentsInPropertyFundsTableTextBlock" xlink:to="pld_InformationAboutInvestmentsInPropertyFundsTableTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_InitialCapitalContributionToJointVenture" xlink:label="pld_InitialCapitalContributionToJointVenture"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_InitialCapitalContributionToJointVenture_lbl" xml:lang="en-US" id="id_5214848_1300307_3_1">Initial Capital Contribution To Joint Venture</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_InitialCapitalContributionToJointVenture_lbl" xml:lang="en-US" id="id_5214848_1300307_1_1">Initial Capital Contribution To Joint Venture</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_InitialCapitalContributionToJointVenture_lbl" xml:lang="en-US" id="id_5214848_1300307_2_1">Formation of Prologis U.S. Logistics Venture</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_InitialCapitalContributionToJointVenture" xlink:to="pld_InitialCapitalContributionToJointVenture_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_InlandEmpireDistributionCenterMember" xlink:label="pld_InlandEmpireDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_InlandEmpireDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1378965_3_1">Inland empire distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_InlandEmpireDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1378965_1_1">Inland Empire Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_InlandEmpireDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1378965_2_1">Inland Empire Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_InlandEmpireDistributionCenterMember" xlink:to="pld_InlandEmpireDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_InterchangeCityDistributionCenterMember" xlink:label="pld_InterchangeCityDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_InterchangeCityDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1343547_3_1">Interchange city distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_InterchangeCityDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1343547_1_1">Interchange City Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_InterchangeCityDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1343547_2_1">Interchange City Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_InterchangeCityDistributionCenterMember" xlink:to="pld_InterchangeCityDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_InterchangeEastDistributionCenterMember" xlink:label="pld_InterchangeEastDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_InterchangeEastDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1358922_3_1">Interchange East Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_InterchangeEastDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1358922_1_1">Interchange East Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_InterchangeEastDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1358922_2_1">Interchange East Dist Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_InterchangeEastDistributionCenterMember" xlink:to="pld_InterchangeEastDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InterestCostsCapitalized" xlink:label="us-gaap_InterestCostsCapitalized"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InterestCostsCapitalized_lbl" xml:lang="en-US" id="id_5214848_1285465_1_1">Interest Costs Capitalized</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_InterestCostsCapitalized_lbl" xml:lang="en-US" id="id_5214848_1285465_14_1">Capitalized amounts</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestCostsCapitalized" xlink:to="us-gaap_InterestCostsCapitalized_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InterestCostsIncurred" xlink:label="us-gaap_InterestCostsIncurred"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InterestCostsIncurred_lbl" xml:lang="en-US" id="id_5214848_1286503_1_1">Interest Costs Incurred</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_InterestCostsIncurred_lbl" xml:lang="en-US" id="id_5214848_1286503_6_1">Interest expense before capitalization</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestCostsIncurred" xlink:to="us-gaap_InterestCostsIncurred_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InterestExpense" xlink:label="us-gaap_InterestExpense"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InterestExpense_lbl" xml:lang="en-US" id="id_5214848_1285466_1_1">Interest Expense</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_InterestExpense_lbl" xml:lang="en-US" id="id_5214848_1285466_2_1">Interest expense reclassified</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_InterestExpense_lbl" xml:lang="en-US" id="id_5214848_1285466_14_1">Interest expense</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestExpense" xlink:to="us-gaap_InterestExpense_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InterestExpenseDebt" xlink:label="us-gaap_InterestExpenseDebt"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InterestExpenseDebt_lbl" xml:lang="en-US" id="id_5214848_1286006_1_1">Interest Expense, Debt</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_InterestExpenseDebt_lbl" xml:lang="en-US" id="id_5214848_1286006_6_1">Net interest expense</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestExpenseDebt" xlink:to="us-gaap_InterestExpenseDebt_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InterestExpenseDebtExcludingAmortization" xlink:label="us-gaap_InterestExpenseDebtExcludingAmortization"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InterestExpenseDebtExcludingAmortization_lbl" xml:lang="en-US" id="id_5214848_1286007_1_1">Interest Expense, Debt, Excluding Amortization</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_InterestExpenseDebtExcludingAmortization_lbl" xml:lang="en-US" id="id_5214848_1286007_2_1">Gross interest expense</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestExpenseDebtExcludingAmortization" xlink:to="us-gaap_InterestExpenseDebtExcludingAmortization_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InterestPaidNet" xlink:label="us-gaap_InterestPaidNet"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InterestPaidNet_lbl" xml:lang="en-US" id="id_5214848_1284085_1_1">Interest Paid, Net</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_InterestPaidNet_lbl" xml:lang="en-US" id="id_5214848_1284085_2_1">Total cash paid for interest, net of amounts capitalized</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestPaidNet" xlink:to="us-gaap_InterestPaidNet_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet" xlink:label="us-gaap_InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet_lbl" xml:lang="en-US" id="id_5214848_1283182_1_1">Interest Rate Cash Flow Hedge Gain (Loss) Reclassified to Earnings, Net</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet_lbl" xml:lang="en-US" id="id_5214848_1283182_2_1">Loss related to interest rate swap reclassified from accumulated other comprehensive loss</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet" xlink:to="us-gaap_InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_InterestRateSwapHedgeMember" xlink:label="pld_InterestRateSwapHedgeMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_InterestRateSwapHedgeMember_lbl" xml:lang="en-US" id="id_5214848_1474678_3_1">Interest Rate Swap Hedge [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_InterestRateSwapHedgeMember_lbl" xml:lang="en-US" id="id_5214848_1474678_1_1">Interest Rate Swap Hedge [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_InterestRateSwapHedgeMember_lbl" xml:lang="en-US" id="id_5214848_1474678_2_1">Interest Rate Swap Hedges [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_InterestRateSwapHedgeMember" xlink:to="pld_InterestRateSwapHedgeMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InterestRateSwapMember" xlink:label="us-gaap_InterestRateSwapMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InterestRateSwapMember_lbl" xml:lang="en-US" id="id_5214848_1272513_1_1">Interest Rate Swap [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_InterestRateSwapMember_lbl" xml:lang="en-US" id="id_5214848_1272513_2_1">Interest Rate Swaps [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestRateSwapMember" xlink:to="us-gaap_InterestRateSwapMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_InternationalCorpParkMember" xlink:label="pld_InternationalCorpParkMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_InternationalCorpParkMember_lbl" xml:lang="en-US" id="id_5214848_1368819_3_1">International Corp Park.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_InternationalCorpParkMember_lbl" xml:lang="en-US" id="id_5214848_1368819_1_1">International Corp Park [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_InternationalCorpParkMember_lbl" xml:lang="en-US" id="id_5214848_1368819_2_1">International Corp Park [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_InternationalCorpParkMember" xlink:to="pld_InternationalCorpParkMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_InternationalMultifoodsMember" xlink:label="pld_InternationalMultifoodsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_InternationalMultifoodsMember_lbl" xml:lang="en-US" id="id_5214848_1493797_3_1">International Multifoods.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_InternationalMultifoodsMember_lbl" xml:lang="en-US" id="id_5214848_1493797_1_1">International Multifoods [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_InternationalMultifoodsMember_lbl" xml:lang="en-US" id="id_5214848_1493797_2_1">International Multifoods [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_InternationalMultifoodsMember" xlink:to="pld_InternationalMultifoodsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_InternationalStreetCommCenterMember" xlink:label="pld_InternationalStreetCommCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_InternationalStreetCommCenterMember_lbl" xml:lang="en-US" id="id_5214848_1354184_3_1">International Street Comm Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_InternationalStreetCommCenterMember_lbl" xml:lang="en-US" id="id_5214848_1354184_1_1">International Street Comm Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_InternationalStreetCommCenterMember_lbl" xml:lang="en-US" id="id_5214848_1354184_2_1">International Street Comm Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_InternationalStreetCommCenterMember" xlink:to="pld_InternationalStreetCommCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_InterstateEightyOneDistributionMember" xlink:label="pld_InterstateEightyOneDistributionMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_InterstateEightyOneDistributionMember_lbl" xml:lang="en-US" id="id_5214848_1298680_3_1">Interstate Eighty One Distribution [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_InterstateEightyOneDistributionMember_lbl" xml:lang="en-US" id="id_5214848_1298680_1_1">Interstate Eighty One Distribution [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_InterstateEightyOneDistributionMember_lbl" xml:lang="en-US" id="id_5214848_1298680_2_1">I-81 Distribution [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_InterstateEightyOneDistributionMember" xlink:to="pld_InterstateEightyOneDistributionMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_InterstateSeventyEightDistCenterMember" xlink:label="pld_InterstateSeventyEightDistCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_InterstateSeventyEightDistCenterMember_lbl" xml:lang="en-US" id="id_5214848_1431904_3_1">Interstate Seventy Eight Dist. Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_InterstateSeventyEightDistCenterMember_lbl" xml:lang="en-US" id="id_5214848_1431904_1_1">Interstate Seventy Eight Dist Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_InterstateSeventyEightDistCenterMember_lbl" xml:lang="en-US" id="id_5214848_1431904_2_1">I-78 Dist. Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_InterstateSeventyEightDistCenterMember" xlink:to="pld_InterstateSeventyEightDistCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentGeographicRegionAxis" xlink:label="invest_InvestmentGeographicRegionAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="invest_InvestmentGeographicRegionAxis_lbl" xml:lang="en-US" id="id_5214848_1276461_1_1">Investment Geographic Region [Axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="invest_InvestmentGeographicRegionAxis_lbl" xml:lang="en-US" id="id_5214848_1276461_2_1">Investment Geographic Region [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="invest_InvestmentGeographicRegionAxis" xlink:to="invest_InvestmentGeographicRegionAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentGeographicRegionDomain" xlink:label="invest_InvestmentGeographicRegionDomain"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="invest_InvestmentGeographicRegionDomain_lbl" xml:lang="en-US" id="id_5214848_1271462_1_1">Investment Geographic Region [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="invest_InvestmentGeographicRegionDomain_lbl" xml:lang="en-US" id="id_5214848_1271462_2_1">Investment Geographic Region [Domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="invest_InvestmentGeographicRegionDomain" xlink:to="invest_InvestmentGeographicRegionDomain_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InvestmentPolicyTextBlock" xlink:label="us-gaap_InvestmentPolicyTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InvestmentPolicyTextBlock_lbl" xml:lang="en-US" id="id_5214848_1270874_1_1">Investment, Policy [Policy Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_InvestmentPolicyTextBlock_lbl" xml:lang="en-US" id="id_5214848_1270874_2_1">Investments in Unconsolidated Entities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentPolicyTextBlock" xlink:to="us-gaap_InvestmentPolicyTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_InvestmentsInAdvancesToOtherUnconsolidatedInvesteesTableTextBlock" xlink:label="pld_InvestmentsInAdvancesToOtherUnconsolidatedInvesteesTableTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_InvestmentsInAdvancesToOtherUnconsolidatedInvesteesTableTextBlock_lbl" xml:lang="en-US" id="id_5214848_1541984_3_1">Our investment in other unconsolidated entities, not including property funds.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_InvestmentsInAdvancesToOtherUnconsolidatedInvesteesTableTextBlock_lbl" xml:lang="en-US" id="id_5214848_1541984_1_1">Investments In Advances To Other Unconsolidated Investees Table [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_InvestmentsInAdvancesToOtherUnconsolidatedInvesteesTableTextBlock_lbl" xml:lang="en-US" id="id_5214848_1541984_2_1">Summary of Investments in and Advances Unconsolidated Entities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_InvestmentsInAdvancesToOtherUnconsolidatedInvesteesTableTextBlock" xlink:to="pld_InvestmentsInAdvancesToOtherUnconsolidatedInvesteesTableTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures" xlink:label="us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures_lbl" xml:lang="en-US" id="id_5214848_1288060_1_1">Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:label="us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures_lbl" xml:lang="en-US" id="id_5214848_1288060_32_1">Other ventures</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures_lbl" xml:lang="en-US" id="id_5214848_1288060_2_1">Investment in and Advances to unconsolidated investees</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures_lbl" xml:lang="en-US" id="id_5214848_1288060_12_1">Investments in and advances to unconsolidated entities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures" xlink:to="us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InvestmentsInAndAdvancesToAffiliatesCategorizationAxis" xlink:label="us-gaap_InvestmentsInAndAdvancesToAffiliatesCategorizationAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InvestmentsInAndAdvancesToAffiliatesCategorizationAxis_lbl" xml:lang="en-US" id="id_5214848_1277468_1_1">Investments in and Advances to Affiliates Categorization [Axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_InvestmentsInAndAdvancesToAffiliatesCategorizationAxis_lbl" xml:lang="en-US" id="id_5214848_1277468_2_1">Investments in and Advances to Affiliates Categorization [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentsInAndAdvancesToAffiliatesCategorizationAxis" xlink:to="us-gaap_InvestmentsInAndAdvancesToAffiliatesCategorizationAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InvestmentsInAndAdvancesToAffiliatesCategorizationDomain" xlink:label="us-gaap_InvestmentsInAndAdvancesToAffiliatesCategorizationDomain"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InvestmentsInAndAdvancesToAffiliatesCategorizationDomain_lbl" xml:lang="en-US" id="id_5214848_1275855_1_1">Investments in and Advances to Affiliates Categorization [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_InvestmentsInAndAdvancesToAffiliatesCategorizationDomain_lbl" xml:lang="en-US" id="id_5214848_1275855_2_1">Investments in and Advances to Affiliates Categorization [Domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentsInAndAdvancesToAffiliatesCategorizationDomain" xlink:to="us-gaap_InvestmentsInAndAdvancesToAffiliatesCategorizationDomain_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_InvestmentsInPropertyFundsEarningsTableTextBlock" xlink:label="pld_InvestmentsInPropertyFundsEarningsTableTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_InvestmentsInPropertyFundsEarningsTableTextBlock_lbl" xml:lang="en-US" id="id_5214848_1377601_3_1">Disclosure of entity's proportionate share for the period of the net income (loss) of its investees.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_InvestmentsInPropertyFundsEarningsTableTextBlock_lbl" xml:lang="en-US" id="id_5214848_1377601_1_1">Investments In Property Funds Earnings Table [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_InvestmentsInPropertyFundsEarningsTableTextBlock_lbl" xml:lang="en-US" id="id_5214848_1377601_2_1">Earnings on Investment in Co-Investment Ventures</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_InvestmentsInPropertyFundsEarningsTableTextBlock" xlink:to="pld_InvestmentsInPropertyFundsEarningsTableTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InvestmentTypeAxis" xlink:label="us-gaap_InvestmentTypeAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InvestmentTypeAxis_lbl" xml:lang="en-US" id="id_5214848_1274212_1_1">Investment Type [Axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_InvestmentTypeAxis_lbl" xml:lang="en-US" id="id_5214848_1274212_2_1">Investment Type [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentTypeAxis" xlink:to="us-gaap_InvestmentTypeAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InvestmentTypeCategorizationMember" xlink:label="us-gaap_InvestmentTypeCategorizationMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InvestmentTypeCategorizationMember_lbl" xml:lang="en-US" id="id_5214848_1270878_1_1">Investments [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_InvestmentTypeCategorizationMember_lbl" xml:lang="en-US" id="id_5214848_1270878_2_1">Investments [Domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentTypeCategorizationMember" xlink:to="us-gaap_InvestmentTypeCategorizationMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ISixtyFiveMeyerDistCenterMember" xlink:label="pld_ISixtyFiveMeyerDistCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ISixtyFiveMeyerDistCenterMember_lbl" xml:lang="en-US" id="id_5214848_1374554_3_1">I sixty five Meyer dist center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ISixtyFiveMeyerDistCenterMember_lbl" xml:lang="en-US" id="id_5214848_1374554_1_1">I Sixty Five Meyer Dist Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ISixtyFiveMeyerDistCenterMember_lbl" xml:lang="en-US" id="id_5214848_1374554_2_1">I-65 Meyer Dist. Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ISixtyFiveMeyerDistCenterMember" xlink:to="pld_ISixtyFiveMeyerDistCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_IsleDAbeauDistributionCenterMember" xlink:label="pld_IsleDAbeauDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_IsleDAbeauDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1362506_3_1">Isle d abeau distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_IsleDAbeauDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1362506_1_1">Isle D Abeau Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_IsleDAbeauDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1362506_2_1">Isle d'Abeau Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_IsleDAbeauDistributionCenterMember" xlink:to="pld_IsleDAbeauDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_IssuanceOfUnitsInExchangeForContributionsOfEquityOfferingProceeds" xlink:label="pld_IssuanceOfUnitsInExchangeForContributionsOfEquityOfferingProceeds"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_IssuanceOfUnitsInExchangeForContributionsOfEquityOfferingProceeds_lbl" xml:lang="en-US" id="id_5214848_1301463_3_1">Issuance of common of units in exchange for contributions of equity offerings</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_IssuanceOfUnitsInExchangeForContributionsOfEquityOfferingProceeds_lbl" xml:lang="en-US" id="id_5214848_1301463_1_1">Issuance Of Units In Exchange For Contributions Of Equity Offering Proceeds</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_IssuanceOfUnitsInExchangeForContributionsOfEquityOfferingProceeds_lbl" xml:lang="en-US" id="id_5214848_1301463_2_1">Issuance of units in exchange for contribution of equity offering proceeds</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_IssuanceOfUnitsInExchangeForContributionsOfEquityOfferingProceeds" xlink:to="pld_IssuanceOfUnitsInExchangeForContributionsOfEquityOfferingProceeds_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_IssuanceOfUnitsInExchangeForProceedsFromExerciseOfWarrants" xlink:label="pld_IssuanceOfUnitsInExchangeForProceedsFromExerciseOfWarrants"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_IssuanceOfUnitsInExchangeForProceedsFromExerciseOfWarrants_lbl" xml:lang="en-US" id="id_5214848_1612831_3_1">Issuance Of Units In Exchange For Proceeds From Exercise Of Warrants</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_IssuanceOfUnitsInExchangeForProceedsFromExerciseOfWarrants_lbl" xml:lang="en-US" id="id_5214848_1612831_1_1">Issuance Of Units In Exchange For Proceeds From Exercise Of Warrants</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_IssuanceOfUnitsInExchangeForProceedsFromExerciseOfWarrants_lbl" xml:lang="en-US" id="id_5214848_1612831_2_1">Issuance of units in exchange for proceeds from exercise of warrant</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_IssuanceOfUnitsInExchangeForProceedsFromExerciseOfWarrants" xlink:to="pld_IssuanceOfUnitsInExchangeForProceedsFromExerciseOfWarrants_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/country/2013/country-2013-01-31.xsd#country_IT" xlink:label="country_IT"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_IT_lbl" xml:lang="en-US" id="id_5214848_1276482_1_1">ITALY</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="country_IT_lbl" xml:lang="en-US" id="id_5214848_1276482_2_1">Italy [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_IT" xlink:to="country_IT_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ItascaDistributionCenterMember" xlink:label="pld_ItascaDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ItascaDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1317025_3_1">Itasca distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ItascaDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1317025_1_1">Itasca Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ItascaDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1317025_2_1">Itasca Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ItascaDistributionCenterMember" xlink:to="pld_ItascaDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ItascaIndustrialPortfolioMember" xlink:label="pld_ItascaIndustrialPortfolioMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ItascaIndustrialPortfolioMember_lbl" xml:lang="en-US" id="id_5214848_1312489_3_1">Itasca Industrial Portfolio [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ItascaIndustrialPortfolioMember_lbl" xml:lang="en-US" id="id_5214848_1312489_1_1">Itasca Industrial Portfolio [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ItascaIndustrialPortfolioMember_lbl" xml:lang="en-US" id="id_5214848_1312489_2_1">Itasca Industrial Portfolio [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ItascaIndustrialPortfolioMember" xlink:to="pld_ItascaIndustrialPortfolioMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ItwoNinetyFourDistributionCenterMember" xlink:label="pld_ItwoNinetyFourDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ItwoNinetyFourDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1443062_3_1">Itwo Ninety Four Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ItwoNinetyFourDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1443062_1_1">Itwo Ninety Four Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ItwoNinetyFourDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1443062_2_1">I-294 Dist Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ItwoNinetyFourDistributionCenterMember" xlink:to="pld_ItwoNinetyFourDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_JacksonvilleFloridaMember" xlink:label="pld_JacksonvilleFloridaMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_JacksonvilleFloridaMember_lbl" xml:lang="en-US" id="id_5214848_1500168_3_1">Jacksonville, Florida [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_JacksonvilleFloridaMember_lbl" xml:lang="en-US" id="id_5214848_1500168_1_1">Jacksonville, Florida [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_JacksonvilleFloridaMember_lbl" xml:lang="en-US" id="id_5214848_1500168_2_1">Jacksonville, Florida [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_JacksonvilleFloridaMember" xlink:to="pld_JacksonvilleFloridaMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_JapaneseYenNoteMember" xlink:label="pld_JapaneseYenNoteMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_JapaneseYenNoteMember_lbl" xml:lang="en-US" id="id_5214848_1503323_3_1">Japanese Yen Note [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_JapaneseYenNoteMember_lbl" xml:lang="en-US" id="id_5214848_1503323_1_1">Japanese Yen Note [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_JapaneseYenNoteMember_lbl" xml:lang="en-US" id="id_5214848_1503323_2_1">Yen Term Loan [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_JapaneseYenNoteMember" xlink:to="pld_JapaneseYenNoteMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_JaxCargoCenterMember" xlink:label="pld_JaxCargoCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_JaxCargoCenterMember_lbl" xml:lang="en-US" id="id_5214848_1456149_3_1">Jax cargo center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_JaxCargoCenterMember_lbl" xml:lang="en-US" id="id_5214848_1456149_1_1">Jax Cargo Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_JaxCargoCenterMember_lbl" xml:lang="en-US" id="id_5214848_1456149_2_1">JAX Cargo Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_JaxCargoCenterMember" xlink:to="pld_JaxCargoCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_JerseyVillageCorpCenterMember" xlink:label="pld_JerseyVillageCorpCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_JerseyVillageCorpCenterMember_lbl" xml:lang="en-US" id="id_5214848_1516114_3_1">Jersey Village Corp Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_JerseyVillageCorpCenterMember_lbl" xml:lang="en-US" id="id_5214848_1516114_1_1">Jersey Village Corp Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_JerseyVillageCorpCenterMember_lbl" xml:lang="en-US" id="id_5214848_1516114_2_1">Jersey Village Corp Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_JerseyVillageCorpCenterMember" xlink:to="pld_JerseyVillageCorpCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_JfkCargoCenterSeventyFiveToSeventySevenMember" xlink:label="pld_JfkCargoCenterSeventyFiveToSeventySevenMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_JfkCargoCenterSeventyFiveToSeventySevenMember_lbl" xml:lang="en-US" id="id_5214848_1499991_3_1">Jfk cargo center seventy five to seventy seven.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_JfkCargoCenterSeventyFiveToSeventySevenMember_lbl" xml:lang="en-US" id="id_5214848_1499991_1_1">Jfk Cargo Center Seventy Five To Seventy Seven [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_JfkCargoCenterSeventyFiveToSeventySevenMember_lbl" xml:lang="en-US" id="id_5214848_1499991_2_1">JFK Cargo Center 75_77 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_JfkCargoCenterSeventyFiveToSeventySevenMember" xlink:to="pld_JfkCargoCenterSeventyFiveToSeventySevenMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_JiaxingDistriCtrMember" xlink:label="pld_JiaxingDistriCtrMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_JiaxingDistriCtrMember_lbl" xml:lang="en-US" id="id_5214848_1311418_3_1">Jiaxing Distri Ctr.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_JiaxingDistriCtrMember_lbl" xml:lang="en-US" id="id_5214848_1311418_1_1">Jiaxing Distri Ctr [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_JiaxingDistriCtrMember_lbl" xml:lang="en-US" id="id_5214848_1311418_2_1">Jiaxing Distri Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_JiaxingDistriCtrMember" xlink:to="pld_JiaxingDistriCtrMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_JosoDistCtrMember" xlink:label="pld_JosoDistCtrMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_JosoDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1396221_3_1">Joso Dist Ctr [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_JosoDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1396221_1_1">Joso Dist Ctr [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_JosoDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1396221_2_1">Joso Dist Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_JosoDistCtrMember" xlink:to="pld_JosoDistCtrMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/country/2013/country-2013-01-31.xsd#country_JP" xlink:label="country_JP"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_JP_lbl" xml:lang="en-US" id="id_5214848_1269843_1_1">JAPAN</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="country_JP_lbl" xml:lang="en-US" id="id_5214848_1269843_2_1">Japan [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_JP" xlink:to="country_JP_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/currency/2014/currency-2014-01-31.xsd#currency_JPY" xlink:label="currency_JPY"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="currency_JPY_lbl" xml:lang="en-US" id="id_5214848_1273598_1_1">Japan, Yen</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="currency_JPY_lbl" xml:lang="en-US" id="id_5214848_1273598_2_1">Japanese Yen [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="currency_JPY" xlink:to="currency_JPY_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_JunctionIndustrialParkMember" xlink:label="pld_JunctionIndustrialParkMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_JunctionIndustrialParkMember_lbl" xml:lang="en-US" id="id_5214848_1360918_3_1">Junction Industrial Park [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_JunctionIndustrialParkMember_lbl" xml:lang="en-US" id="id_5214848_1360918_1_1">Junction Industrial Park [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_JunctionIndustrialParkMember_lbl" xml:lang="en-US" id="id_5214848_1360918_2_1">Junction Industrial Park [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_JunctionIndustrialParkMember" xlink:to="pld_JunctionIndustrialParkMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_JuneTwoThousandFourteenMember" xlink:label="pld_JuneTwoThousandFourteenMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_JuneTwoThousandFourteenMember_lbl" xml:lang="en-US" id="id_5214848_1448065_3_1">June Two Thousand Fourteen [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_JuneTwoThousandFourteenMember_lbl" xml:lang="en-US" id="id_5214848_1448065_1_1">June Two Thousand Fourteen [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_JuneTwoThousandFourteenMember_lbl" xml:lang="en-US" id="id_5214848_1448065_2_1">June 2014 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_JuneTwoThousandFourteenMember" xlink:to="pld_JuneTwoThousandFourteenMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_KaiserDistributionCenterMember" xlink:label="pld_KaiserDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_KaiserDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1402233_3_1">Kaiser distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_KaiserDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1402233_1_1">Kaiser Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_KaiserDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1402233_2_1">Kaiser Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_KaiserDistributionCenterMember" xlink:to="pld_KaiserDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_KansasCityKansasMember" xlink:label="pld_KansasCityKansasMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_KansasCityKansasMember_lbl" xml:lang="en-US" id="id_5214848_1609659_3_1">Kansas City Kansas [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_KansasCityKansasMember_lbl" xml:lang="en-US" id="id_5214848_1609659_1_1">Kansas City Kansas [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_KansasCityKansasMember_lbl" xml:lang="en-US" id="id_5214848_1609659_2_1">Kansas City Kansas [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_KansasCityKansasMember" xlink:to="pld_KansasCityKansasMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_KeeleDistributionCenterMember" xlink:label="pld_KeeleDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_KeeleDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1554003_3_1">Keele Distribution Center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_KeeleDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1554003_1_1">Keele Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_KeeleDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1554003_2_1">Keele Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_KeeleDistributionCenterMember" xlink:to="pld_KeeleDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_KehoeIndustrialMember" xlink:label="pld_KehoeIndustrialMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_KehoeIndustrialMember_lbl" xml:lang="en-US" id="id_5214848_1306126_3_1">Kehoe Industrial [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_KehoeIndustrialMember_lbl" xml:lang="en-US" id="id_5214848_1306126_1_1">Kehoe Industrial [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_KehoeIndustrialMember_lbl" xml:lang="en-US" id="id_5214848_1306126_2_1">Kehoe Industrial [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_KehoeIndustrialMember" xlink:to="pld_KehoeIndustrialMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_KempwoodBusinessCenterMember" xlink:label="pld_KempwoodBusinessCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_KempwoodBusinessCenterMember_lbl" xml:lang="en-US" id="id_5214848_1471043_3_1">Kempwood business center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_KempwoodBusinessCenterMember_lbl" xml:lang="en-US" id="id_5214848_1471043_1_1">Kempwood Business Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_KempwoodBusinessCenterMember_lbl" xml:lang="en-US" id="id_5214848_1471043_2_1">Kempwood Business Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_KempwoodBusinessCenterMember" xlink:to="pld_KempwoodBusinessCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_KentCentreCorporateParkMember" xlink:label="pld_KentCentreCorporateParkMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_KentCentreCorporateParkMember_lbl" xml:lang="en-US" id="id_5214848_1336552_3_1">Kent Centre Corporate Park.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_KentCentreCorporateParkMember_lbl" xml:lang="en-US" id="id_5214848_1336552_1_1">Kent Centre Corporate Park [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_KentCentreCorporateParkMember_lbl" xml:lang="en-US" id="id_5214848_1336552_2_1">Kent Centre Corporate Park [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_KentCentreCorporateParkMember" xlink:to="pld_KentCentreCorporateParkMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_KilmerDistributionCenterMember" xlink:label="pld_KilmerDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_KilmerDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1540072_3_1">Kilmer distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_KilmerDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1540072_1_1">Kilmer Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_KilmerDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1540072_2_1">Kilmer Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_KilmerDistributionCenterMember" xlink:to="pld_KilmerDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_KingsportIndustrialParkMember" xlink:label="pld_KingsportIndustrialParkMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_KingsportIndustrialParkMember_lbl" xml:lang="en-US" id="id_5214848_1428065_3_1">Kingsport Industrial Park.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_KingsportIndustrialParkMember_lbl" xml:lang="en-US" id="id_5214848_1428065_1_1">Kingsport Industrial Park [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_KingsportIndustrialParkMember_lbl" xml:lang="en-US" id="id_5214848_1428065_2_1">Kingsport Industrial Park [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_KingsportIndustrialParkMember" xlink:to="pld_KingsportIndustrialParkMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_KitamotoDistributionCenterMember" xlink:label="pld_KitamotoDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_KitamotoDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1396301_3_1">Kitamoto Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_KitamotoDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1396301_1_1">Kitamoto Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_KitamotoDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1396301_2_1">Kitamoto Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_KitamotoDistributionCenterMember" xlink:to="pld_KitamotoDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_KolledaDistributionCenterMember" xlink:label="pld_KolledaDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_KolledaDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1487984_3_1">Kolleda distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_KolledaDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1487984_1_1">Kolleda Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_KolledaDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1487984_2_1">Kolleda Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_KolledaDistributionCenterMember" xlink:to="pld_KolledaDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_KraftDistributionCenterMember" xlink:label="pld_KraftDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_KraftDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1609644_3_1">Kraft Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_KraftDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1609644_1_1">Kraft Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_KraftDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1609644_2_1">Kraft Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_KraftDistributionCenterMember" xlink:to="pld_KraftDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_KyreneCommonsDistributionCenterMember" xlink:label="pld_KyreneCommonsDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_KyreneCommonsDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1455420_3_1">Kyrene commons distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_KyreneCommonsDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1455420_1_1">Kyrene Commons Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_KyreneCommonsDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1455420_2_1">Kyrene Commons Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_KyreneCommonsDistributionCenterMember" xlink:to="pld_KyreneCommonsDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_LakesideBcMember" xlink:label="pld_LakesideBcMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_LakesideBcMember_lbl" xml:lang="en-US" id="id_5214848_1329345_3_1">Lakeside BC [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_LakesideBcMember_lbl" xml:lang="en-US" id="id_5214848_1329345_1_1">Lakeside Bc [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_LakesideBcMember_lbl" xml:lang="en-US" id="id_5214848_1329345_2_1">Lakeside BC [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_LakesideBcMember" xlink:to="pld_LakesideBcMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_LancasterDistributionCenterMember" xlink:label="pld_LancasterDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_LancasterDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1350202_3_1">Lancaster distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_LancasterDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1350202_1_1">Lancaster Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_LancasterDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1350202_2_1">Lancaster Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_LancasterDistributionCenterMember" xlink:to="pld_LancasterDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LandAvailableForDevelopment" xlink:label="us-gaap_LandAvailableForDevelopment"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LandAvailableForDevelopment_lbl" xml:lang="en-US" id="id_5214848_1285488_1_1">Land Available for Development</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LandAvailableForDevelopment_lbl" xml:lang="en-US" id="id_5214848_1285488_2_1">Land</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LandAvailableForDevelopment" xlink:to="us-gaap_LandAvailableForDevelopment_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LandBuildingsAndImprovementsMember" xlink:label="us-gaap_LandBuildingsAndImprovementsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LandBuildingsAndImprovementsMember_lbl" xml:lang="en-US" id="id_5214848_1272556_1_1">Land, Buildings and Improvements [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LandBuildingsAndImprovementsMember_lbl" xml:lang="en-US" id="id_5214848_1272556_2_1">Capital Improvements [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LandBuildingsAndImprovementsMember" xlink:to="us-gaap_LandBuildingsAndImprovementsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LandImprovementsMember" xlink:label="us-gaap_LandImprovementsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LandImprovementsMember_lbl" xml:lang="en-US" id="id_5214848_1277478_1_1">Land Improvements [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LandImprovementsMember_lbl" xml:lang="en-US" id="id_5214848_1277478_2_1">Improved Land [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LandImprovementsMember" xlink:to="us-gaap_LandImprovementsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_LandmarkOneDistCtrMember" xlink:label="pld_LandmarkOneDistCtrMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_LandmarkOneDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1610132_3_1">Landmark One Dist Ctr [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_LandmarkOneDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1610132_1_1">Landmark One Dist Ctr [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_LandmarkOneDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1610132_2_1">Landmark One Dist Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_LandmarkOneDistCtrMember" xlink:to="pld_LandmarkOneDistCtrMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LandMember" xlink:label="us-gaap_LandMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LandMember_lbl" xml:lang="en-US" id="id_5214848_1275866_1_1">Land [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LandMember_lbl" xml:lang="en-US" id="id_5214848_1275866_2_1">Land [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LandMember" xlink:to="us-gaap_LandMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_LandParcelMember" xlink:label="pld_LandParcelMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_LandParcelMember_lbl" xml:lang="en-US" id="id_5214848_1600417_3_1">Land Parcel [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_LandParcelMember_lbl" xml:lang="en-US" id="id_5214848_1600417_1_1">Land Parcel [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_LandParcelMember_lbl" xml:lang="en-US" id="id_5214848_1600417_2_1">Land Parcel [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_LandParcelMember" xlink:to="pld_LandParcelMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_LandParcelsMember" xlink:label="pld_LandParcelsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_LandParcelsMember_lbl" xml:lang="en-US" id="id_5214848_1502880_3_1">Land Parcels [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_LandParcelsMember_lbl" xml:lang="en-US" id="id_5214848_1502880_1_1">Land Parcels [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_LandParcelsMember_lbl" xml:lang="en-US" id="id_5214848_1502880_2_1">Land Parcels [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_LandParcelsMember" xlink:to="pld_LandParcelsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_LasVegasCorporateCenterMember" xlink:label="pld_LasVegasCorporateCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_LasVegasCorporateCenterMember_lbl" xml:lang="en-US" id="id_5214848_1609667_3_1">Las Vegas Corporate Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_LasVegasCorporateCenterMember_lbl" xml:lang="en-US" id="id_5214848_1609667_1_1">Las Vegas Corporate Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_LasVegasCorporateCenterMember_lbl" xml:lang="en-US" id="id_5214848_1609667_2_1">Las Vegas Corporate Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_LasVegasCorporateCenterMember" xlink:to="pld_LasVegasCorporateCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_LasVegasNevadaMember" xlink:label="pld_LasVegasNevadaMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_LasVegasNevadaMember_lbl" xml:lang="en-US" id="id_5214848_1528363_3_1">Las Vegas Nevada [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_LasVegasNevadaMember_lbl" xml:lang="en-US" id="id_5214848_1528363_1_1">Las Vegas Nevada [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_LasVegasNevadaMember_lbl" xml:lang="en-US" id="id_5214848_1528363_2_1">Las Vegas, Nevada [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_LasVegasNevadaMember" xlink:to="pld_LasVegasNevadaMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_LauenauDistCtrMember" xlink:label="pld_LauenauDistCtrMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_LauenauDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1474078_3_1">Lauenau dist ctr.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_LauenauDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1474078_1_1">Lauenau Dist Ctr [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_LauenauDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1474078_2_1">Lauenau Dist Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_LauenauDistCtrMember" xlink:to="pld_LauenauDistCtrMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_LaurelwoodDriveMember" xlink:label="pld_LaurelwoodDriveMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_LaurelwoodDriveMember_lbl" xml:lang="en-US" id="id_5214848_1409601_3_1">Laurelwood Drive [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_LaurelwoodDriveMember_lbl" xml:lang="en-US" id="id_5214848_1409601_1_1">Laurelwood Drive [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_LaurelwoodDriveMember_lbl" xml:lang="en-US" id="id_5214848_1409601_2_1">Laurelwood Drive [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_LaurelwoodDriveMember" xlink:to="pld_LaurelwoodDriveMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_LawreceSsfMember" xlink:label="pld_LawreceSsfMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_LawreceSsfMember_lbl" xml:lang="en-US" id="id_5214848_1467799_3_1">Lawrece SSF [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_LawreceSsfMember_lbl" xml:lang="en-US" id="id_5214848_1467799_1_1">Lawrece Ssf [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_LawreceSsfMember_lbl" xml:lang="en-US" id="id_5214848_1467799_2_1">Lawrence SSF [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_LawreceSsfMember" xlink:to="pld_LawreceSsfMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_LaxCargoCenterMember" xlink:label="pld_LaxCargoCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_LaxCargoCenterMember_lbl" xml:lang="en-US" id="id_5214848_1428568_3_1">LAX Cargo Center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_LaxCargoCenterMember_lbl" xml:lang="en-US" id="id_5214848_1428568_1_1">Lax Cargo Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_LaxCargoCenterMember_lbl" xml:lang="en-US" id="id_5214848_1428568_2_1">LAX Cargo Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_LaxCargoCenterMember" xlink:to="pld_LaxCargoCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="dei_LegalEntityAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_LegalEntityAxis_lbl" xml:lang="en-US" id="id_5214848_1281318_1_1">Legal Entity [Axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_LegalEntityAxis_lbl" xml:lang="en-US" id="id_5214848_1281318_2_1">Legal Entity [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_LegalEntityAxis" xlink:to="dei_LegalEntityAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LegalEntityTypeOfCounterpartyDomain" xlink:label="us-gaap_LegalEntityTypeOfCounterpartyDomain"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LegalEntityTypeOfCounterpartyDomain_lbl" xml:lang="en-US" id="id_5214848_1272550_1_1">Legal Entity Type of Counterparty [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LegalEntityTypeOfCounterpartyDomain_lbl" xml:lang="en-US" id="id_5214848_1272550_2_1">Legal Entity Type of Counterparty [Domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LegalEntityTypeOfCounterpartyDomain" xlink:to="us-gaap_LegalEntityTypeOfCounterpartyDomain_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_LehighValleyDistributionCenterMember" xlink:label="pld_LehighValleyDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_LehighValleyDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1340984_3_1">Lehigh valley distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_LehighValleyDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1340984_1_1">Lehigh Valley Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_LehighValleyDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1340984_2_1">Lehigh Valley Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_LehighValleyDistributionCenterMember" xlink:to="pld_LehighValleyDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LettersOfCreditOutstandingAmount" xlink:label="us-gaap_LettersOfCreditOutstandingAmount"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LettersOfCreditOutstandingAmount_lbl" xml:lang="en-US" id="id_5214848_1282750_1_1">Letters of Credit Outstanding, Amount</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LettersOfCreditOutstandingAmount_lbl" xml:lang="en-US" id="id_5214848_1282750_2_1">Outstanding letters of credit</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LettersOfCreditOutstandingAmount" xlink:to="us-gaap_LettersOfCreditOutstandingAmount_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_LgrGenevillOneSasMember" xlink:label="pld_LgrGenevillOneSasMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_LgrGenevillOneSasMember_lbl" xml:lang="en-US" id="id_5214848_1363500_3_1">Lgr genevill one Sas.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_LgrGenevillOneSasMember_lbl" xml:lang="en-US" id="id_5214848_1363500_1_1">Lgr Genevill One Sas [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_LgrGenevillOneSasMember_lbl" xml:lang="en-US" id="id_5214848_1363500_2_1">LGR Genevill. 1 SAS [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_LgrGenevillOneSasMember" xlink:to="pld_LgrGenevillOneSasMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_LgrGenevillTwoSasMember" xlink:label="pld_LgrGenevillTwoSasMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_LgrGenevillTwoSasMember_lbl" xml:lang="en-US" id="id_5214848_1434688_3_1">LGR genevill two SAS.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_LgrGenevillTwoSasMember_lbl" xml:lang="en-US" id="id_5214848_1434688_1_1">Lgr Genevill Two Sas [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_LgrGenevillTwoSasMember_lbl" xml:lang="en-US" id="id_5214848_1434688_2_1">LGR Genevill. 2 SAS [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_LgrGenevillTwoSasMember" xlink:to="pld_LgrGenevillTwoSasMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_LgRoissySorbiersSasMember" xlink:label="pld_LgRoissySorbiersSasMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_LgRoissySorbiersSasMember_lbl" xml:lang="en-US" id="id_5214848_1521483_3_1">LG Roissy Sorbiers SAS [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_LgRoissySorbiersSasMember_lbl" xml:lang="en-US" id="id_5214848_1521483_1_1">LG Roissy Sorbiers SAS [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_LgRoissySorbiersSasMember_lbl" xml:lang="en-US" id="id_5214848_1521483_2_1">LG Roissy Sorbiers SAS [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_LgRoissySorbiersSasMember" xlink:to="pld_LgRoissySorbiersSasMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_Liabilities" xlink:label="us-gaap_Liabilities"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_Liabilities_lbl" xml:lang="en-US" id="id_5214848_1284515_1_1">Liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_Liabilities_lbl" xml:lang="en-US" id="id_5214848_1284515_6_1">Total liabilities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Liabilities" xlink:to="us-gaap_Liabilities_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilitiesAbstract" xlink:label="us-gaap_LiabilitiesAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilitiesAbstract_lbl" xml:lang="en-US" id="id_5214848_1272558_1_1">Liabilities [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LiabilitiesAbstract_lbl" xml:lang="en-US" id="id_5214848_1272558_2_1">Liabilities:</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesAbstract" xlink:to="us-gaap_LiabilitiesAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquity" xlink:label="us-gaap_LiabilitiesAndStockholdersEquity"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilitiesAndStockholdersEquity_lbl" xml:lang="en-US" id="id_5214848_1283630_1_1">Liabilities and Equity</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_LiabilitiesAndStockholdersEquity_lbl" xml:lang="en-US" id="id_5214848_1283630_6_1">Total liabilities and equity</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesAndStockholdersEquity" xlink:to="us-gaap_LiabilitiesAndStockholdersEquity_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:label="us-gaap_LiabilitiesAndStockholdersEquityAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilitiesAndStockholdersEquityAbstract_lbl" xml:lang="en-US" id="id_5214848_1275871_1_1">Liabilities and Equity [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LiabilitiesAndStockholdersEquityAbstract_lbl" xml:lang="en-US" id="id_5214848_1275871_2_1">LIABILITIES AND CAPITAL</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:to="us-gaap_LiabilitiesAndStockholdersEquityAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_LibertyLogCtrMember" xlink:label="pld_LibertyLogCtrMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_LibertyLogCtrMember_lbl" xml:lang="en-US" id="id_5214848_1559696_3_1">Liberty Log Ctr [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_LibertyLogCtrMember_lbl" xml:lang="en-US" id="id_5214848_1559696_1_1">Liberty Log Ctr [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_LibertyLogCtrMember_lbl" xml:lang="en-US" id="id_5214848_1559696_2_1">Liberty Log Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_LibertyLogCtrMember" xlink:to="pld_LibertyLogCtrMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest" xlink:label="us-gaap_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest_lbl" xml:lang="en-US" id="id_5214848_1272576_1_1">Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest_lbl" xml:lang="en-US" id="id_5214848_1272576_2_1">Percentage of ownership in general partnership</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest" xlink:to="us-gaap_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersOwnershipInterest" xlink:label="us-gaap_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersOwnershipInterest"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersOwnershipInterest_lbl" xml:lang="en-US" id="id_5214848_1269257_1_1">Limited Liability Company (LLC) or Limited Partnership (LP), Members or Limited Partners, Ownership Interest</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersOwnershipInterest_lbl" xml:lang="en-US" id="id_5214848_1269257_2_1">Percentage of common limited partnership interest</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersOwnershipInterest" xlink:to="us-gaap_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersOwnershipInterest_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LimitedPartnerMember" xlink:label="us-gaap_LimitedPartnerMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LimitedPartnerMember_lbl" xml:lang="en-US" id="id_5214848_1279157_1_1">Limited Partner [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LimitedPartnerMember_lbl" xml:lang="en-US" id="id_5214848_1279157_2_1">Prologis, L.P. [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LimitedPartnerMember" xlink:to="us-gaap_LimitedPartnerMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LimitedPartnersCapitalAccount" xlink:label="us-gaap_LimitedPartnersCapitalAccount"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LimitedPartnersCapitalAccount_lbl" xml:lang="en-US" id="id_5214848_1283160_1_1">Limited Partners' Capital Account</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LimitedPartnersCapitalAccount_lbl" xml:lang="en-US" id="id_5214848_1283160_2_1">Limited partners</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LimitedPartnersCapitalAccount" xlink:to="us-gaap_LimitedPartnersCapitalAccount_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_LimitedPartnershipUnitsConvertedInToCash" xlink:label="pld_LimitedPartnershipUnitsConvertedInToCash"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_LimitedPartnershipUnitsConvertedInToCash_lbl" xml:lang="en-US" id="id_5214848_1506919_3_1">Limited partnership units converted in to cash.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_LimitedPartnershipUnitsConvertedInToCash_lbl" xml:lang="en-US" id="id_5214848_1506919_1_1">Limited Partnership Units Converted In To Cash</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_LimitedPartnershipUnitsConvertedInToCash_lbl" xml:lang="en-US" id="id_5214848_1506919_2_1">Limited partnership units converted in to cash</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_LimitedPartnershipUnitsConvertedInToCash" xlink:to="pld_LimitedPartnershipUnitsConvertedInToCash_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_LimitedPartnershipUnitsMember" xlink:label="pld_LimitedPartnershipUnitsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_LimitedPartnershipUnitsMember_lbl" xml:lang="en-US" id="id_5214848_1544695_3_1">Limited Partnership Units [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_LimitedPartnershipUnitsMember_lbl" xml:lang="en-US" id="id_5214848_1544695_1_1">Limited Partnership Units [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_LimitedPartnershipUnitsMember_lbl" xml:lang="en-US" id="id_5214848_1544695_2_1">Limited Partnership Units [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_LimitedPartnershipUnitsMember" xlink:to="pld_LimitedPartnershipUnitsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_LimitedPartnersMember" xlink:label="pld_LimitedPartnersMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_LimitedPartnersMember_lbl" xml:lang="en-US" id="id_5214848_1361704_3_1">Limited partners.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_LimitedPartnersMember_lbl" xml:lang="en-US" id="id_5214848_1361704_1_1">Limited Partners [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_LimitedPartnersMember_lbl" xml:lang="en-US" id="id_5214848_1361704_2_1">Limited Partners [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_LimitedPartnersMember" xlink:to="pld_LimitedPartnersMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_LindenIndustrialMember" xlink:label="pld_LindenIndustrialMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_LindenIndustrialMember_lbl" xml:lang="en-US" id="id_5214848_1435965_3_1">Linden Industrial [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_LindenIndustrialMember_lbl" xml:lang="en-US" id="id_5214848_1435965_1_1">Linden Industrial [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_LindenIndustrialMember_lbl" xml:lang="en-US" id="id_5214848_1435965_2_1">Linden Industrial [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_LindenIndustrialMember" xlink:to="pld_LindenIndustrialMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LineOfCredit" xlink:label="us-gaap_LineOfCredit"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LineOfCredit_lbl" xml:lang="en-US" id="id_5214848_1284503_1_1">Long-term Line of Credit</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LineOfCredit_lbl" xml:lang="en-US" id="id_5214848_1284503_2_1">Borrowings outstanding</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_LineOfCredit_lbl" xml:lang="en-US" id="id_5214848_1284503_12_1">Bridge loan, amount outstanding during period</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LineOfCredit" xlink:to="us-gaap_LineOfCredit_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_LineOfCreditFacilityCovenantComplianceLineItems" xlink:label="pld_LineOfCreditFacilityCovenantComplianceLineItems"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_LineOfCreditFacilityCovenantComplianceLineItems_lbl" xml:lang="en-US" id="id_5214848_1478449_3_1">Line Of Credit Facility Covenant Compliance [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_LineOfCreditFacilityCovenantComplianceLineItems_lbl" xml:lang="en-US" id="id_5214848_1478449_1_1">Line Of Credit Facility Covenant Compliance [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_LineOfCreditFacilityCovenantComplianceLineItems_lbl" xml:lang="en-US" id="id_5214848_1478449_2_1">Line Of Credit Facility Covenant Compliance [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_LineOfCreditFacilityCovenantComplianceLineItems" xlink:to="pld_LineOfCreditFacilityCovenantComplianceLineItems_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity" xlink:label="us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity_lbl" xml:lang="en-US" id="id_5214848_1282265_1_1">Line of Credit Facility, Current Borrowing Capacity</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity_lbl" xml:lang="en-US" id="id_5214848_1282265_2_1">Credit facility current borrowing capacity</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity" xlink:to="us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LineOfCreditFacilityInterestRateDescription" xlink:label="us-gaap_LineOfCreditFacilityInterestRateDescription"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LineOfCreditFacilityInterestRateDescription_lbl" xml:lang="en-US" id="id_5214848_1279167_1_1">Line of Credit Facility, Interest Rate Description</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LineOfCreditFacilityInterestRateDescription_lbl" xml:lang="en-US" id="id_5214848_1279167_2_1">Line of Credit Facility, Interest Rate Description</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LineOfCreditFacilityInterestRateDescription" xlink:to="us-gaap_LineOfCreditFacilityInterestRateDescription_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LineOfCreditFacilityInterestRateDuringPeriod" xlink:label="us-gaap_LineOfCreditFacilityInterestRateDuringPeriod"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LineOfCreditFacilityInterestRateDuringPeriod_lbl" xml:lang="en-US" id="id_5214848_1277523_1_1">Line of Credit Facility, Interest Rate During Period</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LineOfCreditFacilityInterestRateDuringPeriod_lbl" xml:lang="en-US" id="id_5214848_1277523_2_1">Weighted average daily interest rate</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LineOfCreditFacilityInterestRateDuringPeriod" xlink:to="us-gaap_LineOfCreditFacilityInterestRateDuringPeriod_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:label="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_lbl" xml:lang="en-US" id="id_5214848_1284501_1_1">Line of Credit Facility, Maximum Borrowing Capacity</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_lbl" xml:lang="en-US" id="id_5214848_1284501_2_1">Aggregate lender-commitments</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_lbl" xml:lang="en-US" id="id_5214848_1284501_12_1">Credit facility current borrowing capacity</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:to="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LineOfCreditFacilityMaximumMonthendOutstandingAmount" xlink:label="us-gaap_LineOfCreditFacilityMaximumMonthendOutstandingAmount"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LineOfCreditFacilityMaximumMonthendOutstandingAmount_lbl" xml:lang="en-US" id="id_5214848_1284502_1_1">Line of Credit Facility, Maximum Month-end Outstanding Amount</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LineOfCreditFacilityMaximumMonthendOutstandingAmount_lbl" xml:lang="en-US" id="id_5214848_1284502_2_1">Maximum borrowings outstanding at any month-end</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LineOfCreditFacilityMaximumMonthendOutstandingAmount" xlink:to="us-gaap_LineOfCreditFacilityMaximumMonthendOutstandingAmount_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity" xlink:label="us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity_lbl" xml:lang="en-US" id="id_5214848_1284941_1_1">Line of Credit Facility, Remaining Borrowing Capacity</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity_lbl" xml:lang="en-US" id="id_5214848_1284941_2_1">Current availability</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity" xlink:to="us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_LineOfCreditFacilityWeightedAverageDailyBorrowings" xlink:label="pld_LineOfCreditFacilityWeightedAverageDailyBorrowings"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_LineOfCreditFacilityWeightedAverageDailyBorrowings_lbl" xml:lang="en-US" id="id_5214848_1453894_3_1">Weighted average daily borrowings.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_LineOfCreditFacilityWeightedAverageDailyBorrowings_lbl" xml:lang="en-US" id="id_5214848_1453894_1_1">Line Of Credit Facility Weighted Average Daily Borrowings</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_LineOfCreditFacilityWeightedAverageDailyBorrowings_lbl" xml:lang="en-US" id="id_5214848_1453894_2_1">Weighted average daily borrowings</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_LineOfCreditFacilityWeightedAverageDailyBorrowings" xlink:to="pld_LineOfCreditFacilityWeightedAverageDailyBorrowings_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LineOfCreditMember" xlink:label="us-gaap_LineOfCreditMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LineOfCreditMember_lbl" xml:lang="en-US" id="id_5214848_1280767_1_1">Line of Credit [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LineOfCreditMember_lbl" xml:lang="en-US" id="id_5214848_1280767_2_1">Credit Facilities [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LineOfCreditMember" xlink:to="us-gaap_LineOfCreditMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_LittlebrookDistCtrMember" xlink:label="pld_LittlebrookDistCtrMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_LittlebrookDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1610303_3_1">Littlebrook Dist Ctr [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_LittlebrookDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1610303_1_1">Littlebrook Dist Ctr [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_LittlebrookDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1610303_2_1">Littlebrook Dist Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_LittlebrookDistCtrMember" xlink:to="pld_LittlebrookDistCtrMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_LivermoreDistributionCenterMember" xlink:label="pld_LivermoreDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_LivermoreDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1424187_3_1">Livermore distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_LivermoreDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1424187_1_1">Livermore Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_LivermoreDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1424187_2_1">Livermore Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_LivermoreDistributionCenterMember" xlink:to="pld_LivermoreDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_LjungbyDistributionCenterMember" xlink:label="pld_LjungbyDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_LjungbyDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1610301_3_1">Ljungby Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_LjungbyDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1610301_1_1">Ljungby Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_LjungbyDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1610301_2_1">Ljungby Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_LjungbyDistributionCenterMember" xlink:to="pld_LjungbyDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_LoansAndLeasesReceivableLineItems" xlink:label="pld_LoansAndLeasesReceivableLineItems"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_LoansAndLeasesReceivableLineItems_lbl" xml:lang="en-US" id="id_5214848_1556282_3_1">Loans And Leases Receivable [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_LoansAndLeasesReceivableLineItems_lbl" xml:lang="en-US" id="id_5214848_1556282_1_1">Loans And Leases Receivable [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_LoansAndLeasesReceivableLineItems_lbl" xml:lang="en-US" id="id_5214848_1556282_2_1">Loans And Leases Receivable [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_LoansAndLeasesReceivableLineItems" xlink:to="pld_LoansAndLeasesReceivableLineItems_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_LoansAndLeasesReceivableTable" xlink:label="pld_LoansAndLeasesReceivableTable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_LoansAndLeasesReceivableTable_lbl" xml:lang="en-US" id="id_5214848_1544409_3_1">Loans And Leases Receivable [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_LoansAndLeasesReceivableTable_lbl" xml:lang="en-US" id="id_5214848_1544409_1_1">Loans And Leases Receivable [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_LoansAndLeasesReceivableTable_lbl" xml:lang="en-US" id="id_5214848_1544409_2_1">Loans And Leases Receivable [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_LoansAndLeasesReceivableTable" xlink:to="pld_LoansAndLeasesReceivableTable_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock" xlink:label="us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock_lbl" xml:lang="en-US" id="id_5214848_1279182_1_1">Loans, Notes, Trade and Other Receivables Disclosure [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock_lbl" xml:lang="en-US" id="id_5214848_1279182_2_1">Notes Receivable Backed by Real Estate</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock" xlink:to="us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LoansReceivableNet" xlink:label="us-gaap_LoansReceivableNet"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LoansReceivableNet_lbl" xml:lang="en-US" id="id_5214848_1288593_1_1">Loans Receivable, Net</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LoansReceivableNet_lbl" xml:lang="en-US" id="id_5214848_1288593_2_1">Notes receivable backed by real estate</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LoansReceivableNet" xlink:to="us-gaap_LoansReceivableNet_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_LockbourneDistributionCenterMember" xlink:label="pld_LockbourneDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_LockbourneDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1500115_3_1">Lockbourne Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_LockbourneDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1500115_1_1">Lockbourne Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_LockbourneDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1500115_2_1">Lockbourne Dist Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_LockbourneDistributionCenterMember" xlink:to="pld_LockbourneDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_LondonderryMember" xlink:label="pld_LondonderryMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_LondonderryMember_lbl" xml:lang="en-US" id="id_5214848_1610285_3_1">Londonderry [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_LondonderryMember_lbl" xml:lang="en-US" id="id_5214848_1610285_1_1">Londonderry [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_LondonderryMember_lbl" xml:lang="en-US" id="id_5214848_1610285_2_1">Londonderry [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_LondonderryMember" xlink:to="pld_LondonderryMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LondonInterbankOfferedRateLIBORMember" xlink:label="us-gaap_LondonInterbankOfferedRateLIBORMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LondonInterbankOfferedRateLIBORMember_lbl" xml:lang="en-US" id="id_5214848_1277534_1_1">London Interbank Offered Rate (LIBOR) [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LondonInterbankOfferedRateLIBORMember_lbl" xml:lang="en-US" id="id_5214848_1277534_2_1">London Interbank Offered Rate (LIBOR) [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LondonInterbankOfferedRateLIBORMember" xlink:to="us-gaap_LondonInterbankOfferedRateLIBORMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_LonestarPortfolioMember" xlink:label="pld_LonestarPortfolioMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_LonestarPortfolioMember_lbl" xml:lang="en-US" id="id_5214848_1300188_3_1">Lonestar Portfolio [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_LonestarPortfolioMember_lbl" xml:lang="en-US" id="id_5214848_1300188_1_1">Lonestar Portfolio [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_LonestarPortfolioMember_lbl" xml:lang="en-US" id="id_5214848_1300188_2_1">Lonestar Portfolio [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_LonestarPortfolioMember" xlink:to="pld_LonestarPortfolioMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongLivedAssetsToBeAbandonedAssetNameDomain" xlink:label="us-gaap_LongLivedAssetsToBeAbandonedAssetNameDomain"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LongLivedAssetsToBeAbandonedAssetNameDomain_lbl" xml:lang="en-US" id="id_5214848_1274267_1_1">Long-Lived Assets to be Abandoned, Asset Name [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LongLivedAssetsToBeAbandonedAssetNameDomain_lbl" xml:lang="en-US" id="id_5214848_1274267_2_1">Long-Lived Assets to be Abandoned, Asset Name [Domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongLivedAssetsToBeAbandonedAssetNameDomain" xlink:to="us-gaap_LongLivedAssetsToBeAbandonedAssetNameDomain_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongLivedAssetsToBeAbandonedByAssetAxis" xlink:label="us-gaap_LongLivedAssetsToBeAbandonedByAssetAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LongLivedAssetsToBeAbandonedByAssetAxis_lbl" xml:lang="en-US" id="id_5214848_1275918_1_1">Long-Lived Assets to be Abandoned by Asset [Axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LongLivedAssetsToBeAbandonedByAssetAxis_lbl" xml:lang="en-US" id="id_5214848_1275918_2_1">Long-Lived Assets to be Abandoned by Asset [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongLivedAssetsToBeAbandonedByAssetAxis" xlink:to="us-gaap_LongLivedAssetsToBeAbandonedByAssetAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongTermDebt" xlink:label="us-gaap_LongTermDebt"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LongTermDebt_lbl" xml:lang="en-US" id="id_5214848_1284933_1_1">Long-term Debt</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LongTermDebt_lbl" xml:lang="en-US" id="id_5214848_1284933_2_1">Amount Outstanding</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_LongTermDebt_lbl" xml:lang="en-US" id="id_5214848_1284933_6_1">Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_LongTermDebt_lbl" xml:lang="en-US" id="id_5214848_1284933_12_1">Debt outstanding</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebt" xlink:to="us-gaap_LongTermDebt_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearNine" xlink:label="pld_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearNine"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearNine_lbl" xml:lang="en-US" id="id_5214848_1404441_3_1">Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing after the ninth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearNine_lbl" xml:lang="en-US" id="id_5214848_1404441_1_1">Long Term Debt Maturities Repayments Of Principal After Year Nine</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearNine_lbl" xml:lang="en-US" id="id_5214848_1404441_2_1">Thereafter</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearNine" xlink:to="pld_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearNine_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_lbl" xml:lang="en-US" id="id_5214848_1284048_1_1">Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_lbl" xml:lang="en-US" id="id_5214848_1284048_2_1">2016</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths" xlink:to="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearEight" xlink:label="pld_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearEight"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearEight_lbl" xml:lang="en-US" id="id_5214848_1337205_3_1">Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing in the eighth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearEight_lbl" xml:lang="en-US" id="id_5214848_1337205_1_1">Long Term Debt Maturities Repayments Of Principal In Year Eight</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearEight_lbl" xml:lang="en-US" id="id_5214848_1337205_2_1">2023</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearEight" xlink:to="pld_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearEight_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_lbl" xml:lang="en-US" id="id_5214848_1283148_1_1">Long-term Debt, Maturities, Repayments of Principal in Year Five</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_lbl" xml:lang="en-US" id="id_5214848_1283148_2_1">2020</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive" xlink:to="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_lbl" xml:lang="en-US" id="id_5214848_1283603_1_1">Long-term Debt, Maturities, Repayments of Principal in Year Four</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_lbl" xml:lang="en-US" id="id_5214848_1283603_2_1">2019</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour" xlink:to="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearNine" xlink:label="pld_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearNine"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearNine_lbl" xml:lang="en-US" id="id_5214848_1319474_3_1">Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing in the ninth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearNine_lbl" xml:lang="en-US" id="id_5214848_1319474_1_1">Long Term Debt Maturities Repayments Of Principal In Year Nine</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearNine_lbl" xml:lang="en-US" id="id_5214848_1319474_2_1">2024</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearNine" xlink:to="pld_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearNine_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearSeven" xlink:label="pld_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearSeven"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearSeven_lbl" xml:lang="en-US" id="id_5214848_1385173_3_1">Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing in the seventh fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearSeven_lbl" xml:lang="en-US" id="id_5214848_1385173_1_1">Long Term Debt Maturities Repayments Of Principal In Year Seven</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearSeven_lbl" xml:lang="en-US" id="id_5214848_1385173_2_1">2022</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearSeven" xlink:to="pld_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearSeven_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearSix" xlink:label="pld_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearSix"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearSix_lbl" xml:lang="en-US" id="id_5214848_1443874_3_1">Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing in the sixth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearSix_lbl" xml:lang="en-US" id="id_5214848_1443874_1_1">Long Term Debt Maturities Repayments Of Principal In Year Six</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearSix_lbl" xml:lang="en-US" id="id_5214848_1443874_2_1">2021</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearSix" xlink:to="pld_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearSix_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_lbl" xml:lang="en-US" id="id_5214848_1282259_1_1">Long-term Debt, Maturities, Repayments of Principal in Year Three</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_lbl" xml:lang="en-US" id="id_5214848_1282259_2_1">2018</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree" xlink:to="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_lbl" xml:lang="en-US" id="id_5214848_1284924_1_1">Long-term Debt, Maturities, Repayments of Principal in Year Two</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_lbl" xml:lang="en-US" id="id_5214848_1284924_2_1">2017</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo" xlink:to="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear_lbl" xml:lang="en-US" id="id_5214848_1284053_1_1">Long-term Debt, Maturities, Repayments of Principal, Remainder of Fiscal Year</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear_lbl" xml:lang="en-US" id="id_5214848_1284053_2_1">2015</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear" xlink:to="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongtermDebtTypeAxis" xlink:label="us-gaap_LongtermDebtTypeAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LongtermDebtTypeAxis_lbl" xml:lang="en-US" id="id_5214848_1279211_1_1">Long-term Debt, Type [Axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LongtermDebtTypeAxis_lbl" xml:lang="en-US" id="id_5214848_1279211_2_1">Long-term Debt, Type [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongtermDebtTypeAxis" xlink:to="us-gaap_LongtermDebtTypeAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongtermDebtTypeDomain" xlink:label="us-gaap_LongtermDebtTypeDomain"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LongtermDebtTypeDomain_lbl" xml:lang="en-US" id="id_5214848_1270935_1_1">Long-term Debt, Type [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LongtermDebtTypeDomain_lbl" xml:lang="en-US" id="id_5214848_1270935_2_1">Long-term Debt, Type [Domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongtermDebtTypeDomain" xlink:to="us-gaap_LongtermDebtTypeDomain_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongTermNotesAndLoans" xlink:label="us-gaap_LongTermNotesAndLoans"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LongTermNotesAndLoans_lbl" xml:lang="en-US" id="id_5214848_1281765_1_1">Notes and Loans, Noncurrent</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LongTermNotesAndLoans_lbl" xml:lang="en-US" id="id_5214848_1281765_2_1">Term loan amount</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermNotesAndLoans" xlink:to="us-gaap_LongTermNotesAndLoans_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_LosAltosIndParkMember" xlink:label="pld_LosAltosIndParkMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_LosAltosIndParkMember_lbl" xml:lang="en-US" id="id_5214848_1523776_3_1">Los Altos Ind Park.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_LosAltosIndParkMember_lbl" xml:lang="en-US" id="id_5214848_1523776_1_1">Los Altos Ind Park [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_LosAltosIndParkMember_lbl" xml:lang="en-US" id="id_5214848_1523776_2_1">Los Altos Ind Park [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_LosAltosIndParkMember" xlink:to="pld_LosAltosIndParkMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_LosAngelesIndustrialCenterMember" xlink:label="pld_LosAngelesIndustrialCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_LosAngelesIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1527530_3_1">Los Angeles industrial center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_LosAngelesIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1527530_1_1">Los Angeles Industrial Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_LosAngelesIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1527530_2_1">Los Angeles Industrial Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_LosAngelesIndustrialCenterMember" xlink:to="pld_LosAngelesIndustrialCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_LouisvilleKentuckyMember" xlink:label="pld_LouisvilleKentuckyMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_LouisvilleKentuckyMember_lbl" xml:lang="en-US" id="id_5214848_1487854_3_1">Louisville, Kentucky [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_LouisvilleKentuckyMember_lbl" xml:lang="en-US" id="id_5214848_1487854_1_1">Louisville, Kentucky [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_LouisvilleKentuckyMember_lbl" xml:lang="en-US" id="id_5214848_1487854_2_1">Louisville, Kentucky [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_LouisvilleKentuckyMember" xlink:to="pld_LouisvilleKentuckyMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_MaconDistributionCenterMember" xlink:label="pld_MaconDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_MaconDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1341897_3_1">Macon distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_MaconDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1341897_1_1">Macon Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_MaconDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1341897_2_1">Macon Dist Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_MaconDistributionCenterMember" xlink:to="pld_MaconDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_MacroDistributionCenterMember" xlink:label="pld_MacroDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_MacroDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1536160_3_1">Macro distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_MacroDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1536160_1_1">Macro Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_MacroDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1536160_2_1">Macro Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_MacroDistributionCenterMember" xlink:to="pld_MacroDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_MahwahCorporateCenterMember" xlink:label="pld_MahwahCorporateCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_MahwahCorporateCenterMember_lbl" xml:lang="en-US" id="id_5214848_1332851_3_1">Mahwah Corporate Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_MahwahCorporateCenterMember_lbl" xml:lang="en-US" id="id_5214848_1332851_1_1">Mahwah Corporate Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_MahwahCorporateCenterMember_lbl" xml:lang="en-US" id="id_5214848_1332851_2_1">Mahwah Corporate Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_MahwahCorporateCenterMember" xlink:to="pld_MahwahCorporateCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MajorPropertyClassAxis" xlink:label="us-gaap_MajorPropertyClassAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MajorPropertyClassAxis_lbl" xml:lang="en-US" id="id_5214848_1275931_1_1">Major Property Class [Axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_MajorPropertyClassAxis_lbl" xml:lang="en-US" id="id_5214848_1275931_2_1">Major Property Class [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MajorPropertyClassAxis" xlink:to="us-gaap_MajorPropertyClassAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MajorPropertyClassDomain" xlink:label="us-gaap_MajorPropertyClassDomain"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MajorPropertyClassDomain_lbl" xml:lang="en-US" id="id_5214848_1280805_1_1">Major Property Class [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_MajorPropertyClassDomain_lbl" xml:lang="en-US" id="id_5214848_1280805_2_1">Major Property Class [Domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MajorPropertyClassDomain" xlink:to="us-gaap_MajorPropertyClassDomain_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ManagementContracts" xlink:label="pld_ManagementContracts"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ManagementContracts_lbl" xml:lang="en-US" id="id_5214848_1300249_3_1">Management Contracts</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ManagementContracts_lbl" xml:lang="en-US" id="id_5214848_1300249_1_1">Management Contracts</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ManagementContracts_lbl" xml:lang="en-US" id="id_5214848_1300249_2_1">Management contracts</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ManagementContracts" xlink:to="pld_ManagementContracts_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ManagementFeesExpenses" xlink:label="pld_ManagementFeesExpenses"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ManagementFeesExpenses_lbl" xml:lang="en-US" id="id_5214848_1471368_3_1">Management Fees Expenses</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ManagementFeesExpenses_lbl" xml:lang="en-US" id="id_5214848_1471368_1_1">Management Fees Expenses</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ManagementFeesExpenses_lbl" xml:lang="en-US" id="id_5214848_1471368_2_1">Expenses included in strategic capital expenses</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ManagementFeesExpenses" xlink:to="pld_ManagementFeesExpenses_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ManagementFeesRevenue" xlink:label="us-gaap_ManagementFeesRevenue"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ManagementFeesRevenue_lbl" xml:lang="en-US" id="id_5214848_1284920_1_1">Management Fees Revenue</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:label="us-gaap_ManagementFeesRevenue_lbl" xml:lang="en-US" id="id_5214848_1284920_32_1">Third party investors portion reflected as a component of Noncontrolling Interest</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/positiveTerseLabel" xlink:label="us-gaap_ManagementFeesRevenue_lbl" xml:lang="en-US" id="id_5214848_1284920_33_1">Third party investors portion reflected in strategic capital income</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ManagementFeesRevenue_lbl" xml:lang="en-US" id="id_5214848_1284920_2_1">Strategic capital income</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_ManagementFeesRevenue_lbl" xml:lang="en-US" id="id_5214848_1284920_12_1">Strategic capital revenue</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ManagementFeesRevenue" xlink:to="us-gaap_ManagementFeesRevenue_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_MantecaDistributionCenterMember" xlink:label="pld_MantecaDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_MantecaDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1399172_3_1">Manteca distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_MantecaDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1399172_1_1">Manteca Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_MantecaDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1399172_2_1">Manteca Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_MantecaDistributionCenterMember" xlink:to="pld_MantecaDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_MarlinDistributionCenterMember" xlink:label="pld_MarlinDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_MarlinDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1308481_3_1">Marlin Distribution Center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_MarlinDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1308481_1_1">Marlin Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_MarlinDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1308481_2_1">Marlin Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_MarlinDistributionCenterMember" xlink:to="pld_MarlinDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_MartinScottIndPortMember" xlink:label="pld_MartinScottIndPortMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_MartinScottIndPortMember_lbl" xml:lang="en-US" id="id_5214848_1322785_3_1">Martin-Scott Ind Port [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_MartinScottIndPortMember_lbl" xml:lang="en-US" id="id_5214848_1322785_1_1">Martin Scott Ind Port [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_MartinScottIndPortMember_lbl" xml:lang="en-US" id="id_5214848_1322785_2_1">Martin-Scott Ind Port [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_MartinScottIndPortMember" xlink:to="pld_MartinScottIndPortMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MaterialReconcilingItemsMember" xlink:label="us-gaap_MaterialReconcilingItemsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MaterialReconcilingItemsMember_lbl" xml:lang="en-US" id="id_5214848_1269323_1_1">Segment Reconciling Items [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_MaterialReconcilingItemsMember_lbl" xml:lang="en-US" id="id_5214848_1269323_2_1">Reconciling Items [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MaterialReconcilingItemsMember" xlink:to="us-gaap_MaterialReconcilingItemsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_MaturedOrExpiredDerivativeContracts" xlink:label="pld_MaturedOrExpiredDerivativeContracts"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_MaturedOrExpiredDerivativeContracts_lbl" xml:lang="en-US" id="id_5214848_1390580_3_1">Matured or expired derivative contracts.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_MaturedOrExpiredDerivativeContracts_lbl" xml:lang="en-US" id="id_5214848_1390580_1_1">Matured Or Expired Derivative Contracts</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pld_MaturedOrExpiredDerivativeContracts_lbl" xml:lang="en-US" id="id_5214848_1390580_14_1">Matured or expired contracts</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_MaturedOrExpiredDerivativeContracts" xlink:to="pld_MaturedOrExpiredDerivativeContracts_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_MaturityDateOfInterestRateSwap" xlink:label="pld_MaturityDateOfInterestRateSwap"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_MaturityDateOfInterestRateSwap_lbl" xml:lang="en-US" id="id_5214848_1423369_3_1">Maturity Date Of Interest Rate Swap</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_MaturityDateOfInterestRateSwap_lbl" xml:lang="en-US" id="id_5214848_1423369_1_1">Maturity Date Of Interest Rate Swap</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_MaturityDateOfInterestRateSwap_lbl" xml:lang="en-US" id="id_5214848_1423369_2_1">Maturity date of interest rate swap contracts</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_MaturityDateOfInterestRateSwap" xlink:to="pld_MaturityDateOfInterestRateSwap_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_MaximumAggregateGrossSaleProceedsFromIssuanceOfCommonStock" xlink:label="pld_MaximumAggregateGrossSaleProceedsFromIssuanceOfCommonStock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_MaximumAggregateGrossSaleProceedsFromIssuanceOfCommonStock_lbl" xml:lang="en-US" id="id_5214848_1430638_3_1">Maximum Aggregate Gross Sale Proceeds From Issuance Of Common Stock</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_MaximumAggregateGrossSaleProceedsFromIssuanceOfCommonStock_lbl" xml:lang="en-US" id="id_5214848_1430638_1_1">Maximum Aggregate Gross Sale Proceeds From Issuance Of Common Stock</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_MaximumAggregateGrossSaleProceedsFromIssuanceOfCommonStock_lbl" xml:lang="en-US" id="id_5214848_1430638_2_1">Maximum proceeds from sale of stock</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_MaximumAggregateGrossSaleProceedsFromIssuanceOfCommonStock" xlink:to="pld_MaximumAggregateGrossSaleProceedsFromIssuanceOfCommonStock_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MaximumLengthOfTimeHedgedInCashFlowHedge1" xlink:label="us-gaap_MaximumLengthOfTimeHedgedInCashFlowHedge1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MaximumLengthOfTimeHedgedInCashFlowHedge1_lbl" xml:lang="en-US" id="id_5214848_1280828_1_1">Maximum Length of Time Hedged in Cash Flow Hedge</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_MaximumLengthOfTimeHedgedInCashFlowHedge1_lbl" xml:lang="en-US" id="id_5214848_1280828_2_1">Maximum length of time hedged in cash flow hedges</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MaximumLengthOfTimeHedgedInCashFlowHedge1" xlink:to="us-gaap_MaximumLengthOfTimeHedgedInCashFlowHedge1_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MaximumMember" xlink:label="us-gaap_MaximumMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MaximumMember_lbl" xml:lang="en-US" id="id_5214848_1275948_1_1">Maximum [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_MaximumMember_lbl" xml:lang="en-US" id="id_5214848_1275948_2_1">Maximum [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MaximumMember" xlink:to="us-gaap_MaximumMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_MaximumPercentageOfBeneficialInterestOfOutstandingShares" xlink:label="pld_MaximumPercentageOfBeneficialInterestOfOutstandingShares"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_MaximumPercentageOfBeneficialInterestOfOutstandingShares_lbl" xml:lang="en-US" id="id_5214848_1565172_3_1">Maximum percentage of beneficial interest of outstanding shares.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_MaximumPercentageOfBeneficialInterestOfOutstandingShares_lbl" xml:lang="en-US" id="id_5214848_1565172_1_1">Maximum Percentage Of Beneficial Interest Of Outstanding Shares</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_MaximumPercentageOfBeneficialInterestOfOutstandingShares_lbl" xml:lang="en-US" id="id_5214848_1565172_2_1">Beneficial interest of outstanding shares</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_MaximumPercentageOfBeneficialInterestOfOutstandingShares" xlink:to="pld_MaximumPercentageOfBeneficialInterestOfOutstandingShares_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_MciCargoCenterOneMember" xlink:label="pld_MciCargoCenterOneMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_MciCargoCenterOneMember_lbl" xml:lang="en-US" id="id_5214848_1448343_3_1">Mci Cargo Center One.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_MciCargoCenterOneMember_lbl" xml:lang="en-US" id="id_5214848_1448343_1_1">Mci Cargo Center One [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_MciCargoCenterOneMember_lbl" xml:lang="en-US" id="id_5214848_1448343_2_1">MCI Cargo Center 1 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_MciCargoCenterOneMember" xlink:to="pld_MciCargoCenterOneMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_MciCargoCenterTwoMember" xlink:label="pld_MciCargoCenterTwoMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_MciCargoCenterTwoMember_lbl" xml:lang="en-US" id="id_5214848_1424598_3_1">Mci Cargo Center Two.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_MciCargoCenterTwoMember_lbl" xml:lang="en-US" id="id_5214848_1424598_1_1">Mci Cargo Center Two [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_MciCargoCenterTwoMember_lbl" xml:lang="en-US" id="id_5214848_1424598_2_1">MCI Cargo Center 2 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_MciCargoCenterTwoMember" xlink:to="pld_MciCargoCenterTwoMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_MeadowlandDistributionCenterMember" xlink:label="pld_MeadowlandDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_MeadowlandDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1316851_3_1">Meadowland distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_MeadowlandDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1316851_1_1">Meadowland Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_MeadowlandDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1316851_2_1">Meadowland Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_MeadowlandDistributionCenterMember" xlink:to="pld_MeadowlandDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_MeadowlandIndustrialCenterMember" xlink:label="pld_MeadowlandIndustrialCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_MeadowlandIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1567409_3_1">Meadowland industrial center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_MeadowlandIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1567409_1_1">Meadowland Industrial Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_MeadowlandIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1567409_2_1">Meadowland Industrial Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_MeadowlandIndustrialCenterMember" xlink:to="pld_MeadowlandIndustrialCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_MeadowlandsAlfTwoMember" xlink:label="pld_MeadowlandsAlfTwoMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_MeadowlandsAlfTwoMember_lbl" xml:lang="en-US" id="id_5214848_1416857_3_1">Meadowlands Alf Two [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_MeadowlandsAlfTwoMember_lbl" xml:lang="en-US" id="id_5214848_1416857_1_1">Meadowlands Alf Two [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_MeadowlandsAlfTwoMember_lbl" xml:lang="en-US" id="id_5214848_1416857_2_1">Meadowlands ALF II [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_MeadowlandsAlfTwoMember" xlink:to="pld_MeadowlandsAlfTwoMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_MeadowlandsParkMember" xlink:label="pld_MeadowlandsParkMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_MeadowlandsParkMember_lbl" xml:lang="en-US" id="id_5214848_1460155_3_1">Meadowlands Park [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_MeadowlandsParkMember_lbl" xml:lang="en-US" id="id_5214848_1460155_1_1">Meadowlands Park [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_MeadowlandsParkMember_lbl" xml:lang="en-US" id="id_5214848_1460155_2_1">Meadowlands Park [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_MeadowlandsParkMember" xlink:to="pld_MeadowlandsParkMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_MeadowLaneMember" xlink:label="pld_MeadowLaneMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_MeadowLaneMember_lbl" xml:lang="en-US" id="id_5214848_1530854_3_1">Meadow Lane [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_MeadowLaneMember_lbl" xml:lang="en-US" id="id_5214848_1530854_1_1">Meadow Lane [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_MeadowLaneMember_lbl" xml:lang="en-US" id="id_5214848_1530854_2_1">Meadow Lane [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_MeadowLaneMember" xlink:to="pld_MeadowLaneMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_MeadowridgeDistributionCenterMember" xlink:label="pld_MeadowridgeDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_MeadowridgeDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1531544_3_1">Meadowridge distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_MeadowridgeDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1531544_1_1">Meadowridge Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_MeadowridgeDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1531544_2_1">Meadowridge Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_MeadowridgeDistributionCenterMember" xlink:to="pld_MeadowridgeDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_MeadowridgeIndustrialMember" xlink:label="pld_MeadowridgeIndustrialMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_MeadowridgeIndustrialMember_lbl" xml:lang="en-US" id="id_5214848_1505511_3_1">Meadowridge Industrial [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_MeadowridgeIndustrialMember_lbl" xml:lang="en-US" id="id_5214848_1505511_1_1">Meadowridge Industrial [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_MeadowridgeIndustrialMember_lbl" xml:lang="en-US" id="id_5214848_1505511_2_1">Meadowridge Industrial [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_MeadowridgeIndustrialMember" xlink:to="pld_MeadowridgeIndustrialMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_MeadowvaleDistCtrMember" xlink:label="pld_MeadowvaleDistCtrMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_MeadowvaleDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1354906_3_1">Meadowvale Dist Ctr [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_MeadowvaleDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1354906_1_1">Meadowvale Dist Ctr [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_MeadowvaleDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1354906_2_1">Meadowvale Dist Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_MeadowvaleDistCtrMember" xlink:to="pld_MeadowvaleDistCtrMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_MeeraneDistributionCenterMember" xlink:label="pld_MeeraneDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_MeeraneDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1316860_3_1">Meerane distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_MeeraneDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1316860_1_1">Meerane Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_MeeraneDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1316860_2_1">Meerane Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_MeeraneDistributionCenterMember" xlink:to="pld_MeeraneDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_MelroseParkDistributionCtrMember" xlink:label="pld_MelroseParkDistributionCtrMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_MelroseParkDistributionCtrMember_lbl" xml:lang="en-US" id="id_5214848_1437156_3_1">Melrose Park Distribution Ctr [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_MelroseParkDistributionCtrMember_lbl" xml:lang="en-US" id="id_5214848_1437156_1_1">Melrose Park Distribution Ctr [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_MelroseParkDistributionCtrMember_lbl" xml:lang="en-US" id="id_5214848_1437156_2_1">Melrose Park Distribution Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_MelroseParkDistributionCtrMember" xlink:to="pld_MelroseParkDistributionCtrMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_MemphisDistributionCenterMember" xlink:label="pld_MemphisDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_MemphisDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1335824_3_1">Memphis distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_MemphisDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1335824_1_1">Memphis Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_MemphisDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1335824_2_1">Memphis Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_MemphisDistributionCenterMember" xlink:to="pld_MemphisDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_MemphisIndustrialParkMember" xlink:label="pld_MemphisIndustrialParkMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_MemphisIndustrialParkMember_lbl" xml:lang="en-US" id="id_5214848_1383053_3_1">Memphis Industrial Park [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_MemphisIndustrialParkMember_lbl" xml:lang="en-US" id="id_5214848_1383053_1_1">Memphis Industrial Park [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_MemphisIndustrialParkMember_lbl" xml:lang="en-US" id="id_5214848_1383053_2_1">Memphis Ind Park [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_MemphisIndustrialParkMember" xlink:to="pld_MemphisIndustrialParkMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_MemphisTennesseeMember" xlink:label="pld_MemphisTennesseeMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_MemphisTennesseeMember_lbl" xml:lang="en-US" id="id_5214848_1469018_3_1">Memphis Tennessee.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_MemphisTennesseeMember_lbl" xml:lang="en-US" id="id_5214848_1469018_1_1">Memphis Tennessee [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_MemphisTennesseeMember_lbl" xml:lang="en-US" id="id_5214848_1469018_2_1">Memphis, Tennessee [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_MemphisTennesseeMember" xlink:to="pld_MemphisTennesseeMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_MeredithKleppeBusinessCenterMember" xlink:label="pld_MeredithKleppeBusinessCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_MeredithKleppeBusinessCenterMember_lbl" xml:lang="en-US" id="id_5214848_1497253_3_1">Meredith kleppe business center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_MeredithKleppeBusinessCenterMember_lbl" xml:lang="en-US" id="id_5214848_1497253_1_1">Meredith Kleppe Business Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_MeredithKleppeBusinessCenterMember_lbl" xml:lang="en-US" id="id_5214848_1497253_2_1">Meredith Kleppe Business Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_MeredithKleppeBusinessCenterMember" xlink:to="pld_MeredithKleppeBusinessCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_MeridianParkMember" xlink:label="pld_MeridianParkMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_MeridianParkMember_lbl" xml:lang="en-US" id="id_5214848_1524358_3_1">Meridian park.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_MeridianParkMember_lbl" xml:lang="en-US" id="id_5214848_1524358_1_1">Meridian Park [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_MeridianParkMember_lbl" xml:lang="en-US" id="id_5214848_1524358_2_1">Meridian Park [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_MeridianParkMember" xlink:to="pld_MeridianParkMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_MesquiteDistCtrMember" xlink:label="pld_MesquiteDistCtrMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_MesquiteDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1368774_3_1">Mesquite Dist Ctr [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_MesquiteDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1368774_1_1">Mesquite Dist Ctr [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_MesquiteDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1368774_2_1">Mesquite Dist Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_MesquiteDistCtrMember" xlink:to="pld_MesquiteDistCtrMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_MesquiteDistThirdMember" xlink:label="pld_MesquiteDistThirdMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_MesquiteDistThirdMember_lbl" xml:lang="en-US" id="id_5214848_1293415_3_1">Mesquite Dist Third [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_MesquiteDistThirdMember_lbl" xml:lang="en-US" id="id_5214848_1293415_1_1">Mesquite Dist Third [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_MesquiteDistThirdMember_lbl" xml:lang="en-US" id="id_5214848_1293415_2_1">Mesquite Dist III [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_MesquiteDistThirdMember" xlink:to="pld_MesquiteDistThirdMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_MetFourTwelveLtdMember" xlink:label="pld_MetFourTwelveLtdMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_MetFourTwelveLtdMember_lbl" xml:lang="en-US" id="id_5214848_1421615_3_1">Met four twelve Ltd [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_MetFourTwelveLtdMember_lbl" xml:lang="en-US" id="id_5214848_1421615_1_1">Met Four Twelve Ltd [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_MetFourTwelveLtdMember_lbl" xml:lang="en-US" id="id_5214848_1421615_2_1">MET 4-12 LTD [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_MetFourTwelveLtdMember" xlink:to="pld_MetFourTwelveLtdMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_MetphaseOneHundredNinetyFiveLtdMember" xlink:label="pld_MetphaseOneHundredNinetyFiveLtdMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_MetphaseOneHundredNinetyFiveLtdMember_lbl" xml:lang="en-US" id="id_5214848_1536183_3_1">Metphase One Hundred Ninety Five Ltd [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_MetphaseOneHundredNinetyFiveLtdMember_lbl" xml:lang="en-US" id="id_5214848_1536183_1_1">Metphase One Hundred Ninety Five Ltd [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_MetphaseOneHundredNinetyFiveLtdMember_lbl" xml:lang="en-US" id="id_5214848_1536183_2_1">MET PHASE 1 95 LTD [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_MetphaseOneHundredNinetyFiveLtdMember" xlink:to="pld_MetphaseOneHundredNinetyFiveLtdMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_MexicoCityMember" xlink:label="pld_MexicoCityMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_MexicoCityMember_lbl" xml:lang="en-US" id="id_5214848_1293792_3_1">Mexico city.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_MexicoCityMember_lbl" xml:lang="en-US" id="id_5214848_1293792_1_1">Mexico City [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_MexicoCityMember_lbl" xml:lang="en-US" id="id_5214848_1293792_2_1">Mexico City [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_MexicoCityMember" xlink:to="pld_MexicoCityMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_MexicoFondoLogisticoAforesMember" xlink:label="pld_MexicoFondoLogisticoAforesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_MexicoFondoLogisticoAforesMember_lbl" xml:lang="en-US" id="id_5214848_1510290_3_1">Mexico Fondo Logistico Afores [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_MexicoFondoLogisticoAforesMember_lbl" xml:lang="en-US" id="id_5214848_1510290_1_1">Mexico Fondo Logistico Afores [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_MexicoFondoLogisticoAforesMember_lbl" xml:lang="en-US" id="id_5214848_1510290_2_1">Mexico Fondo Logistico Afores [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_MexicoFondoLogisticoAforesMember" xlink:to="pld_MexicoFondoLogisticoAforesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_MexicoFondoLogisticoMember" xlink:label="pld_MexicoFondoLogisticoMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_MexicoFondoLogisticoMember_lbl" xml:lang="en-US" id="id_5214848_1493054_3_1">MFL.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_MexicoFondoLogisticoMember_lbl" xml:lang="en-US" id="id_5214848_1493054_1_1">Mexico Fondo Logistico [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_MexicoFondoLogisticoMember_lbl" xml:lang="en-US" id="id_5214848_1493054_2_1">Mexico Fondo Logistico [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_MexicoFondoLogisticoMember" xlink:to="pld_MexicoFondoLogisticoMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_MiamiAirportBusinessCenterMember" xlink:label="pld_MiamiAirportBusinessCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_MiamiAirportBusinessCenterMember_lbl" xml:lang="en-US" id="id_5214848_1521017_3_1">Miami Airport Business Center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_MiamiAirportBusinessCenterMember_lbl" xml:lang="en-US" id="id_5214848_1521017_1_1">Miami Airport Business Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_MiamiAirportBusinessCenterMember_lbl" xml:lang="en-US" id="id_5214848_1521017_2_1">Miami Airport Business Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_MiamiAirportBusinessCenterMember" xlink:to="pld_MiamiAirportBusinessCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_MidCountiesIndustrialCenterMember" xlink:label="pld_MidCountiesIndustrialCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_MidCountiesIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1528039_3_1">Mid counties industrial center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_MidCountiesIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1528039_1_1">Mid Counties Industrial Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_MidCountiesIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1528039_2_1">Mid Counties Industrial Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_MidCountiesIndustrialCenterMember" xlink:to="pld_MidCountiesIndustrialCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_MidlandDistributionCenterMember" xlink:label="pld_MidlandDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_MidlandDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1495361_3_1">Midland distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_MidlandDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1495361_1_1">Midland Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_MidlandDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1495361_2_1">Midland Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_MidlandDistributionCenterMember" xlink:to="pld_MidlandDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_MidpointParkMember" xlink:label="pld_MidpointParkMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_MidpointParkMember_lbl" xml:lang="en-US" id="id_5214848_1332495_3_1">Midpoint park.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_MidpointParkMember_lbl" xml:lang="en-US" id="id_5214848_1332495_1_1">Midpoint Park [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_MidpointParkMember_lbl" xml:lang="en-US" id="id_5214848_1332495_2_1">Midpoint Park [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_MidpointParkMember" xlink:to="pld_MidpointParkMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_MillcreekDistributionCtrMember" xlink:label="pld_MillcreekDistributionCtrMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_MillcreekDistributionCtrMember_lbl" xml:lang="en-US" id="id_5214848_1480963_3_1">Millcreek Distribution Ctr.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_MillcreekDistributionCtrMember_lbl" xml:lang="en-US" id="id_5214848_1480963_1_1">Millcreek Distribution Ctr [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_MillcreekDistributionCtrMember_lbl" xml:lang="en-US" id="id_5214848_1480963_2_1">Millcreek Distribution Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_MillcreekDistributionCtrMember" xlink:to="pld_MillcreekDistributionCtrMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_MillikenDistributionCenterMember" xlink:label="pld_MillikenDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_MillikenDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1344480_3_1">Milliken Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_MillikenDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1344480_1_1">Milliken Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_MillikenDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1344480_2_1">Milliken Dist Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_MillikenDistributionCenterMember" xlink:to="pld_MillikenDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_MillStreetDistributionCenterMember" xlink:label="pld_MillStreetDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_MillStreetDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1610191_3_1">Mill Street Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_MillStreetDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1610191_1_1">Mill Street Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_MillStreetDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1610191_2_1">Mill Street Dist Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_MillStreetDistributionCenterMember" xlink:to="pld_MillStreetDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_MillStreetSpecialDistributionCenterMember" xlink:label="pld_MillStreetSpecialDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_MillStreetSpecialDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1610190_3_1">Mill Street Special Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_MillStreetSpecialDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1610190_1_1">Mill Street Special Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_MillStreetSpecialDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1610190_2_1">Mill Street Specl Dist Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_MillStreetSpecialDistributionCenterMember" xlink:to="pld_MillStreetSpecialDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_MiltonCrossingsBusPkMember" xlink:label="pld_MiltonCrossingsBusPkMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_MiltonCrossingsBusPkMember_lbl" xml:lang="en-US" id="id_5214848_1480859_3_1">Milton Crossings Bus Pk.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_MiltonCrossingsBusPkMember_lbl" xml:lang="en-US" id="id_5214848_1480859_1_1">Milton Crossings Bus Pk [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_MiltonCrossingsBusPkMember_lbl" xml:lang="en-US" id="id_5214848_1480859_2_1">Milton Crossings Bus Pk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_MiltonCrossingsBusPkMember" xlink:to="pld_MiltonCrossingsBusPkMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_MiltonFourZeroOneBusParkMember" xlink:label="pld_MiltonFourZeroOneBusParkMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_MiltonFourZeroOneBusParkMember_lbl" xml:lang="en-US" id="id_5214848_1426274_3_1">Milton 401 Bus. Park.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_MiltonFourZeroOneBusParkMember_lbl" xml:lang="en-US" id="id_5214848_1426274_1_1">Milton Four Zero One Bus Park [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_MiltonFourZeroOneBusParkMember_lbl" xml:lang="en-US" id="id_5214848_1426274_2_1">Milton 401 Bus. Park [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_MiltonFourZeroOneBusParkMember" xlink:to="pld_MiltonFourZeroOneBusParkMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_MiltonFourZeroTwoBusParkMember" xlink:label="pld_MiltonFourZeroTwoBusParkMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_MiltonFourZeroTwoBusParkMember_lbl" xml:lang="en-US" id="id_5214848_1538680_3_1">Milton 402 Bus Park.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_MiltonFourZeroTwoBusParkMember_lbl" xml:lang="en-US" id="id_5214848_1538680_1_1">Milton Four Zero Two Bus Park [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_MiltonFourZeroTwoBusParkMember_lbl" xml:lang="en-US" id="id_5214848_1538680_2_1">Milton 402 Bus Park [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_MiltonFourZeroTwoBusParkMember" xlink:to="pld_MiltonFourZeroTwoBusParkMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_MinimumLeasePaymentsOnLeasesPeriods" xlink:label="pld_MinimumLeasePaymentsOnLeasesPeriods"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_MinimumLeasePaymentsOnLeasesPeriods_lbl" xml:lang="en-US" id="id_5214848_1396534_3_1">Minimum lease payments on leases periods.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_MinimumLeasePaymentsOnLeasesPeriods_lbl" xml:lang="en-US" id="id_5214848_1396534_1_1">Minimum Lease Payments On Leases Periods</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_MinimumLeasePaymentsOnLeasesPeriods_lbl" xml:lang="en-US" id="id_5214848_1396534_2_1">Minimum lease payments on leases periods</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_MinimumLeasePaymentsOnLeasesPeriods" xlink:to="pld_MinimumLeasePaymentsOnLeasesPeriods_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MinimumMember" xlink:label="us-gaap_MinimumMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MinimumMember_lbl" xml:lang="en-US" id="id_5214848_1277596_1_1">Minimum [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_MinimumMember_lbl" xml:lang="en-US" id="id_5214848_1277596_2_1">Minimum [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MinimumMember" xlink:to="us-gaap_MinimumMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_MinookaDistributionCenterMember" xlink:label="pld_MinookaDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_MinookaDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1371936_3_1">Minooka distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_MinookaDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1371936_1_1">Minooka Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_MinookaDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1371936_2_1">Minooka Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_MinookaDistributionCenterMember" xlink:to="pld_MinookaDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MinorityInterest" xlink:label="us-gaap_MinorityInterest"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MinorityInterest_lbl" xml:lang="en-US" id="id_5214848_1284489_1_1">Stockholders' Equity Attributable to Noncontrolling Interest</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_MinorityInterest_lbl" xml:lang="en-US" id="id_5214848_1284489_2_1">Noncontrolling interests</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_MinorityInterest_lbl" xml:lang="en-US" id="id_5214848_1284489_6_1">Prologis, Inc. noncontrolling interests</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MinorityInterest" xlink:to="us-gaap_MinorityInterest_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MinorityInterestChangeInRedemptionValue" xlink:label="us-gaap_MinorityInterestChangeInRedemptionValue"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MinorityInterestChangeInRedemptionValue_lbl" xml:lang="en-US" id="id_5214848_1284036_1_1">Noncontrolling Interest, Change in Redemption Value</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_MinorityInterestChangeInRedemptionValue_lbl" xml:lang="en-US" id="id_5214848_1284036_2_1">Limited partnership units redeemed cash amount</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MinorityInterestChangeInRedemptionValue" xlink:to="us-gaap_MinorityInterestChangeInRedemptionValue_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders" xlink:label="us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders_lbl" xml:lang="en-US" id="id_5214848_1288598_1_1">Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders_lbl" xml:lang="en-US" id="id_5214848_1288598_14_1">Settlement of noncontrolling interests</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders" xlink:to="us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MinorityInterestDecreaseFromRedemptions" xlink:label="us-gaap_MinorityInterestDecreaseFromRedemptions"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MinorityInterestDecreaseFromRedemptions_lbl" xml:lang="en-US" id="id_5214848_1287105_1_1">Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_MinorityInterestDecreaseFromRedemptions_lbl" xml:lang="en-US" id="id_5214848_1287105_14_1">Purchase of noncontrolling interests</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MinorityInterestDecreaseFromRedemptions" xlink:to="us-gaap_MinorityInterestDecreaseFromRedemptions_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MinorityInterestDisclosureTextBlock" xlink:label="us-gaap_MinorityInterestDisclosureTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MinorityInterestDisclosureTextBlock_lbl" xml:lang="en-US" id="id_5214848_1275952_1_1">Noncontrolling Interest Disclosure [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_MinorityInterestDisclosureTextBlock_lbl" xml:lang="en-US" id="id_5214848_1275952_2_1">Noncontrolling Interests</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MinorityInterestDisclosureTextBlock" xlink:to="us-gaap_MinorityInterestDisclosureTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MinorityInterestInLimitedPartnerships" xlink:label="us-gaap_MinorityInterestInLimitedPartnerships"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MinorityInterestInLimitedPartnerships_lbl" xml:lang="en-US" id="id_5214848_1281761_1_1">Noncontrolling Interest in Limited Partnerships</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_MinorityInterestInLimitedPartnerships_lbl" xml:lang="en-US" id="id_5214848_1281761_2_1">Limited partners in Prologics In.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MinorityInterestInLimitedPartnerships" xlink:to="us-gaap_MinorityInterestInLimitedPartnerships_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MinorityInterestInOperatingPartnerships" xlink:label="us-gaap_MinorityInterestInOperatingPartnerships"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MinorityInterestInOperatingPartnerships_lbl" xml:lang="en-US" id="id_5214848_1281759_1_1">Noncontrolling Interest in Operating Partnerships</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_MinorityInterestInOperatingPartnerships_lbl" xml:lang="en-US" id="id_5214848_1281759_2_1">Operating Partnership noncontrolling interest</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MinorityInterestInOperatingPartnerships" xlink:to="us-gaap_MinorityInterestInOperatingPartnerships_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MinorityInterestLineItems" xlink:label="us-gaap_MinorityInterestLineItems"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MinorityInterestLineItems_lbl" xml:lang="en-US" id="id_5214848_1275953_1_1">Noncontrolling Interest [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_MinorityInterestLineItems_lbl" xml:lang="en-US" id="id_5214848_1275953_2_1">Noncontrolling Interest [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MinorityInterestLineItems" xlink:to="us-gaap_MinorityInterestLineItems_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MinorityInterestOwnershipPercentageByParent" xlink:label="us-gaap_MinorityInterestOwnershipPercentageByParent"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MinorityInterestOwnershipPercentageByParent_lbl" xml:lang="en-US" id="id_5214848_1272650_1_1">Noncontrolling Interest, Ownership Percentage by Parent</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_MinorityInterestOwnershipPercentageByParent_lbl" xml:lang="en-US" id="id_5214848_1272650_2_1">Noncontrolling interests in real estate entities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_MinorityInterestOwnershipPercentageByParent_lbl" xml:lang="en-US" id="id_5214848_1272650_12_1">Parent Company's Ownership Percentage</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MinorityInterestOwnershipPercentageByParent" xlink:to="us-gaap_MinorityInterestOwnershipPercentageByParent_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MinorityInterestTable" xlink:label="us-gaap_MinorityInterestTable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MinorityInterestTable_lbl" xml:lang="en-US" id="id_5214848_1274310_1_1">Noncontrolling Interest [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_MinorityInterestTable_lbl" xml:lang="en-US" id="id_5214848_1274310_2_1">Noncontrolling Interest [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MinorityInterestTable" xlink:to="us-gaap_MinorityInterestTable_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_MississaugaGatewayCenterMember" xlink:label="pld_MississaugaGatewayCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_MississaugaGatewayCenterMember_lbl" xml:lang="en-US" id="id_5214848_1488660_3_1">Mississauga gateway center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_MississaugaGatewayCenterMember_lbl" xml:lang="en-US" id="id_5214848_1488660_1_1">Mississauga Gateway Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_MississaugaGatewayCenterMember_lbl" xml:lang="en-US" id="id_5214848_1488660_2_1">Mississauga Gateway Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_MississaugaGatewayCenterMember" xlink:to="pld_MississaugaGatewayCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_MitchellDistributionCenterMember" xlink:label="pld_MitchellDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_MitchellDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1447436_3_1">Mitchell distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_MitchellDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1447436_1_1">Mitchell Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_MitchellDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1447436_2_1">Mitchell Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_MitchellDistributionCenterMember" xlink:to="pld_MitchellDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_MoissyIiDistributionCenterMember" xlink:label="pld_MoissyIiDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_MoissyIiDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1380618_3_1">Moissy II Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_MoissyIiDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1380618_1_1">Moissy II Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_MoissyIiDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1380618_2_1">Moissy II Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_MoissyIiDistributionCenterMember" xlink:to="pld_MoissyIiDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_MonroeParkMember" xlink:label="pld_MonroeParkMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_MonroeParkMember_lbl" xml:lang="en-US" id="id_5214848_1609654_3_1">Monroe Park [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_MonroeParkMember_lbl" xml:lang="en-US" id="id_5214848_1609654_1_1">Monroe Park [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_MonroeParkMember_lbl" xml:lang="en-US" id="id_5214848_1609654_2_1">Monroe Park [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_MonroeParkMember" xlink:to="pld_MonroeParkMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_MonterreyAirportMember" xlink:label="pld_MonterreyAirportMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_MonterreyAirportMember_lbl" xml:lang="en-US" id="id_5214848_1308020_3_1">Monterrey airport.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_MonterreyAirportMember_lbl" xml:lang="en-US" id="id_5214848_1308020_1_1">Monterrey Airport [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_MonterreyAirportMember_lbl" xml:lang="en-US" id="id_5214848_1308020_2_1">Monterrey Airport [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_MonterreyAirportMember" xlink:to="pld_MonterreyAirportMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_MontopolisDistributionCenterMember" xlink:label="pld_MontopolisDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_MontopolisDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1506913_3_1">Montopolis distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_MontopolisDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1506913_1_1">Montopolis Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_MontopolisDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1506913_2_1">Montopolis Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_MontopolisDistributionCenterMember" xlink:to="pld_MontopolisDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_MooncreekDistributionCenterMember" xlink:label="pld_MooncreekDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_MooncreekDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1508867_3_1">Mooncreek Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_MooncreekDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1508867_1_1">Mooncreek Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_MooncreekDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1508867_2_1">Mooncreek Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_MooncreekDistributionCenterMember" xlink:to="pld_MooncreekDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_MorganBusCtrMember" xlink:label="pld_MorganBusCtrMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_MorganBusCtrMember_lbl" xml:lang="en-US" id="id_5214848_1340277_3_1">Morgan Bus Ctr [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_MorganBusCtrMember_lbl" xml:lang="en-US" id="id_5214848_1340277_1_1">Morgan Bus Ctr [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_MorganBusCtrMember_lbl" xml:lang="en-US" id="id_5214848_1340277_2_1">Morgan Bus Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_MorganBusCtrMember" xlink:to="pld_MorganBusCtrMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis" xlink:label="us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis_lbl" xml:lang="en-US" id="id_5214848_1277595_1_1">Real Estate, Type of Property [Axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis_lbl" xml:lang="en-US" id="id_5214848_1277595_2_1">Real Estate, Type of Property [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis" xlink:to="us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MortgageLoansOnRealEstateNamePropertyTypeDomain" xlink:label="us-gaap_MortgageLoansOnRealEstateNamePropertyTypeDomain"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MortgageLoansOnRealEstateNamePropertyTypeDomain_lbl" xml:lang="en-US" id="id_5214848_1274321_1_1">Real Estate [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_MortgageLoansOnRealEstateNamePropertyTypeDomain_lbl" xml:lang="en-US" id="id_5214848_1274321_2_1">Real Estate [Domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MortgageLoansOnRealEstateNamePropertyTypeDomain" xlink:to="us-gaap_MortgageLoansOnRealEstateNamePropertyTypeDomain_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_MostellerDistributionCenterMember" xlink:label="pld_MostellerDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_MostellerDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1609655_3_1">Mosteller Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_MostellerDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1609655_1_1">Mosteller Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_MostellerDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1609655_2_1">Mosteller Dist Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_MostellerDistributionCenterMember" xlink:to="pld_MostellerDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_MountainCreekMember" xlink:label="pld_MountainCreekMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_MountainCreekMember_lbl" xml:lang="en-US" id="id_5214848_1610290_3_1">Mountain Creek [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_MountainCreekMember_lbl" xml:lang="en-US" id="id_5214848_1610290_1_1">Mountain Creek [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_MountainCreekMember_lbl" xml:lang="en-US" id="id_5214848_1610290_2_1">Mountain Creek [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_MountainCreekMember" xlink:to="pld_MountainCreekMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_MuggensturmMember" xlink:label="pld_MuggensturmMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_MuggensturmMember_lbl" xml:lang="en-US" id="id_5214848_1291204_3_1">Muggensturm.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_MuggensturmMember_lbl" xml:lang="en-US" id="id_5214848_1291204_1_1">Muggensturm [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_MuggensturmMember_lbl" xml:lang="en-US" id="id_5214848_1291204_2_1">Muggensturm [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_MuggensturmMember" xlink:to="pld_MuggensturmMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_MurrayHillParkwayMember" xlink:label="pld_MurrayHillParkwayMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_MurrayHillParkwayMember_lbl" xml:lang="en-US" id="id_5214848_1394025_3_1">Murray Hill Parkway [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_MurrayHillParkwayMember_lbl" xml:lang="en-US" id="id_5214848_1394025_1_1">Murray Hill Parkway [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_MurrayHillParkwayMember_lbl" xml:lang="en-US" id="id_5214848_1394025_2_1">Murray Hill Parkway [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_MurrayHillParkwayMember" xlink:to="pld_MurrayHillParkwayMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/country/2013/country-2013-01-31.xsd#country_MX" xlink:label="country_MX"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_MX_lbl" xml:lang="en-US" id="id_5214848_1273120_1_1">MEXICO</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="country_MX_lbl" xml:lang="en-US" id="id_5214848_1273120_2_1">Mexico [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_MX" xlink:to="country_MX_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_NadarzynDistributionCenterMember" xlink:label="pld_NadarzynDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_NadarzynDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1325500_3_1">Nadarzyn distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_NadarzynDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1325500_1_1">Nadarzyn Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_NadarzynDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1325500_2_1">Nadarzyn Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_NadarzynDistributionCenterMember" xlink:to="pld_NadarzynDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_NAICSDomain" xlink:label="dei_NAICSDomain"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_NAICSDomain_lbl" xml:lang="en-US" id="id_5214848_1269878_1_1">NAICS [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_NAICSDomain_lbl" xml:lang="en-US" id="id_5214848_1269878_2_1">NAICS [Domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_NAICSDomain" xlink:to="dei_NAICSDomain_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_NarashinoFourDistributionCenterMember" xlink:label="pld_NarashinoFourDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_NarashinoFourDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1332755_3_1">Narashino Four Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_NarashinoFourDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1332755_1_1">Narashino Four Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_NarashinoFourDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1332755_2_1">Narashino IV Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_NarashinoFourDistributionCenterMember" xlink:to="pld_NarashinoFourDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_NaritaMember" xlink:label="pld_NaritaMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_NaritaMember_lbl" xml:lang="en-US" id="id_5214848_1503859_3_1">Narita 1 [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_NaritaMember_lbl" xml:lang="en-US" id="id_5214848_1503859_1_1">Narita 1 [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_NaritaMember_lbl" xml:lang="en-US" id="id_5214848_1503859_2_1">Narita 1 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_NaritaMember" xlink:to="pld_NaritaMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_NashvilleTennesseeMember" xlink:label="pld_NashvilleTennesseeMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_NashvilleTennesseeMember_lbl" xml:lang="en-US" id="id_5214848_1340410_3_1">Nashville Tennessee [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_NashvilleTennesseeMember_lbl" xml:lang="en-US" id="id_5214848_1340410_1_1">Nashville Tennessee [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_NashvilleTennesseeMember_lbl" xml:lang="en-US" id="id_5214848_1340410_2_1">Nashville Tennessee [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_NashvilleTennesseeMember" xlink:to="pld_NashvilleTennesseeMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_NationalDistCtrMember" xlink:label="pld_NationalDistCtrMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_NationalDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1610125_3_1">National Dist Ctr [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_NationalDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1610125_1_1">National Dist Ctr [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_NationalDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1610125_2_1">National Dist Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_NationalDistCtrMember" xlink:to="pld_NationalDistCtrMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_NdpChicagoMember" xlink:label="pld_NdpChicagoMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_NdpChicagoMember_lbl" xml:lang="en-US" id="id_5214848_1412614_3_1">NDP - Chicago [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_NdpChicagoMember_lbl" xml:lang="en-US" id="id_5214848_1412614_1_1">NDP Chicago [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_NdpChicagoMember_lbl" xml:lang="en-US" id="id_5214848_1412614_2_1">NDP - Chicago [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_NdpChicagoMember" xlink:to="pld_NdpChicagoMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_NdpLosAngelesMember" xlink:label="pld_NdpLosAngelesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_NdpLosAngelesMember_lbl" xml:lang="en-US" id="id_5214848_1326561_3_1">NDP - Los Angeles.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_NdpLosAngelesMember_lbl" xml:lang="en-US" id="id_5214848_1326561_1_1">Ndp Los Angeles [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_NdpLosAngelesMember_lbl" xml:lang="en-US" id="id_5214848_1326561_2_1">NDP - Los Angeles [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_NdpLosAngelesMember" xlink:to="pld_NdpLosAngelesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_NdpSeattleMember" xlink:label="pld_NdpSeattleMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_NdpSeattleMember_lbl" xml:lang="en-US" id="id_5214848_1479005_3_1">NDP - Seattle.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_NdpSeattleMember_lbl" xml:lang="en-US" id="id_5214848_1479005_1_1">NDP Seattle [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_NdpSeattleMember_lbl" xml:lang="en-US" id="id_5214848_1479005_2_1">Northwest Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_NdpSeattleMember" xlink:to="pld_NdpSeattleMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivities"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivities_lbl" xml:lang="en-US" id="id_5214848_1287591_1_1">Net Cash Provided by (Used in) Financing Activities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivities_lbl" xml:lang="en-US" id="id_5214848_1287591_2_1">Net cash used in financing activities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:to="us-gaap_NetCashProvidedByUsedInFinancingActivities_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_lbl" xml:lang="en-US" id="id_5214848_1272678_1_1">Net Cash Provided by (Used in) Financing Activities [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_lbl" xml:lang="en-US" id="id_5214848_1272678_2_1">Financing activities:</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:to="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivities"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivities_lbl" xml:lang="en-US" id="id_5214848_1286559_1_1">Net Cash Provided by (Used in) Investing Activities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivities_lbl" xml:lang="en-US" id="id_5214848_1286559_6_1">Net cash provided by (used in) investing activities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:to="us-gaap_NetCashProvidedByUsedInInvestingActivities_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_lbl" xml:lang="en-US" id="id_5214848_1275981_1_1">Net Cash Provided by (Used in) Investing Activities [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_lbl" xml:lang="en-US" id="id_5214848_1275981_2_1">Investing activities:</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:to="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivities"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivities_lbl" xml:lang="en-US" id="id_5214848_1272683_1_1">Net Cash Provided by (Used in) Operating Activities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivities_lbl" xml:lang="en-US" id="id_5214848_1272683_6_1">Net cash provided by operating activities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:to="us-gaap_NetCashProvidedByUsedInOperatingActivities_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xml:lang="en-US" id="id_5214848_1274345_1_1">Net Cash Provided by (Used in) Operating Activities [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xml:lang="en-US" id="id_5214848_1274345_2_1">Operating activities:</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:to="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_NetChargeToRentalIncome" xlink:label="pld_NetChargeToRentalIncome"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_NetChargeToRentalIncome_lbl" xml:lang="en-US" id="id_5214848_1511615_3_1">Net Charge To Rental Income</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_NetChargeToRentalIncome_lbl" xml:lang="en-US" id="id_5214848_1511615_1_1">Net Charge To Rental Income</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="pld_NetChargeToRentalIncome_lbl" xml:lang="en-US" id="id_5214848_1511615_6_1">Totals</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_NetChargeToRentalIncome" xlink:to="pld_NetChargeToRentalIncome_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_NetChargeToRentalIncomeAfterYearFive" xlink:label="pld_NetChargeToRentalIncomeAfterYearFive"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_NetChargeToRentalIncomeAfterYearFive_lbl" xml:lang="en-US" id="id_5214848_1383535_3_1">Net Charge To Rental Income After Year Five</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_NetChargeToRentalIncomeAfterYearFive_lbl" xml:lang="en-US" id="id_5214848_1383535_1_1">Net Charge To Rental Income After Year Five</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_NetChargeToRentalIncomeAfterYearFive_lbl" xml:lang="en-US" id="id_5214848_1383535_2_1">Thereafter</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_NetChargeToRentalIncomeAfterYearFive" xlink:to="pld_NetChargeToRentalIncomeAfterYearFive_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_NetChargeToRentalIncomeYearFive" xlink:label="pld_NetChargeToRentalIncomeYearFive"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_NetChargeToRentalIncomeYearFive_lbl" xml:lang="en-US" id="id_5214848_1447798_3_1">Net Charge To Rental Income Year Five</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_NetChargeToRentalIncomeYearFive_lbl" xml:lang="en-US" id="id_5214848_1447798_1_1">Net Charge To Rental Income Year Five</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_NetChargeToRentalIncomeYearFive_lbl" xml:lang="en-US" id="id_5214848_1447798_2_1">2019</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_NetChargeToRentalIncomeYearFive" xlink:to="pld_NetChargeToRentalIncomeYearFive_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_NetChargeToRentalIncomeYearFour" xlink:label="pld_NetChargeToRentalIncomeYearFour"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_NetChargeToRentalIncomeYearFour_lbl" xml:lang="en-US" id="id_5214848_1414108_3_1">Net Charge To Rental Income Year Four</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_NetChargeToRentalIncomeYearFour_lbl" xml:lang="en-US" id="id_5214848_1414108_1_1">Net Charge To Rental Income Year Four</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_NetChargeToRentalIncomeYearFour_lbl" xml:lang="en-US" id="id_5214848_1414108_2_1">2018</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_NetChargeToRentalIncomeYearFour" xlink:to="pld_NetChargeToRentalIncomeYearFour_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_NetChargeToRentalIncomeYearOne" xlink:label="pld_NetChargeToRentalIncomeYearOne"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_NetChargeToRentalIncomeYearOne_lbl" xml:lang="en-US" id="id_5214848_1297359_3_1">Net Charge To Rental Income Year One</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_NetChargeToRentalIncomeYearOne_lbl" xml:lang="en-US" id="id_5214848_1297359_1_1">Net Charge To Rental Income Year One</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_NetChargeToRentalIncomeYearOne_lbl" xml:lang="en-US" id="id_5214848_1297359_2_1">2015</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_NetChargeToRentalIncomeYearOne" xlink:to="pld_NetChargeToRentalIncomeYearOne_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_NetChargeToRentalIncomeYearThree" xlink:label="pld_NetChargeToRentalIncomeYearThree"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_NetChargeToRentalIncomeYearThree_lbl" xml:lang="en-US" id="id_5214848_1535818_3_1">Net Charge To Rental Income Year Three</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_NetChargeToRentalIncomeYearThree_lbl" xml:lang="en-US" id="id_5214848_1535818_1_1">Net Charge To Rental Income Year Three</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_NetChargeToRentalIncomeYearThree_lbl" xml:lang="en-US" id="id_5214848_1535818_2_1">2017</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_NetChargeToRentalIncomeYearThree" xlink:to="pld_NetChargeToRentalIncomeYearThree_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_NetChargeToRentalIncomeYearTwo" xlink:label="pld_NetChargeToRentalIncomeYearTwo"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_NetChargeToRentalIncomeYearTwo_lbl" xml:lang="en-US" id="id_5214848_1346187_3_1">Net Charge To Rental Income Year Two</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_NetChargeToRentalIncomeYearTwo_lbl" xml:lang="en-US" id="id_5214848_1346187_1_1">Net Charge To Rental Income Year Two</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_NetChargeToRentalIncomeYearTwo_lbl" xml:lang="en-US" id="id_5214848_1346187_2_1">2016</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_NetChargeToRentalIncomeYearTwo" xlink:to="pld_NetChargeToRentalIncomeYearTwo_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_NetGainLossOnDispositionsNetOfInvestmentsInRealEstateAndRevaluationOfEquityInvestmentsUponAcquisitionOfControllingInterest" xlink:label="pld_NetGainLossOnDispositionsNetOfInvestmentsInRealEstateAndRevaluationOfEquityInvestmentsUponAcquisitionOfControllingInterest"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_NetGainLossOnDispositionsNetOfInvestmentsInRealEstateAndRevaluationOfEquityInvestmentsUponAcquisitionOfControllingInterest_lbl" xml:lang="en-US" id="id_5214848_1612789_3_1">Net Gain Loss On Dispositions Net Of Investments In Real Estate And Revaluation Of Equity Investments Upon Acquisition Of Controlling Interest</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_NetGainLossOnDispositionsNetOfInvestmentsInRealEstateAndRevaluationOfEquityInvestmentsUponAcquisitionOfControllingInterest_lbl" xml:lang="en-US" id="id_5214848_1612789_1_1">Net Gain Loss On Dispositions Net Of Investments In Real Estate And Revaluation Of Equity Investments Upon Acquisition Of Controlling Interest</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_NetGainLossOnDispositionsNetOfInvestmentsInRealEstateAndRevaluationOfEquityInvestmentsUponAcquisitionOfControllingInterest_lbl" xml:lang="en-US" id="id_5214848_1612789_2_1">Gains on dispositions of investments in real estate and revaluation of equity investments upon acquisition of a controlling interest, net</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pld_NetGainLossOnDispositionsNetOfInvestmentsInRealEstateAndRevaluationOfEquityInvestmentsUponAcquisitionOfControllingInterest_lbl" xml:lang="en-US" id="id_5214848_1612789_14_1">Gains on dispositions of investments in real estate and revaluation of equity investments upon acquisition of a controlling interest, net</label>
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    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_NetGainLossOnDispositionsNetOfRelatedImpairmentChargesAndTaxes" xlink:label="pld_NetGainLossOnDispositionsNetOfRelatedImpairmentChargesAndTaxes"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_NetGainLossOnDispositionsNetOfRelatedImpairmentChargesAndTaxes_lbl" xml:lang="en-US" id="id_5214848_1443103_3_1">Net Gain Loss On Dispositions Net Of Related Impairment Charges And Taxes</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_NetGainLossOnDispositionsNetOfRelatedImpairmentChargesAndTaxes_lbl" xml:lang="en-US" id="id_5214848_1443103_1_1">Net Gain Loss On Dispositions Net Of Related Impairment Charges And Taxes</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_NetGainLossOnDispositionsNetOfRelatedImpairmentChargesAndTaxes_lbl" xml:lang="en-US" id="id_5214848_1443103_2_1">Net gains on dispositions, including related impairment charges and taxes</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_NetGainLossOnDispositionsNetOfRelatedImpairmentChargesAndTaxes" xlink:to="pld_NetGainLossOnDispositionsNetOfRelatedImpairmentChargesAndTaxes_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetIncomeLoss" xlink:label="us-gaap_NetIncomeLoss"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetIncomeLoss_lbl" xml:lang="en-US" id="id_5214848_1284477_1_1">Net Income (Loss) Attributable to Parent</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_NetIncomeLoss_lbl" xml:lang="en-US" id="id_5214848_1284477_6_1">Net earnings (loss) attributable to controlling interests</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetIncomeLoss" xlink:to="us-gaap_NetIncomeLoss_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetIncomeLossAttributableToNoncontrollingInterest" xlink:label="us-gaap_NetIncomeLossAttributableToNoncontrollingInterest"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_lbl" xml:lang="en-US" id="id_5214848_1288604_1_1">Net Income (Loss) Attributable to Noncontrolling Interest</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_lbl" xml:lang="en-US" id="id_5214848_1288604_14_1">Net earnings attributable to noncontrolling interests</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetIncomeLossAttributableToNoncontrollingInterest" xlink:to="us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic" xlink:label="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_lbl" xml:lang="en-US" id="id_5214848_1284476_1_1">Net Income (Loss) Available to Common Stockholders, Basic</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_lbl" xml:lang="en-US" id="id_5214848_1284476_2_1">Net earnings (loss) attributable to common stockholders</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_lbl" xml:lang="en-US" id="id_5214848_1284476_6_1">Net earnings (loss) attributable to common stockholders</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_lbl" xml:lang="en-US" id="id_5214848_1284476_12_1">Net earnings (loss) attributable to common stockholders/unitholders</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic" xlink:to="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_NetInvestmentHedgesEuroDenominatedMember" xlink:label="pld_NetInvestmentHedgesEuroDenominatedMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_NetInvestmentHedgesEuroDenominatedMember_lbl" xml:lang="en-US" id="id_5214848_1456549_3_1">Net Investment Hedges Euro Denominated [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_NetInvestmentHedgesEuroDenominatedMember_lbl" xml:lang="en-US" id="id_5214848_1456549_1_1">Net Investment Hedges Euro Denominated [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_NetInvestmentHedgesEuroDenominatedMember_lbl" xml:lang="en-US" id="id_5214848_1456549_2_1">Net Investment Hedges - Euro Denominated [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_NetInvestmentHedgesEuroDenominatedMember" xlink:to="pld_NetInvestmentHedgesEuroDenominatedMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_NetInvestmentHedgesPoundsSterlingDenominatedMember" xlink:label="pld_NetInvestmentHedgesPoundsSterlingDenominatedMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_NetInvestmentHedgesPoundsSterlingDenominatedMember_lbl" xml:lang="en-US" id="id_5214848_1597284_3_1">Net investment hedges pounds sterling denominated [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_NetInvestmentHedgesPoundsSterlingDenominatedMember_lbl" xml:lang="en-US" id="id_5214848_1597284_1_1">Net Investment Hedges Pounds Sterling Denominated [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_NetInvestmentHedgesPoundsSterlingDenominatedMember_lbl" xml:lang="en-US" id="id_5214848_1597284_2_1">Net Investment Hedges - Pounds Sterling Denominated [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_NetInvestmentHedgesPoundsSterlingDenominatedMember" xlink:to="pld_NetInvestmentHedgesPoundsSterlingDenominatedMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_NetInvestmentHedgesYenDenominatedMember" xlink:label="pld_NetInvestmentHedgesYenDenominatedMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_NetInvestmentHedgesYenDenominatedMember_lbl" xml:lang="en-US" id="id_5214848_1368975_3_1">Net Investment Hedges Yen Denominated [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_NetInvestmentHedgesYenDenominatedMember_lbl" xml:lang="en-US" id="id_5214848_1368975_1_1">Net Investment Hedges Yen Denominated [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_NetInvestmentHedgesYenDenominatedMember_lbl" xml:lang="en-US" id="id_5214848_1368975_2_1">Net Investment Hedges - Yen Denominated [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_NetInvestmentHedgesYenDenominatedMember" xlink:to="pld_NetInvestmentHedgesYenDenominatedMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetInvestmentHedgingMember" xlink:label="us-gaap_NetInvestmentHedgingMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetInvestmentHedgingMember_lbl" xml:lang="en-US" id="id_5214848_1269362_1_1">Net Investment Hedging [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_NetInvestmentHedgingMember_lbl" xml:lang="en-US" id="id_5214848_1269362_2_1">Net investment hedges [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetInvestmentHedgingMember" xlink:to="us-gaap_NetInvestmentHedgingMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_NetInvestmentsInRealEstate" xlink:label="pld_NetInvestmentsInRealEstate"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_NetInvestmentsInRealEstate_lbl" xml:lang="en-US" id="id_5214848_1409389_3_1">Total real estate investment property, net of accumulated depreciation, investments in and advances to unconsolidated entities, and receivables backed by real estate investment property and other.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_NetInvestmentsInRealEstate_lbl" xml:lang="en-US" id="id_5214848_1409389_1_1">Net Investments In Real Estate</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="pld_NetInvestmentsInRealEstate_lbl" xml:lang="en-US" id="id_5214848_1409389_6_1">Net investments in real estate</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_NetInvestmentsInRealEstate" xlink:to="pld_NetInvestmentsInRealEstate_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock" xlink:label="us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_lbl" xml:lang="en-US" id="id_5214848_1279254_1_1">New Accounting Pronouncements, Policy [Policy Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_lbl" xml:lang="en-US" id="id_5214848_1279254_2_1">New Accounting Pronouncements</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock" xlink:to="us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_NewarkAirportOneAndTwoMember" xlink:label="pld_NewarkAirportOneAndTwoMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_NewarkAirportOneAndTwoMember_lbl" xml:lang="en-US" id="id_5214848_1334788_3_1">Newark Airport One and Two [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_NewarkAirportOneAndTwoMember_lbl" xml:lang="en-US" id="id_5214848_1334788_1_1">Newark Airport One And Two [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_NewarkAirportOneAndTwoMember_lbl" xml:lang="en-US" id="id_5214848_1334788_2_1">Newark Airport I and II [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_NewarkAirportOneAndTwoMember" xlink:to="pld_NewarkAirportOneAndTwoMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_NewContracts" xlink:label="pld_NewContracts"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_NewContracts_lbl" xml:lang="en-US" id="id_5214848_1346230_3_1">New contracts on derivative instruments during the period.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_NewContracts_lbl" xml:lang="en-US" id="id_5214848_1346230_1_1">New Contracts</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_NewContracts_lbl" xml:lang="en-US" id="id_5214848_1346230_2_1">New contracts</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_NewContracts" xlink:to="pld_NewContracts_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_NewCutRoadDistributionCenterMember" xlink:label="pld_NewCutRoadDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_NewCutRoadDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1416569_3_1">New Cut Road Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_NewCutRoadDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1416569_1_1">New Cut Road Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_NewCutRoadDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1416569_2_1">New Cut Road Dist Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_NewCutRoadDistributionCenterMember" xlink:to="pld_NewCutRoadDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_NewJerseyMember" xlink:label="pld_NewJerseyMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_NewJerseyMember_lbl" xml:lang="en-US" id="id_5214848_1391198_3_1">New Jersey [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_NewJerseyMember_lbl" xml:lang="en-US" id="id_5214848_1391198_1_1">New Jersey [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_NewJerseyMember_lbl" xml:lang="en-US" id="id_5214848_1391198_2_1">New Jersey [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_NewJerseyMember" xlink:to="pld_NewJerseyMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_NewYorkNewJerseyMember" xlink:label="pld_NewYorkNewJerseyMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_NewYorkNewJerseyMember_lbl" xml:lang="en-US" id="id_5214848_1461709_3_1">New York/New Jersey [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_NewYorkNewJerseyMember_lbl" xml:lang="en-US" id="id_5214848_1461709_1_1">New York New Jersey [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_NewYorkNewJerseyMember_lbl" xml:lang="en-US" id="id_5214848_1461709_2_1">New Jersey/New York City [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_NewYorkNewJerseyMember" xlink:to="pld_NewYorkNewJerseyMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_NicholasLogisticsCenterMember" xlink:label="pld_NicholasLogisticsCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_NicholasLogisticsCenterMember_lbl" xml:lang="en-US" id="id_5214848_1454477_3_1">Nicholas Logistics Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_NicholasLogisticsCenterMember_lbl" xml:lang="en-US" id="id_5214848_1454477_1_1">Nicholas Logistics Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_NicholasLogisticsCenterMember_lbl" xml:lang="en-US" id="id_5214848_1454477_2_1">Nicholas Logistics Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_NicholasLogisticsCenterMember" xlink:to="pld_NicholasLogisticsCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_NipponPrologisReitIncMember" xlink:label="pld_NipponPrologisReitIncMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_NipponPrologisReitIncMember_lbl" xml:lang="en-US" id="id_5214848_1505626_3_1">Nippon Prologis REIT Inc [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_NipponPrologisReitIncMember_lbl" xml:lang="en-US" id="id_5214848_1505626_1_1">Nippon Prologis REIT Inc [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_NipponPrologisReitIncMember_lbl" xml:lang="en-US" id="id_5214848_1505626_2_1">Nippon Prologis REIT Inc [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_NipponPrologisReitIncMember" xlink:to="pld_NipponPrologisReitIncMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/country/2013/country-2013-01-31.xsd#country_NL" xlink:label="country_NL"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_NL_lbl" xml:lang="en-US" id="id_5214848_1269855_1_1">NETHERLANDS</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="country_NL_lbl" xml:lang="en-US" id="id_5214848_1269855_2_1">Netherlands [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_NL" xlink:to="country_NL_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NoncashMergerRelatedCosts" xlink:label="us-gaap_NoncashMergerRelatedCosts"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NoncashMergerRelatedCosts_lbl" xml:lang="en-US" id="id_5214848_1286073_1_1">Noncash Merger Related Costs</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_NoncashMergerRelatedCosts_lbl" xml:lang="en-US" id="id_5214848_1286073_2_1">Non-cash Merger, acquisition and other integration expenses</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NoncashMergerRelatedCosts" xlink:to="us-gaap_NoncashMergerRelatedCosts_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NoncashOrPartNoncashAcquisitionDebtAssumed1" xlink:label="us-gaap_NoncashOrPartNoncashAcquisitionDebtAssumed1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NoncashOrPartNoncashAcquisitionDebtAssumed1_lbl" xml:lang="en-US" id="id_5214848_1283132_1_1">Noncash or Part Noncash Acquisition, Debt Assumed</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_NoncashOrPartNoncashAcquisitionDebtAssumed1_lbl" xml:lang="en-US" id="id_5214848_1283132_2_1">Assumed debt</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NoncashOrPartNoncashAcquisitionDebtAssumed1" xlink:to="us-gaap_NoncashOrPartNoncashAcquisitionDebtAssumed1_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NoncashOrPartNoncashAcquisitionEmployeeBenefitLiabilitiesAssumed1" xlink:label="us-gaap_NoncashOrPartNoncashAcquisitionEmployeeBenefitLiabilitiesAssumed1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NoncashOrPartNoncashAcquisitionEmployeeBenefitLiabilitiesAssumed1_lbl" xml:lang="en-US" id="id_5214848_1281743_1_1">Noncash or Part Noncash Acquisition, Employee Benefit Liabilities Assumed</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_NoncashOrPartNoncashAcquisitionEmployeeBenefitLiabilitiesAssumed1_lbl" xml:lang="en-US" id="id_5214848_1281743_2_1">Capitalized for equity based compensation expense</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NoncashOrPartNoncashAcquisitionEmployeeBenefitLiabilitiesAssumed1" xlink:to="us-gaap_NoncashOrPartNoncashAcquisitionEmployeeBenefitLiabilitiesAssumed1_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NoncashOrPartNoncashAcquisitionInterestAcquired1" xlink:label="us-gaap_NoncashOrPartNoncashAcquisitionInterestAcquired1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NoncashOrPartNoncashAcquisitionInterestAcquired1_lbl" xml:lang="en-US" id="id_5214848_1280881_1_1">Noncash or Part Noncash Acquisition, Interest Acquired</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_NoncashOrPartNoncashAcquisitionInterestAcquired1_lbl" xml:lang="en-US" id="id_5214848_1280881_2_1">Percentage of ownership interests received</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NoncashOrPartNoncashAcquisitionInterestAcquired1" xlink:to="us-gaap_NoncashOrPartNoncashAcquisitionInterestAcquired1_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1" xlink:label="us-gaap_NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1_lbl" xml:lang="en-US" id="id_5214848_1288116_1_1">Noncash or Part Noncash Acquisition, Net Nonmonetary Assets Acquired (Liabilities Assumed)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1_lbl" xml:lang="en-US" id="id_5214848_1288116_2_1">Ownership interests received</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1" xlink:to="us-gaap_NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NoncontrollingInterestAbstract" xlink:label="us-gaap_NoncontrollingInterestAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NoncontrollingInterestAbstract_lbl" xml:lang="en-US" id="id_5214848_1280878_1_1">Noncontrolling Interest [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_NoncontrollingInterestAbstract_lbl" xml:lang="en-US" id="id_5214848_1280878_2_1">Noncontrolling Interest [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NoncontrollingInterestAbstract" xlink:to="us-gaap_NoncontrollingInterestAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_NoncontrollingInterestAndConsolidatedEntityTableTextBlock" xlink:label="pld_NoncontrollingInterestAndConsolidatedEntityTableTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_NoncontrollingInterestAndConsolidatedEntityTableTextBlock_lbl" xml:lang="en-US" id="id_5214848_1326611_3_1">Noncontrolling interest and consolidated entities.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_NoncontrollingInterestAndConsolidatedEntityTableTextBlock_lbl" xml:lang="en-US" id="id_5214848_1326611_1_1">Noncontrolling Interest And Consolidated Entity [Table Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_NoncontrollingInterestAndConsolidatedEntityTableTextBlock_lbl" xml:lang="en-US" id="id_5214848_1326611_2_1">Noncontrolling Interests Summary</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_NoncontrollingInterestAndConsolidatedEntityTableTextBlock" xlink:to="pld_NoncontrollingInterestAndConsolidatedEntityTableTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_NoncontrollingInterestAndLimitedOperatingPartnershipDebt" xlink:label="pld_NoncontrollingInterestAndLimitedOperatingPartnershipDebt"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_NoncontrollingInterestAndLimitedOperatingPartnershipDebt_lbl" xml:lang="en-US" id="id_5214848_1414149_3_1">Noncontrolling Interest And Limited Operating Partnership Debt</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_NoncontrollingInterestAndLimitedOperatingPartnershipDebt_lbl" xml:lang="en-US" id="id_5214848_1414149_1_1">Noncontrolling Interest And Limited Operating Partnership Debt</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="pld_NoncontrollingInterestAndLimitedOperatingPartnershipDebt_lbl" xml:lang="en-US" id="id_5214848_1414149_6_1">Debt for Noncontrolling Interest and Limited Partnerships</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_NoncontrollingInterestAndLimitedOperatingPartnershipDebt" xlink:to="pld_NoncontrollingInterestAndLimitedOperatingPartnershipDebt_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NoncontrollingInterestIncreaseFromBusinessCombination" xlink:label="us-gaap_NoncontrollingInterestIncreaseFromBusinessCombination"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NoncontrollingInterestIncreaseFromBusinessCombination_lbl" xml:lang="en-US" id="id_5214848_1284475_1_1">Noncontrolling Interest, Increase from Business Combination</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_NoncontrollingInterestIncreaseFromBusinessCombination_lbl" xml:lang="en-US" id="id_5214848_1284475_2_1">Adjustment to the Merger purchase price allocation</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NoncontrollingInterestIncreaseFromBusinessCombination" xlink:to="us-gaap_NoncontrollingInterestIncreaseFromBusinessCombination_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest" xlink:label="us-gaap_NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest_lbl" xml:lang="en-US" id="id_5214848_1283577_1_1">Noncontrolling Interest, Increase from Sale of Parent Equity Interest</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest_lbl" xml:lang="en-US" id="id_5214848_1283577_2_1">Capital contributions, net</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest" xlink:to="us-gaap_NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance" xlink:label="us-gaap_NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance_lbl" xml:lang="en-US" id="id_5214848_1283578_1_1">Noncontrolling Interest, Increase from Subsidiary Equity Issuance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance_lbl" xml:lang="en-US" id="id_5214848_1283578_2_1">Earnings attributable to non controlling interest</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance" xlink:to="us-gaap_NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NoncontrollingInterestInNetIncomeLossLimitedPartnershipsNonredeemable" xlink:label="us-gaap_NoncontrollingInterestInNetIncomeLossLimitedPartnershipsNonredeemable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NoncontrollingInterestInNetIncomeLossLimitedPartnershipsNonredeemable_lbl" xml:lang="en-US" id="id_5214848_1286068_1_1">Noncontrolling Interest in Net Income (Loss) Limited Partnerships, Nonredeemable</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_NoncontrollingInterestInNetIncomeLossLimitedPartnershipsNonredeemable_lbl" xml:lang="en-US" id="id_5214848_1286068_14_1">Noncontrolling interest attributable to exchangeable limited partnership units</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NoncontrollingInterestInNetIncomeLossLimitedPartnershipsNonredeemable" xlink:to="us-gaap_NoncontrollingInterestInNetIncomeLossLimitedPartnershipsNonredeemable_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NoncontrollingInterestMember" xlink:label="us-gaap_NoncontrollingInterestMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NoncontrollingInterestMember_lbl" xml:lang="en-US" id="id_5214848_1270995_1_1">Noncontrolling Interest [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_NoncontrollingInterestMember_lbl" xml:lang="en-US" id="id_5214848_1270995_2_1">Non-controlling Interests [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NoncontrollingInterestMember" xlink:to="us-gaap_NoncontrollingInterestMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_NoncontrollingInterestsPolicyTextBlock" xlink:label="pld_NoncontrollingInterestsPolicyTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_NoncontrollingInterestsPolicyTextBlock_lbl" xml:lang="en-US" id="id_5214848_1477700_3_1">Noncontrolling interests.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_NoncontrollingInterestsPolicyTextBlock_lbl" xml:lang="en-US" id="id_5214848_1477700_1_1">Noncontrolling Interests Policy [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_NoncontrollingInterestsPolicyTextBlock_lbl" xml:lang="en-US" id="id_5214848_1477700_2_1">Noncontrolling Interests</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_NoncontrollingInterestsPolicyTextBlock" xlink:to="pld_NoncontrollingInterestsPolicyTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NoncurrentAssets" xlink:label="us-gaap_NoncurrentAssets"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NoncurrentAssets_lbl" xml:lang="en-US" id="id_5214848_1286562_1_1">Long-Lived Assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_NoncurrentAssets_lbl" xml:lang="en-US" id="id_5214848_1286562_2_1">Long-lived assets attributable to the United States</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NoncurrentAssets" xlink:to="us-gaap_NoncurrentAssets_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_NonDerivativeNetInvestmentHedgesMember" xlink:label="pld_NonDerivativeNetInvestmentHedgesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_NonDerivativeNetInvestmentHedgesMember_lbl" xml:lang="en-US" id="id_5214848_1493171_3_1">Non Derivative Net Investment Hedges [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_NonDerivativeNetInvestmentHedgesMember_lbl" xml:lang="en-US" id="id_5214848_1493171_1_1">Non Derivative Net Investment Hedges [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_NonDerivativeNetInvestmentHedgesMember_lbl" xml:lang="en-US" id="id_5214848_1493171_2_1">Non-Derivative Net Investment Hedges [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_NonDerivativeNetInvestmentHedgesMember" xlink:to="pld_NonDerivativeNetInvestmentHedgesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NonoperatingIncomeExpense" xlink:label="us-gaap_NonoperatingIncomeExpense"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NonoperatingIncomeExpense_lbl" xml:lang="en-US" id="id_5214848_1283571_1_1">Nonoperating Income (Expense)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_NonoperatingIncomeExpense_lbl" xml:lang="en-US" id="id_5214848_1283571_6_1">Total other income (expense)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NonoperatingIncomeExpense" xlink:to="us-gaap_NonoperatingIncomeExpense_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NonoperatingIncomeExpenseAbstract" xlink:label="us-gaap_NonoperatingIncomeExpenseAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NonoperatingIncomeExpenseAbstract_lbl" xml:lang="en-US" id="id_5214848_1274361_1_1">Nonoperating Income (Expense) [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_NonoperatingIncomeExpenseAbstract_lbl" xml:lang="en-US" id="id_5214848_1274361_2_1">Other income (expense):</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NonoperatingIncomeExpenseAbstract" xlink:to="us-gaap_NonoperatingIncomeExpenseAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_NorfolkVirginiaMember" xlink:label="pld_NorfolkVirginiaMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_NorfolkVirginiaMember_lbl" xml:lang="en-US" id="id_5214848_1298812_3_1">Norfolk Virginia [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_NorfolkVirginiaMember_lbl" xml:lang="en-US" id="id_5214848_1298812_1_1">Norfolk Virginia [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_NorfolkVirginiaMember_lbl" xml:lang="en-US" id="id_5214848_1298812_2_1">Norfolk Virginia [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_NorfolkVirginiaMember" xlink:to="pld_NorfolkVirginiaMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_NorgesBankInvestmentManagementMember" xlink:label="pld_NorgesBankInvestmentManagementMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_NorgesBankInvestmentManagementMember_lbl" xml:lang="en-US" id="id_5214848_1479384_3_1">Norges Bank Investment Management [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_NorgesBankInvestmentManagementMember_lbl" xml:lang="en-US" id="id_5214848_1479384_1_1">Norges Bank Investment Management [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_NorgesBankInvestmentManagementMember_lbl" xml:lang="en-US" id="id_5214848_1479384_2_1">Norges Bank Investment Management [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_NorgesBankInvestmentManagementMember" xlink:to="pld_NorgesBankInvestmentManagementMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_NormandieIndustrialMember" xlink:label="pld_NormandieIndustrialMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_NormandieIndustrialMember_lbl" xml:lang="en-US" id="id_5214848_1419424_3_1">Normandie Industrial.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_NormandieIndustrialMember_lbl" xml:lang="en-US" id="id_5214848_1419424_1_1">Normandie Industrial [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_NormandieIndustrialMember_lbl" xml:lang="en-US" id="id_5214848_1419424_2_1">Normandie Industrial [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_NormandieIndustrialMember" xlink:to="pld_NormandieIndustrialMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_NorthAmericaMarketsMember" xlink:label="pld_NorthAmericaMarketsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_NorthAmericaMarketsMember_lbl" xml:lang="en-US" id="id_5214848_1503109_3_1">North America Markets [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_NorthAmericaMarketsMember_lbl" xml:lang="en-US" id="id_5214848_1503109_1_1">North America Markets [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_NorthAmericaMarketsMember_lbl" xml:lang="en-US" id="id_5214848_1503109_2_1">North American Markets [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_NorthAmericaMarketsMember" xlink:to="pld_NorthAmericaMarketsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_NorthAndrewsDistributionCenterMember" xlink:label="pld_NorthAndrewsDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_NorthAndrewsDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1291473_3_1">North Andrews distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_NorthAndrewsDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1291473_1_1">North Andrews Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_NorthAndrewsDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1291473_2_1">North Andrews Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_NorthAndrewsDistributionCenterMember" xlink:to="pld_NorthAndrewsDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_NorthbrookDistributionCenterMember" xlink:label="pld_NorthbrookDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_NorthbrookDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1557874_3_1">Northbrook distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_NorthbrookDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1557874_1_1">Northbrook Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_NorthbrookDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1557874_2_1">Northbrook Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_NorthbrookDistributionCenterMember" xlink:to="pld_NorthbrookDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_NorthByNortheastCorporateCenterMember" xlink:label="pld_NorthByNortheastCorporateCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_NorthByNortheastCorporateCenterMember_lbl" xml:lang="en-US" id="id_5214848_1558010_3_1">North by northeast corporate center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_NorthByNortheastCorporateCenterMember_lbl" xml:lang="en-US" id="id_5214848_1558010_1_1">North By Northeast Corporate Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_NorthByNortheastCorporateCenterMember_lbl" xml:lang="en-US" id="id_5214848_1558010_2_1">North by Northeast Corporate Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_NorthByNortheastCorporateCenterMember" xlink:to="pld_NorthByNortheastCorporateCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_NorthCarolinaMember" xlink:label="pld_NorthCarolinaMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_NorthCarolinaMember_lbl" xml:lang="en-US" id="id_5214848_1323079_3_1">North Carolina [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_NorthCarolinaMember_lbl" xml:lang="en-US" id="id_5214848_1323079_1_1">North Carolina [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_NorthCarolinaMember_lbl" xml:lang="en-US" id="id_5214848_1323079_2_1">Charlotte, North Carolina [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_NorthCarolinaMember" xlink:to="pld_NorthCarolinaMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_NorthCountyDistCtrMember" xlink:label="pld_NorthCountyDistCtrMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_NorthCountyDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1382525_3_1">North County Dist Ctr.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_NorthCountyDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1382525_1_1">North County Dist Ctr [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_NorthCountyDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1382525_2_1">North County Dist Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_NorthCountyDistCtrMember" xlink:to="pld_NorthCountyDistCtrMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_NortheastIndustrialCenterMember" xlink:label="pld_NortheastIndustrialCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_NortheastIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1413811_3_1">Northeast industrial center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_NortheastIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1413811_1_1">Northeast Industrial Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_NortheastIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1413811_2_1">Northeast Industrial Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_NortheastIndustrialCenterMember" xlink:to="pld_NortheastIndustrialCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_NorthgateDistributionCenterMember" xlink:label="pld_NorthgateDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_NorthgateDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1522916_3_1">Northgate distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_NorthgateDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1522916_1_1">Northgate Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_NorthgateDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1522916_2_1">Northgate Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_NorthgateDistributionCenterMember" xlink:to="pld_NorthgateDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_NorthKetteringBusPkMember" xlink:label="pld_NorthKetteringBusPkMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_NorthKetteringBusPkMember_lbl" xml:lang="en-US" id="id_5214848_1457584_3_1">North Kettering bus pk.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_NorthKetteringBusPkMember_lbl" xml:lang="en-US" id="id_5214848_1457584_1_1">North Kettering Bus Pk [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_NorthKetteringBusPkMember_lbl" xml:lang="en-US" id="id_5214848_1457584_2_1">North Kettering Bus Pk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_NorthKetteringBusPkMember" xlink:to="pld_NorthKetteringBusPkMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_NorthlakeDistributionCenterMember" xlink:label="pld_NorthlakeDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_NorthlakeDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1406504_3_1">Northlake distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_NorthlakeDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1406504_1_1">Northlake Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_NorthlakeDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1406504_2_1">Northlake Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_NorthlakeDistributionCenterMember" xlink:to="pld_NorthlakeDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_NorthmontIndustrialCenterMember" xlink:label="pld_NorthmontIndustrialCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_NorthmontIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1300477_3_1">Northmont industrial center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_NorthmontIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1300477_1_1">Northmont Industrial Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_NorthmontIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1300477_2_1">Northmont Industrial Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_NorthmontIndustrialCenterMember" xlink:to="pld_NorthmontIndustrialCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_NorthparkDistributionCenterMember" xlink:label="pld_NorthparkDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_NorthparkDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1498208_3_1">Northpark distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_NorthparkDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1498208_1_1">Northpark Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_NorthparkDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1498208_2_1">Northpark Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_NorthparkDistributionCenterMember" xlink:to="pld_NorthparkDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_NorthPlainfieldParkDistCtrMember" xlink:label="pld_NorthPlainfieldParkDistCtrMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_NorthPlainfieldParkDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1609664_3_1">North Plainfield Park Dist Ctr [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_NorthPlainfieldParkDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1609664_1_1">North Plainfield Park Dist Ctr [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_NorthPlainfieldParkDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1609664_2_1">North Plainfield Park Dist Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_NorthPlainfieldParkDistCtrMember" xlink:to="pld_NorthPlainfieldParkDistCtrMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_NorthportIndustrialCenterMember" xlink:label="pld_NorthportIndustrialCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_NorthportIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1609645_3_1">Northport Industrial Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_NorthportIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1609645_1_1">Northport Industrial Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_NorthportIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1609645_2_1">Northport Ind Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_NorthportIndustrialCenterMember" xlink:to="pld_NorthportIndustrialCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_NorthwesternCorporateCenterMember" xlink:label="pld_NorthwesternCorporateCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_NorthwesternCorporateCenterMember_lbl" xml:lang="en-US" id="id_5214848_1380972_3_1">Northwestern corporate center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_NorthwesternCorporateCenterMember_lbl" xml:lang="en-US" id="id_5214848_1380972_1_1">Northwestern Corporate Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_NorthwesternCorporateCenterMember_lbl" xml:lang="en-US" id="id_5214848_1380972_2_1">Northwestern Corporate Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_NorthwesternCorporateCenterMember" xlink:to="pld_NorthwesternCorporateCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NotesPayableOtherPayablesMember" xlink:label="us-gaap_NotesPayableOtherPayablesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NotesPayableOtherPayablesMember_lbl" xml:lang="en-US" id="id_5214848_1269379_1_1">Notes Payable, Other Payables [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_NotesPayableOtherPayablesMember_lbl" xml:lang="en-US" id="id_5214848_1269379_2_1">Senior Notes [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NotesPayableOtherPayablesMember" xlink:to="us-gaap_NotesPayableOtherPayablesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_NotesReceivableBackedByRealEstateAndOther" xlink:label="pld_NotesReceivableBackedByRealEstateAndOther"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_NotesReceivableBackedByRealEstateAndOther_lbl" xml:lang="en-US" id="id_5214848_1576486_3_1">The amounts due from customers or clients to be paid at a certain time backed by real estate investment property and other.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_NotesReceivableBackedByRealEstateAndOther_lbl" xml:lang="en-US" id="id_5214848_1576486_1_1">Notes Receivable Backed by Real Estate and Other</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_NotesReceivableBackedByRealEstateAndOther_lbl" xml:lang="en-US" id="id_5214848_1576486_2_1">Notes receivable backed by real estate</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_NotesReceivableBackedByRealEstateAndOther" xlink:to="pld_NotesReceivableBackedByRealEstateAndOther_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_NotesReceivableOther" xlink:label="pld_NotesReceivableOther"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_NotesReceivableOther_lbl" xml:lang="en-US" id="id_5214848_1511811_3_1">Notes Receivable Other</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_NotesReceivableOther_lbl" xml:lang="en-US" id="id_5214848_1511811_1_1">Notes Receivable Other</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_NotesReceivableOther_lbl" xml:lang="en-US" id="id_5214848_1511811_2_1">Other notes receivable</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_NotesReceivableOther" xlink:to="pld_NotesReceivableOther_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_NovemberTwoThousandThirteenMember" xlink:label="pld_NovemberTwoThousandThirteenMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_NovemberTwoThousandThirteenMember_lbl" xml:lang="en-US" id="id_5214848_1316068_3_1">November Two Thousand Thirteen [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_NovemberTwoThousandThirteenMember_lbl" xml:lang="en-US" id="id_5214848_1316068_1_1">November Two Thousand Thirteen [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_NovemberTwoThousandThirteenMember_lbl" xml:lang="en-US" id="id_5214848_1316068_2_1">November 2013 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_NovemberTwoThousandThirteenMember" xlink:to="pld_NovemberTwoThousandThirteenMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NumberOfBusinessesAcquired" xlink:label="us-gaap_NumberOfBusinessesAcquired"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NumberOfBusinessesAcquired_lbl" xml:lang="en-US" id="id_5214848_1272705_1_1">Number of Businesses Acquired</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_NumberOfBusinessesAcquired_lbl" xml:lang="en-US" id="id_5214848_1272705_2_1">Unconsolidated co-investment ventures</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NumberOfBusinessesAcquired" xlink:to="us-gaap_NumberOfBusinessesAcquired_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_NumberOfCoInvestmentVentures" xlink:label="pld_NumberOfCoInvestmentVentures"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_NumberOfCoInvestmentVentures_lbl" xml:lang="en-US" id="id_5214848_1306124_3_1">Number of Co-investment ventures</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_NumberOfCoInvestmentVentures_lbl" xml:lang="en-US" id="id_5214848_1306124_1_1">Number Of Co Investment Ventures</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_NumberOfCoInvestmentVentures_lbl" xml:lang="en-US" id="id_5214848_1306124_2_1">Number of ventures</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_NumberOfCoInvestmentVentures" xlink:to="pld_NumberOfCoInvestmentVentures_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_NumberOfContracts" xlink:label="pld_NumberOfContracts"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_NumberOfContracts_lbl" xml:lang="en-US" id="id_5214848_1431631_3_1">Number of contracts.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_NumberOfContracts_lbl" xml:lang="en-US" id="id_5214848_1431631_1_1">Number Of Contracts</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_NumberOfContracts_lbl" xml:lang="en-US" id="id_5214848_1431631_2_1">Number of contracts</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_NumberOfContracts" xlink:to="pld_NumberOfContracts_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_NumberOfDisposedProperties" xlink:label="pld_NumberOfDisposedProperties"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_NumberOfDisposedProperties_lbl" xml:lang="en-US" id="id_5214848_1522540_3_1">Number of disposed properties.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_NumberOfDisposedProperties_lbl" xml:lang="en-US" id="id_5214848_1522540_1_1">Number Of Disposed Properties</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_NumberOfDisposedProperties_lbl" xml:lang="en-US" id="id_5214848_1522540_2_1">Number of disposed properties</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_NumberOfDisposedProperties" xlink:to="pld_NumberOfDisposedProperties_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_NumberOfExtensionsToMaturityPeriod" xlink:label="pld_NumberOfExtensionsToMaturityPeriod"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_NumberOfExtensionsToMaturityPeriod_lbl" xml:lang="en-US" id="id_5214848_1397035_3_1">Number of extensions to maturity period</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_NumberOfExtensionsToMaturityPeriod_lbl" xml:lang="en-US" id="id_5214848_1397035_1_1">Number Of Extensions To Maturity Period</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_NumberOfExtensionsToMaturityPeriod_lbl" xml:lang="en-US" id="id_5214848_1397035_2_1">Number of extensions to maturity period</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_NumberOfExtensionsToMaturityPeriod" xlink:to="pld_NumberOfExtensionsToMaturityPeriod_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_NumberOfInterestRateSwapContractsContributed" xlink:label="pld_NumberOfInterestRateSwapContractsContributed"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_NumberOfInterestRateSwapContractsContributed_lbl" xml:lang="en-US" id="id_5214848_1452460_3_1">Number Of Interest Rate Swap Contracts Contributed</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_NumberOfInterestRateSwapContractsContributed_lbl" xml:lang="en-US" id="id_5214848_1452460_1_1">Number Of Interest Rate Swap Contracts Contributed</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_NumberOfInterestRateSwapContractsContributed_lbl" xml:lang="en-US" id="id_5214848_1452460_2_1">Notional value of swap contracts contributed</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_NumberOfInterestRateSwapContractsContributed" xlink:to="pld_NumberOfInterestRateSwapContractsContributed_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_NumberOfInterestRateSwapContractsSettled" xlink:label="pld_NumberOfInterestRateSwapContractsSettled"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_NumberOfInterestRateSwapContractsSettled_lbl" xml:lang="en-US" id="id_5214848_1462952_3_1">Number Of Interest Rate Swap Contracts Settled</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_NumberOfInterestRateSwapContractsSettled_lbl" xml:lang="en-US" id="id_5214848_1462952_1_1">Number Of Interest Rate Swap Contracts Settled</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_NumberOfInterestRateSwapContractsSettled_lbl" xml:lang="en-US" id="id_5214848_1462952_2_1">Number of swap contracts</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_NumberOfInterestRateSwapContractsSettled" xlink:to="pld_NumberOfInterestRateSwapContractsSettled_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_NumberOfMarkets" xlink:label="pld_NumberOfMarkets"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_NumberOfMarkets_lbl" xml:lang="en-US" id="id_5214848_1507851_3_1">Number Of Markets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_NumberOfMarkets_lbl" xml:lang="en-US" id="id_5214848_1507851_1_1">Number Of Markets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_NumberOfMarkets_lbl" xml:lang="en-US" id="id_5214848_1507851_2_1">Number of target European Global markets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_NumberOfMarkets" xlink:to="pld_NumberOfMarkets_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_NumberOfOperatingPropertiesThatMetCriteria" xlink:label="pld_NumberOfOperatingPropertiesThatMetCriteria"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_NumberOfOperatingPropertiesThatMetCriteria_lbl" xml:lang="en-US" id="id_5214848_1613457_3_1">Number Of Operating Properties That Met Criteria</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_NumberOfOperatingPropertiesThatMetCriteria_lbl" xml:lang="en-US" id="id_5214848_1613457_1_1">Number Of Operating Properties That Met Criteria</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_NumberOfOperatingPropertiesThatMetCriteria_lbl" xml:lang="en-US" id="id_5214848_1613457_2_1">Number of operating properties that met criteria</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_NumberOfOperatingPropertiesThatMetCriteria" xlink:to="pld_NumberOfOperatingPropertiesThatMetCriteria_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NumberOfOperatingSegments" xlink:label="us-gaap_NumberOfOperatingSegments"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NumberOfOperatingSegments_lbl" xml:lang="en-US" id="id_5214848_1276002_1_1">Number of Operating Segments</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_NumberOfOperatingSegments_lbl" xml:lang="en-US" id="id_5214848_1276002_2_1">Number of operating segments</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NumberOfOperatingSegments" xlink:to="us-gaap_NumberOfOperatingSegments_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_NumberOfOptionsExercised" xlink:label="pld_NumberOfOptionsExercised"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_NumberOfOptionsExercised_lbl" xml:lang="en-US" id="id_5214848_1375502_3_1">Number Of Options Exercised</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_NumberOfOptionsExercised_lbl" xml:lang="en-US" id="id_5214848_1375502_1_1">Number Of Options Exercised</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_NumberOfOptionsExercised_lbl" xml:lang="en-US" id="id_5214848_1375502_2_1">Number of option exercised</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_NumberOfOptionsExercised" xlink:to="pld_NumberOfOptionsExercised_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_NumberOfOutstandingDerivativeContracts" xlink:label="pld_NumberOfOutstandingDerivativeContracts"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_NumberOfOutstandingDerivativeContracts_lbl" xml:lang="en-US" id="id_5214848_1558928_3_1">Number of outstanding derivative contracts</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_NumberOfOutstandingDerivativeContracts_lbl" xml:lang="en-US" id="id_5214848_1558928_1_1">Number Of Outstanding Derivative Contracts</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_NumberOfOutstandingDerivativeContracts_lbl" xml:lang="en-US" id="id_5214848_1558928_2_1">Active contracts at December 31</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_NumberOfOutstandingDerivativeContracts" xlink:to="pld_NumberOfOutstandingDerivativeContracts_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_NumberOfPropertiesDisposedExcludingOperationsAndIncludingMinorAdjustmentsTableTextBlock" xlink:label="pld_NumberOfPropertiesDisposedExcludingOperationsAndIncludingMinorAdjustmentsTableTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_NumberOfPropertiesDisposedExcludingOperationsAndIncludingMinorAdjustmentsTableTextBlock_lbl" xml:lang="en-US" id="id_5214848_1299287_3_1">Number of properties disposed excluding operations and including minor adjustments.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_NumberOfPropertiesDisposedExcludingOperationsAndIncludingMinorAdjustmentsTableTextBlock_lbl" xml:lang="en-US" id="id_5214848_1299287_1_1">Number Of Properties Disposed Excluding Operations And Including Minor Adjustments Table [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_NumberOfPropertiesDisposedExcludingOperationsAndIncludingMinorAdjustmentsTableTextBlock_lbl" xml:lang="en-US" id="id_5214848_1299287_2_1">Summary of Properties Disposed</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_NumberOfPropertiesDisposedExcludingOperationsAndIncludingMinorAdjustmentsTableTextBlock" xlink:to="pld_NumberOfPropertiesDisposedExcludingOperationsAndIncludingMinorAdjustmentsTableTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NumberOfRealEstateProperties" xlink:label="us-gaap_NumberOfRealEstateProperties"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NumberOfRealEstateProperties_lbl" xml:lang="en-US" id="id_5214848_1280894_1_1">Number of Real Estate Properties</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:label="us-gaap_NumberOfRealEstateProperties_lbl" xml:lang="en-US" id="id_5214848_1280894_32_1">Number of properties</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/positiveTerseLabel" xlink:label="us-gaap_NumberOfRealEstateProperties_lbl" xml:lang="en-US" id="id_5214848_1280894_33_1">Number of properties owned</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_NumberOfRealEstateProperties_lbl" xml:lang="en-US" id="id_5214848_1280894_2_1">Number of buildings</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_NumberOfRealEstateProperties_lbl" xml:lang="en-US" id="id_5214848_1280894_12_1">Number of industrial operating properties</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NumberOfRealEstateProperties" xlink:to="us-gaap_NumberOfRealEstateProperties_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_NumberOfRealEstatePropertiesContributed" xlink:label="pld_NumberOfRealEstatePropertiesContributed"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_NumberOfRealEstatePropertiesContributed_lbl" xml:lang="en-US" id="id_5214848_1431272_3_1">Number of properties sold to a co-investment venture.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_NumberOfRealEstatePropertiesContributed_lbl" xml:lang="en-US" id="id_5214848_1431272_1_1">Number Of Real Estate Properties Contributed</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_NumberOfRealEstatePropertiesContributed_lbl" xml:lang="en-US" id="id_5214848_1431272_2_1">Number of properties sold</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_NumberOfRealEstatePropertiesContributed" xlink:to="pld_NumberOfRealEstatePropertiesContributed_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_NumberOfRealEstatePropertiesPurchased" xlink:label="pld_NumberOfRealEstatePropertiesPurchased"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_NumberOfRealEstatePropertiesPurchased_lbl" xml:lang="en-US" id="id_5214848_1343253_3_1">Number of Real Estate Properties Purchased</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_NumberOfRealEstatePropertiesPurchased_lbl" xml:lang="en-US" id="id_5214848_1343253_1_1">Number of Real Estate Properties Purchased</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_NumberOfRealEstatePropertiesPurchased_lbl" xml:lang="en-US" id="id_5214848_1343253_2_1">Number of properties purchased</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_NumberOfRealEstatePropertiesPurchased" xlink:to="pld_NumberOfRealEstatePropertiesPurchased_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_NumberOfRealEstatePropertiesSold" xlink:label="pld_NumberOfRealEstatePropertiesSold"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_NumberOfRealEstatePropertiesSold_lbl" xml:lang="en-US" id="id_5214848_1502056_3_1">Number of real estate properties sold to third parties.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_NumberOfRealEstatePropertiesSold_lbl" xml:lang="en-US" id="id_5214848_1502056_1_1">Number Of Real Estate Properties Sold</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_NumberOfRealEstatePropertiesSold_lbl" xml:lang="en-US" id="id_5214848_1502056_2_1">Number of properties sold</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_NumberOfRealEstatePropertiesSold" xlink:to="pld_NumberOfRealEstatePropertiesSold_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NumberOfReportableSegments" xlink:label="us-gaap_NumberOfReportableSegments"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NumberOfReportableSegments_lbl" xml:lang="en-US" id="id_5214848_1280895_1_1">Number of Reportable Segments</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_NumberOfReportableSegments_lbl" xml:lang="en-US" id="id_5214848_1280895_2_1">Number of reportable segments</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NumberOfReportableSegments" xlink:to="us-gaap_NumberOfReportableSegments_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_NumberOfSalesAgents" xlink:label="pld_NumberOfSalesAgents"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_NumberOfSalesAgents_lbl" xml:lang="en-US" id="id_5214848_1542496_3_1">Number Of Sales Agents</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_NumberOfSalesAgents_lbl" xml:lang="en-US" id="id_5214848_1542496_1_1">Number Of Sales Agents</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_NumberOfSalesAgents_lbl" xml:lang="en-US" id="id_5214848_1542496_2_1">Number of designated agents</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_NumberOfSalesAgents" xlink:to="pld_NumberOfSalesAgents_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_NumberOfUnconsolidatedJointVentures" xlink:label="pld_NumberOfUnconsolidatedJointVentures"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_NumberOfUnconsolidatedJointVentures_lbl" xml:lang="en-US" id="id_5214848_1385071_3_1">Number Of Unconsolidated Joint Ventures</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_NumberOfUnconsolidatedJointVentures_lbl" xml:lang="en-US" id="id_5214848_1385071_1_1">Number Of Unconsolidated Joint Ventures</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_NumberOfUnconsolidatedJointVentures_lbl" xml:lang="en-US" id="id_5214848_1385071_2_1">Number of unconsolidated Co-investment Ventures</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_NumberOfUnconsolidatedJointVentures" xlink:to="pld_NumberOfUnconsolidatedJointVentures_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_NumberOfUnitsIssuancesInExchangeForProceedsFromExerciseOfWarrants" xlink:label="pld_NumberOfUnitsIssuancesInExchangeForProceedsFromExerciseOfWarrants"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_NumberOfUnitsIssuancesInExchangeForProceedsFromExerciseOfWarrants_lbl" xml:lang="en-US" id="id_5214848_1612832_3_1">Number Of Units Issuances In Exchange For Proceeds from Exercise of Warrants</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_NumberOfUnitsIssuancesInExchangeForProceedsFromExerciseOfWarrants_lbl" xml:lang="en-US" id="id_5214848_1612832_1_1">Number Of Units Issuances In Exchange For Proceeds from Exercise of Warrants</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_NumberOfUnitsIssuancesInExchangeForProceedsFromExerciseOfWarrants_lbl" xml:lang="en-US" id="id_5214848_1612832_2_1">Issuance of units in exchange for proceeds from exercise of warrant, units</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_NumberOfUnitsIssuancesInExchangeForProceedsFromExerciseOfWarrants" xlink:to="pld_NumberOfUnitsIssuancesInExchangeForProceedsFromExerciseOfWarrants_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_NumberOfUnitsIssuancesOfCommonUnitsInExchangeForEquityOfferingProceeds" xlink:label="pld_NumberOfUnitsIssuancesOfCommonUnitsInExchangeForEquityOfferingProceeds"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_NumberOfUnitsIssuancesOfCommonUnitsInExchangeForEquityOfferingProceeds_lbl" xml:lang="en-US" id="id_5214848_1493670_3_1">Number of units - issuance of common units in exchange for equity offering proceeds</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_NumberOfUnitsIssuancesOfCommonUnitsInExchangeForEquityOfferingProceeds_lbl" xml:lang="en-US" id="id_5214848_1493670_1_1">Number Of Units Issuances Of Common Units In Exchange For Equity Offering Proceeds</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_NumberOfUnitsIssuancesOfCommonUnitsInExchangeForEquityOfferingProceeds_lbl" xml:lang="en-US" id="id_5214848_1493670_2_1">Issuance of units in exchange for contribution of equity offering proceeds, units</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_NumberOfUnitsIssuancesOfCommonUnitsInExchangeForEquityOfferingProceeds" xlink:to="pld_NumberOfUnitsIssuancesOfCommonUnitsInExchangeForEquityOfferingProceeds_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_NumberOfUnitsIssuedDueToUnitBasedCompensation" xlink:label="pld_NumberOfUnitsIssuedDueToUnitBasedCompensation"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_NumberOfUnitsIssuedDueToUnitBasedCompensation_lbl" xml:lang="en-US" id="id_5214848_1556821_3_1">Number of units issued to common stock plans of the REIT.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_NumberOfUnitsIssuedDueToUnitBasedCompensation_lbl" xml:lang="en-US" id="id_5214848_1556821_1_1">Number Of Units Issued Due To Unit Based Compensation</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_NumberOfUnitsIssuedDueToUnitBasedCompensation_lbl" xml:lang="en-US" id="id_5214848_1556821_2_1">Effect of equity compensation plans, units</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_NumberOfUnitsIssuedDueToUnitBasedCompensation" xlink:to="pld_NumberOfUnitsIssuedDueToUnitBasedCompensation_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_OaklandIndustrialCenterMember" xlink:label="pld_OaklandIndustrialCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_OaklandIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1446514_3_1">Oakland Industrial Center [Member].</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_OaklandIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1446514_1_1">Oakland Industrial Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_OaklandIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1446514_2_1">Oakland Industrial Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_OaklandIndustrialCenterMember" xlink:to="pld_OaklandIndustrialCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_OctoberTwoThousandFourteenMember" xlink:label="pld_OctoberTwoThousandFourteenMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_OctoberTwoThousandFourteenMember_lbl" xml:lang="en-US" id="id_5214848_1597315_3_1">October two thousand fourteen [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_OctoberTwoThousandFourteenMember_lbl" xml:lang="en-US" id="id_5214848_1597315_1_1">October Two Thousand Fourteen [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_OctoberTwoThousandFourteenMember_lbl" xml:lang="en-US" id="id_5214848_1597315_2_1">October 2014 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_OctoberTwoThousandFourteenMember" xlink:to="pld_OctoberTwoThousandFourteenMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_OhareIndustrialPortfolioMember" xlink:label="pld_OhareIndustrialPortfolioMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_OhareIndustrialPortfolioMember_lbl" xml:lang="en-US" id="id_5214848_1530495_3_1">Ohare Industrial Portfolio [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_OhareIndustrialPortfolioMember_lbl" xml:lang="en-US" id="id_5214848_1530495_1_1">Ohare Industrial Portfolio [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_OhareIndustrialPortfolioMember_lbl" xml:lang="en-US" id="id_5214848_1530495_2_1">OHare Industrial Portfolio [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_OhareIndustrialPortfolioMember" xlink:to="pld_OhareIndustrialPortfolioMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_OliveBranchDistributionCenterMember" xlink:label="pld_OliveBranchDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_OliveBranchDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1558767_3_1">Olive branch distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_OliveBranchDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1558767_1_1">Olive Branch Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_OliveBranchDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1558767_2_1">Olive Branch Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_OliveBranchDistributionCenterMember" xlink:to="pld_OliveBranchDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_OlympicIndustrialCenterMember" xlink:label="pld_OlympicIndustrialCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_OlympicIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1609639_3_1">Olympic Industrial Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_OlympicIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1609639_1_1">Olympic Industrial Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_OlympicIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1609639_2_1">Olympic Ind Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_OlympicIndustrialCenterMember" xlink:to="pld_OlympicIndustrialCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_OneThousandNineHundredAndOneParkHundredDriveMember" xlink:label="pld_OneThousandNineHundredAndOneParkHundredDriveMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_OneThousandNineHundredAndOneParkHundredDriveMember_lbl" xml:lang="en-US" id="id_5214848_1333055_3_1">1901 Park 100 Drive.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_OneThousandNineHundredAndOneParkHundredDriveMember_lbl" xml:lang="en-US" id="id_5214848_1333055_1_1">One Thousand Nine Hundred And One Park Hundred Drive [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_OneThousandNineHundredAndOneParkHundredDriveMember_lbl" xml:lang="en-US" id="id_5214848_1333055_2_1">1901 Park 100 Drive [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_OneThousandNineHundredAndOneParkHundredDriveMember" xlink:to="pld_OneThousandNineHundredAndOneParkHundredDriveMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_OntarioDistributionCenterMember" xlink:label="pld_OntarioDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_OntarioDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1501539_3_1">Ontario Distribution Center [Member].</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_OntarioDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1501539_1_1">Ontario Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_OntarioDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1501539_2_1">Ontario Dist Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_OntarioDistributionCenterMember" xlink:to="pld_OntarioDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OpenOptionContractsWrittenNumberOfContracts" xlink:label="us-gaap_OpenOptionContractsWrittenNumberOfContracts"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OpenOptionContractsWrittenNumberOfContracts_lbl" xml:lang="en-US" id="id_5214848_1277630_1_1">Open Option Contracts Written, Number of Contracts</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OpenOptionContractsWrittenNumberOfContracts_lbl" xml:lang="en-US" id="id_5214848_1277630_2_1">Number of option contract</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OpenOptionContractsWrittenNumberOfContracts" xlink:to="us-gaap_OpenOptionContractsWrittenNumberOfContracts_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingExpenses" xlink:label="us-gaap_OperatingExpenses"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingExpenses_lbl" xml:lang="en-US" id="id_5214848_1285548_1_1">Operating Expenses</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_OperatingExpenses_lbl" xml:lang="en-US" id="id_5214848_1285548_6_1">Total expenses</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingExpenses" xlink:to="us-gaap_OperatingExpenses_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingExpensesAbstract" xlink:label="us-gaap_OperatingExpensesAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingExpensesAbstract_lbl" xml:lang="en-US" id="id_5214848_1279274_1_1">Operating Expenses [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OperatingExpensesAbstract_lbl" xml:lang="en-US" id="id_5214848_1279274_2_1">Expenses:</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingExpensesAbstract" xlink:to="us-gaap_OperatingExpensesAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingIncomeLoss" xlink:label="us-gaap_OperatingIncomeLoss"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingIncomeLoss_lbl" xml:lang="en-US" id="id_5214848_1283121_1_1">Operating Income (Loss)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OperatingIncomeLoss_lbl" xml:lang="en-US" id="id_5214848_1283121_2_1">Operating income</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_OperatingIncomeLoss_lbl" xml:lang="en-US" id="id_5214848_1283121_6_1">Operating income</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingIncomeLoss" xlink:to="us-gaap_OperatingIncomeLoss_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_OperatingLeaseRevenueLargestCustomerMember" xlink:label="pld_OperatingLeaseRevenueLargestCustomerMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_OperatingLeaseRevenueLargestCustomerMember_lbl" xml:lang="en-US" id="id_5214848_1395073_3_1">Operating Lease Revenue Largest Customer [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_OperatingLeaseRevenueLargestCustomerMember_lbl" xml:lang="en-US" id="id_5214848_1395073_1_1">Operating Lease Revenue Largest Customer [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_OperatingLeaseRevenueLargestCustomerMember_lbl" xml:lang="en-US" id="id_5214848_1395073_2_1">Operating Lease Revenue Largest Customer [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_OperatingLeaseRevenueLargestCustomerMember" xlink:to="pld_OperatingLeaseRevenueLargestCustomerMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_OperatingLeaseRevenueTwentyFiveLargestCustomerMember" xlink:label="pld_OperatingLeaseRevenueTwentyFiveLargestCustomerMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_OperatingLeaseRevenueTwentyFiveLargestCustomerMember_lbl" xml:lang="en-US" id="id_5214848_1458667_3_1">Operating Lease Revenue Twenty Five Largest Customer [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_OperatingLeaseRevenueTwentyFiveLargestCustomerMember_lbl" xml:lang="en-US" id="id_5214848_1458667_1_1">Operating Lease Revenue Twenty Five Largest Customer [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_OperatingLeaseRevenueTwentyFiveLargestCustomerMember_lbl" xml:lang="en-US" id="id_5214848_1458667_2_1">Operating Lease Revenue Twenty Five Largest Customers [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_OperatingLeaseRevenueTwentyFiveLargestCustomerMember" xlink:to="pld_OperatingLeaseRevenueTwentyFiveLargestCustomerMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDue" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDue"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDue_lbl" xml:lang="en-US" id="id_5214848_1283561_1_1">Operating Leases, Future Minimum Payments Due</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDue_lbl" xml:lang="en-US" id="id_5214848_1283561_6_1">Total</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsDue" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsDue_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent_lbl" xml:lang="en-US" id="id_5214848_1284896_1_1">Operating Leases, Future Minimum Payments Due, Next Twelve Months</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent_lbl" xml:lang="en-US" id="id_5214848_1284896_2_1">2015</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears_lbl" xml:lang="en-US" id="id_5214848_1283562_1_1">Operating Leases, Future Minimum Payments, Due in Five Years</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears_lbl" xml:lang="en-US" id="id_5214848_1283562_2_1">2019</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears_lbl" xml:lang="en-US" id="id_5214848_1283125_1_1">Operating Leases, Future Minimum Payments, Due in Four Years</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears_lbl" xml:lang="en-US" id="id_5214848_1283125_2_1">2018</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears_lbl" xml:lang="en-US" id="id_5214848_1283564_1_1">Operating Leases, Future Minimum Payments, Due in Three Years</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears_lbl" xml:lang="en-US" id="id_5214848_1283564_2_1">2017</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears_lbl" xml:lang="en-US" id="id_5214848_1284469_1_1">Operating Leases, Future Minimum Payments, Due in Two Years</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears_lbl" xml:lang="en-US" id="id_5214848_1284469_2_1">2016</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter_lbl" xml:lang="en-US" id="id_5214848_1282235_1_1">Operating Leases, Future Minimum Payments, Due Thereafter</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter_lbl" xml:lang="en-US" id="id_5214848_1282235_2_1">Thereafter</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivable" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivable_lbl" xml:lang="en-US" id="id_5214848_1285550_1_1">Operating Leases, Future Minimum Payments Receivable</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivable_lbl" xml:lang="en-US" id="id_5214848_1285550_6_1">Total</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivable" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivable_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableCurrent" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableCurrent"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableCurrent_lbl" xml:lang="en-US" id="id_5214848_1289136_1_1">Operating Leases, Future Minimum Payments Receivable, Current</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableCurrent_lbl" xml:lang="en-US" id="id_5214848_1289136_2_1">2015</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableCurrent" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableCurrent_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears_lbl" xml:lang="en-US" id="id_5214848_1288619_1_1">Operating Leases, Future Minimum Payments Receivable, in Five Years</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears_lbl" xml:lang="en-US" id="id_5214848_1288619_2_1">2019</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFourYears" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFourYears"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFourYears_lbl" xml:lang="en-US" id="id_5214848_1287123_1_1">Operating Leases, Future Minimum Payments Receivable, in Four Years</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFourYears_lbl" xml:lang="en-US" id="id_5214848_1287123_2_1">2018</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFourYears" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFourYears_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears_lbl" xml:lang="en-US" id="id_5214848_1287124_1_1">Operating Leases, Future Minimum Payments Receivable, in Three Years</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears_lbl" xml:lang="en-US" id="id_5214848_1287124_2_1">2017</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears_lbl" xml:lang="en-US" id="id_5214848_1288620_1_1">Operating Leases, Future Minimum Payments Receivable, in Two Years</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears_lbl" xml:lang="en-US" id="id_5214848_1288620_2_1">2016</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableThereafter" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableThereafter"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableThereafter_lbl" xml:lang="en-US" id="id_5214848_1287125_1_1">Operating Leases, Future Minimum Payments Receivable, Thereafter</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableThereafter_lbl" xml:lang="en-US" id="id_5214848_1287125_2_1">Thereafter</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableThereafter" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableThereafter_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingLeasesIncomeStatementLeaseRevenue" xlink:label="us-gaap_OperatingLeasesIncomeStatementLeaseRevenue"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeasesIncomeStatementLeaseRevenue_lbl" xml:lang="en-US" id="id_5214848_1283553_1_1">Operating Leases, Income Statement, Lease Revenue</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OperatingLeasesIncomeStatementLeaseRevenue_lbl" xml:lang="en-US" id="id_5214848_1283553_2_1">Rental income</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesIncomeStatementLeaseRevenue" xlink:to="us-gaap_OperatingLeasesIncomeStatementLeaseRevenue_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_OperatingLeasesLeaseTerm" xlink:label="pld_OperatingLeasesLeaseTerm"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_OperatingLeasesLeaseTerm_lbl" xml:lang="en-US" id="id_5214848_1304471_3_1">Operating leases lease term.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_OperatingLeasesLeaseTerm_lbl" xml:lang="en-US" id="id_5214848_1304471_1_1">Operating Leases Lease Term</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_OperatingLeasesLeaseTerm_lbl" xml:lang="en-US" id="id_5214848_1304471_2_1">Operating leases lease term</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_OperatingLeasesLeaseTerm" xlink:to="pld_OperatingLeasesLeaseTerm_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingLossCarryforwards" xlink:label="us-gaap_OperatingLossCarryforwards"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLossCarryforwards_lbl" xml:lang="en-US" id="id_5214848_1288124_1_1">Operating Loss Carryforwards</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OperatingLossCarryforwards_lbl" xml:lang="en-US" id="id_5214848_1288124_2_1">Gross NOL carryforward</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLossCarryforwards" xlink:to="us-gaap_OperatingLossCarryforwards_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingLossCarryforwardsLineItems" xlink:label="us-gaap_OperatingLossCarryforwardsLineItems"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLossCarryforwardsLineItems_lbl" xml:lang="en-US" id="id_5214848_1279276_1_1">Operating Loss Carryforwards [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OperatingLossCarryforwardsLineItems_lbl" xml:lang="en-US" id="id_5214848_1279276_2_1">Operating Loss Carryforwards [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLossCarryforwardsLineItems" xlink:to="us-gaap_OperatingLossCarryforwardsLineItems_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingLossCarryforwardsTable" xlink:label="us-gaap_OperatingLossCarryforwardsTable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLossCarryforwardsTable_lbl" xml:lang="en-US" id="id_5214848_1280909_1_1">Operating Loss Carryforwards [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OperatingLossCarryforwardsTable_lbl" xml:lang="en-US" id="id_5214848_1280909_2_1">Operating Loss Carryforwards [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLossCarryforwardsTable" xlink:to="us-gaap_OperatingLossCarryforwardsTable_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingLossCarryforwardsValuationAllowance" xlink:label="us-gaap_OperatingLossCarryforwardsValuationAllowance"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLossCarryforwardsValuationAllowance_lbl" xml:lang="en-US" id="id_5214848_1284892_1_1">Operating Loss Carryforwards, Valuation Allowance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_OperatingLossCarryforwardsValuationAllowance_lbl" xml:lang="en-US" id="id_5214848_1284892_14_1">Valuation allowance</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLossCarryforwardsValuationAllowance" xlink:to="us-gaap_OperatingLossCarryforwardsValuationAllowance_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_OperatingLossesCarryforwardYearOfExpiryRange" xlink:label="pld_OperatingLossesCarryforwardYearOfExpiryRange"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_OperatingLossesCarryforwardYearOfExpiryRange_lbl" xml:lang="en-US" id="id_5214848_1614207_3_1">Operating losses carryforward year of expiry, range.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_OperatingLossesCarryforwardYearOfExpiryRange_lbl" xml:lang="en-US" id="id_5214848_1614207_1_1">Operating Losses Carryforward Year of Expiry, Range</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_OperatingLossesCarryforwardYearOfExpiryRange_lbl" xml:lang="en-US" id="id_5214848_1614207_2_1">Expiration periods</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_OperatingLossesCarryforwardYearOfExpiryRange" xlink:to="pld_OperatingLossesCarryforwardYearOfExpiryRange_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_OperatingPartnershipMember" xlink:label="pld_OperatingPartnershipMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_OperatingPartnershipMember_lbl" xml:lang="en-US" id="id_5214848_1383383_3_1">Operating Partnership [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_OperatingPartnershipMember_lbl" xml:lang="en-US" id="id_5214848_1383383_1_1">Operating Partnership [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_OperatingPartnershipMember_lbl" xml:lang="en-US" id="id_5214848_1383383_2_1">Operating Partnership [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_OperatingPartnershipMember" xlink:to="pld_OperatingPartnershipMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_OperatingPropertiesMember" xlink:label="pld_OperatingPropertiesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_OperatingPropertiesMember_lbl" xml:lang="en-US" id="id_5214848_1481291_3_1">Operating Properties [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_OperatingPropertiesMember_lbl" xml:lang="en-US" id="id_5214848_1481291_1_1">Operating Properties [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_OperatingPropertiesMember_lbl" xml:lang="en-US" id="id_5214848_1481291_2_1">Operating Properties [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_OperatingPropertiesMember" xlink:to="pld_OperatingPropertiesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingSegmentsMember" xlink:label="us-gaap_OperatingSegmentsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingSegmentsMember_lbl" xml:lang="en-US" id="id_5214848_1271024_1_1">Operating Segments [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OperatingSegmentsMember_lbl" xml:lang="en-US" id="id_5214848_1271024_2_1">Operating Segments [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingSegmentsMember" xlink:to="us-gaap_OperatingSegmentsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OptionIndexedToIssuersEquityTypeAxis" xlink:label="us-gaap_OptionIndexedToIssuersEquityTypeAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OptionIndexedToIssuersEquityTypeAxis_lbl" xml:lang="en-US" id="id_5214848_1272720_1_1">Option Indexed to Issuer's Equity, Type [Axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OptionIndexedToIssuersEquityTypeAxis_lbl" xml:lang="en-US" id="id_5214848_1272720_2_1">Option Indexed to Issuer's Equity, Type [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OptionIndexedToIssuersEquityTypeAxis" xlink:to="us-gaap_OptionIndexedToIssuersEquityTypeAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OptionIndexedToIssuersEquityTypeDomain" xlink:label="us-gaap_OptionIndexedToIssuersEquityTypeDomain"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OptionIndexedToIssuersEquityTypeDomain_lbl" xml:lang="en-US" id="id_5214848_1276019_1_1">Option Indexed to Issuer's Equity, Type [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OptionIndexedToIssuersEquityTypeDomain_lbl" xml:lang="en-US" id="id_5214848_1276019_2_1">Option Indexed to Issuer's Equity, Type [Domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OptionIndexedToIssuersEquityTypeDomain" xlink:to="us-gaap_OptionIndexedToIssuersEquityTypeDomain_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_OrangeIndustrialCenterMember" xlink:label="pld_OrangeIndustrialCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_OrangeIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1569978_3_1">Orange industrial center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_OrangeIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1569978_1_1">Orange Industrial Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_OrangeIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1569978_2_1">Orange Industrial Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_OrangeIndustrialCenterMember" xlink:to="pld_OrangeIndustrialCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_OrchardHillMember" xlink:label="pld_OrchardHillMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_OrchardHillMember_lbl" xml:lang="en-US" id="id_5214848_1369998_3_1">Orchard Hill [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_OrchardHillMember_lbl" xml:lang="en-US" id="id_5214848_1369998_1_1">Orchard Hill [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_OrchardHillMember_lbl" xml:lang="en-US" id="id_5214848_1369998_2_1">Orchard Hill [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_OrchardHillMember" xlink:to="pld_OrchardHillMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_OrebroDistCtrMember" xlink:label="pld_OrebroDistCtrMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_OrebroDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1330885_3_1">Orebro Dist Ctr.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_OrebroDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1330885_1_1">Orebro Dist Ctr [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_OrebroDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1330885_2_1">Orebro Dist Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_OrebroDistCtrMember" xlink:to="pld_OrebroDistCtrMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock" xlink:label="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock_lbl" xml:lang="en-US" id="id_5214848_1277652_1_1">Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock_lbl" xml:lang="en-US" id="id_5214848_1277652_2_1">Description of Business</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock" xlink:to="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_OrlandoCentralParkMember" xlink:label="pld_OrlandoCentralParkMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_OrlandoCentralParkMember_lbl" xml:lang="en-US" id="id_5214848_1519176_3_1">Orlando Central Park [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_OrlandoCentralParkMember_lbl" xml:lang="en-US" id="id_5214848_1519176_1_1">Orlando Central Park [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_OrlandoCentralParkMember_lbl" xml:lang="en-US" id="id_5214848_1519176_2_1">Orlando Central Park [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_OrlandoCentralParkMember" xlink:to="pld_OrlandoCentralParkMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_OrlandoCorpCtrMember" xlink:label="pld_OrlandoCorpCtrMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_OrlandoCorpCtrMember_lbl" xml:lang="en-US" id="id_5214848_1610127_3_1">Orlando Corp Ctr [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_OrlandoCorpCtrMember_lbl" xml:lang="en-US" id="id_5214848_1610127_1_1">Orlando Corp Ctr [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_OrlandoCorpCtrMember_lbl" xml:lang="en-US" id="id_5214848_1610127_2_1">Orlando Corp Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_OrlandoCorpCtrMember" xlink:to="pld_OrlandoCorpCtrMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_OrlandoFloridaMember" xlink:label="pld_OrlandoFloridaMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_OrlandoFloridaMember_lbl" xml:lang="en-US" id="id_5214848_1345154_3_1">Orlando Florida [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_OrlandoFloridaMember_lbl" xml:lang="en-US" id="id_5214848_1345154_1_1">Orlando Florida [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_OrlandoFloridaMember_lbl" xml:lang="en-US" id="id_5214848_1345154_2_1">Orlando, Florida [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_OrlandoFloridaMember" xlink:to="pld_OrlandoFloridaMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_OsakaFiveMember" xlink:label="pld_OsakaFiveMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_OsakaFiveMember_lbl" xml:lang="en-US" id="id_5214848_1525565_3_1">Osaka Five [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_OsakaFiveMember_lbl" xml:lang="en-US" id="id_5214848_1525565_1_1">Osaka Five [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_OsakaFiveMember_lbl" xml:lang="en-US" id="id_5214848_1525565_2_1">Osaka 5 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_OsakaFiveMember" xlink:to="pld_OsakaFiveMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherAssetImpairmentCharges" xlink:label="us-gaap_OtherAssetImpairmentCharges"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherAssetImpairmentCharges_lbl" xml:lang="en-US" id="id_5214848_1287127_1_1">Other Asset Impairment Charges</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_OtherAssetImpairmentCharges_lbl" xml:lang="en-US" id="id_5214848_1287127_14_1">Impairment of other assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherAssetImpairmentCharges" xlink:to="us-gaap_OtherAssetImpairmentCharges_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_OtherAssetsAndOtherLiabilitiesTextBlock" xlink:label="pld_OtherAssetsAndOtherLiabilitiesTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_OtherAssetsAndOtherLiabilitiesTextBlock_lbl" xml:lang="en-US" id="id_5214848_1470519_3_1">Other Assets And Other Liabilities [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_OtherAssetsAndOtherLiabilitiesTextBlock_lbl" xml:lang="en-US" id="id_5214848_1470519_1_1">Other Assets And Other Liabilities [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_OtherAssetsAndOtherLiabilitiesTextBlock_lbl" xml:lang="en-US" id="id_5214848_1470519_2_1">Other Assets and Other Liabilities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_OtherAssetsAndOtherLiabilitiesTextBlock" xlink:to="pld_OtherAssetsAndOtherLiabilitiesTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_OtherAssetsInOtherAssetDisclosure" xlink:label="pld_OtherAssetsInOtherAssetDisclosure"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_OtherAssetsInOtherAssetDisclosure_lbl" xml:lang="en-US" id="id_5214848_1416735_3_1">Other Assets In Other Asset Disclosure</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_OtherAssetsInOtherAssetDisclosure_lbl" xml:lang="en-US" id="id_5214848_1416735_1_1">Other Assets In Other Asset Disclosure</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_OtherAssetsInOtherAssetDisclosure_lbl" xml:lang="en-US" id="id_5214848_1416735_2_1">Other</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_OtherAssetsInOtherAssetDisclosure" xlink:to="pld_OtherAssetsInOtherAssetDisclosure_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherAssetsNoncurrent" xlink:label="us-gaap_OtherAssetsNoncurrent"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherAssetsNoncurrent_lbl" xml:lang="en-US" id="id_5214848_1288618_1_1">Other Assets, Noncurrent</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OtherAssetsNoncurrent_lbl" xml:lang="en-US" id="id_5214848_1288618_2_1">Other assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherAssetsNoncurrent" xlink:to="us-gaap_OtherAssetsNoncurrent_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherCapitalizedPropertyPlantAndEquipmentMember" xlink:label="us-gaap_OtherCapitalizedPropertyPlantAndEquipmentMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherCapitalizedPropertyPlantAndEquipmentMember_lbl" xml:lang="en-US" id="id_5214848_1272723_1_1">Other Capitalized Property Plant and Equipment [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OtherCapitalizedPropertyPlantAndEquipmentMember_lbl" xml:lang="en-US" id="id_5214848_1272723_2_1">Other Real Estate Investments [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherCapitalizedPropertyPlantAndEquipmentMember" xlink:to="us-gaap_OtherCapitalizedPropertyPlantAndEquipmentMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent" xlink:label="us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent_lbl" xml:lang="en-US" id="id_5214848_1283550_1_1">Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Parent</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax_lbl" xml:lang="en-US" id="id_5214848_1284887_2_1">Unrealized gains (losses) and amortization on derivative contracts, net</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax_lbl" xml:lang="en-US" id="id_5214848_1284887_12_1">Unrealized gains and amortization on derivative contracts, net</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax" xlink:to="us-gaap_OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax" xlink:label="us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax"/>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax_lbl" xml:lang="en-US" id="id_5214848_1281720_2_1">Foreign currency translation losses, net</label>
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    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest" xlink:label="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest_lbl" xml:lang="en-US" id="id_5214848_1287616_1_1">Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interest</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest_lbl" xml:lang="en-US" id="id_5214848_1287616_14_1">Other comprehensive loss attributable to noncontrolling interest</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest" xlink:to="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax" xlink:label="us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax_lbl" xml:lang="en-US" id="id_5214848_1284011_1_1">Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax_lbl" xml:lang="en-US" id="id_5214848_1284011_2_1">Unrealized gains (losses) and amortization on derivative contracts, net</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax" xlink:to="us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_OtherConsolidatedEntitiesMember" xlink:label="pld_OtherConsolidatedEntitiesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_OtherConsolidatedEntitiesMember_lbl" xml:lang="en-US" id="id_5214848_1355401_3_1">Other consolidated entities.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_OtherConsolidatedEntitiesMember_lbl" xml:lang="en-US" id="id_5214848_1355401_1_1">Other Consolidated Entities [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_OtherConsolidatedEntitiesMember_lbl" xml:lang="en-US" id="id_5214848_1355401_2_1">Other Consolidated Entities [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_OtherConsolidatedEntitiesMember" xlink:to="pld_OtherConsolidatedEntitiesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherCostAndExpenseOperating" xlink:label="us-gaap_OtherCostAndExpenseOperating"/>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OtherCostAndExpenseOperating_lbl" xml:lang="en-US" id="id_5214848_1289145_2_1">Other expenses</label>
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    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_OtherCountriesMember" xlink:label="pld_OtherCountriesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_OtherCountriesMember_lbl" xml:lang="en-US" id="id_5214848_1490146_3_1">Other Countries [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_OtherCountriesMember_lbl" xml:lang="en-US" id="id_5214848_1490146_1_1">Other Countries [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_OtherCountriesMember_lbl" xml:lang="en-US" id="id_5214848_1490146_2_1">Other [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_OtherCountriesMember" xlink:to="pld_OtherCountriesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_OtherDebtMember" xlink:label="pld_OtherDebtMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_OtherDebtMember_lbl" xml:lang="en-US" id="id_5214848_1332762_3_1">Carrying value as of the balance sheet date of other collateralized debt obligations.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_OtherDebtMember_lbl" xml:lang="en-US" id="id_5214848_1332762_1_1">Other Debt [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_OtherDebtMember_lbl" xml:lang="en-US" id="id_5214848_1332762_2_1">Term Loans and Other Debt [Member]</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_OtherInvesteesMember_lbl" xml:lang="en-US" id="id_5214848_1337445_3_1">Other investees.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_OtherInvesteesMember_lbl" xml:lang="en-US" id="id_5214848_1337445_1_1">Other Investees [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_OtherInvesteesMember_lbl" xml:lang="en-US" id="id_5214848_1337445_2_1">Other Joint Ventures [Member]</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherLiabilities_lbl" xml:lang="en-US" id="id_5214848_1282157_1_1">Other Liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OtherLiabilities_lbl" xml:lang="en-US" id="id_5214848_1282157_2_1">Other liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_OtherLiabilities_lbl" xml:lang="en-US" id="id_5214848_1282157_6_1">Totals</label>
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    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherLiabilitiesDisclosureAbstract" xlink:label="us-gaap_OtherLiabilitiesDisclosureAbstract"/>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OtherLiabilitiesDisclosureAbstract_lbl" xml:lang="en-US" id="id_5214848_1274403_2_1">Other Liabilities Disclosure [Abstract]</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_OtherLiabilitiesInOtherLiabilitiesDisclosure_lbl" xml:lang="en-US" id="id_5214848_1373690_3_1">Other liabilities not separately disclosed.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_OtherLiabilitiesInOtherLiabilitiesDisclosure_lbl" xml:lang="en-US" id="id_5214848_1373690_1_1">Other Liabilities In Other Liabilities Disclosure</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_OtherLiabilitiesInOtherLiabilitiesDisclosure_lbl" xml:lang="en-US" id="id_5214848_1373690_2_1">Other</label>
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    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherNonoperatingIncomeExpense" xlink:label="us-gaap_OtherNonoperatingIncomeExpense"/>
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    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherOwnershipInterestsUnitsIssued" xlink:label="us-gaap_OtherOwnershipInterestsUnitsIssued"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherOwnershipInterestsUnitsIssued_lbl" xml:lang="en-US" id="id_5214848_1279303_1_1">Other Ownership Interests, Units Issued</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OtherOwnershipInterestsUnitsIssued_lbl" xml:lang="en-US" id="id_5214848_1279303_2_1">Number of limited partnership units issued</label>
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    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherOwnershipInterestsValue" xlink:label="us-gaap_OtherOwnershipInterestsValue"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherOwnershipInterestsValue_lbl" xml:lang="en-US" id="id_5214848_1283534_1_1">Other Ownership Interests, Contributed Capital</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OtherOwnershipInterestsValue_lbl" xml:lang="en-US" id="id_5214848_1283534_2_1">Amount of partnership units issued</label>
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    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherRealEstateRevenue" xlink:label="us-gaap_OtherRealEstateRevenue"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherRealEstateRevenue_lbl" xml:lang="en-US" id="id_5214848_1284872_1_1">Other Real Estate Revenue</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OtherRealEstateRevenue_lbl" xml:lang="en-US" id="id_5214848_1284872_2_1">Development management and other income</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherRealEstateRevenue" xlink:to="us-gaap_OtherRealEstateRevenue_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_OutperformancePlanMember" xlink:label="pld_OutperformancePlanMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_OutperformancePlanMember_lbl" xml:lang="en-US" id="id_5214848_1408033_3_1">Outperformance Plan [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_OutperformancePlanMember_lbl" xml:lang="en-US" id="id_5214848_1408033_1_1">Outperformance Plan [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_OutperformancePlanMember_lbl" xml:lang="en-US" id="id_5214848_1408033_2_1">Out-Performance Plan [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_OutperformancePlanMember" xlink:to="pld_OutperformancePlanMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_OutstandingLimitedPartnershipUnitsExchangeableIntoCashOrCommonShares" xlink:label="pld_OutstandingLimitedPartnershipUnitsExchangeableIntoCashOrCommonShares"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_OutstandingLimitedPartnershipUnitsExchangeableIntoCashOrCommonShares_lbl" xml:lang="en-US" id="id_5214848_1367027_3_1">Outstanding limited partnership units converted into cash or common shares.</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_OutstandingLimitedPartnershipUnitsExchangeableIntoCashOrCommonShares_lbl" xml:lang="en-US" id="id_5214848_1367027_2_1">Outstanding limited partnership units</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_OutstandingLimitedPartnershipUnitsExchangeableIntoCashOrCommonShares" xlink:to="pld_OutstandingLimitedPartnershipUnitsExchangeableIntoCashOrCommonShares_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_OutstandingPerformanceAndSuretyBonds" xlink:label="pld_OutstandingPerformanceAndSuretyBonds"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_OutstandingPerformanceAndSuretyBonds_lbl" xml:lang="en-US" id="id_5214848_1362884_3_1">Outstanding performance and surety bonds.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_OutstandingPerformanceAndSuretyBonds_lbl" xml:lang="en-US" id="id_5214848_1362884_1_1">Outstanding Performance And Surety Bonds</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_OutstandingPerformanceAndSuretyBonds_lbl" xml:lang="en-US" id="id_5214848_1362884_2_1">Outstanding performance and surety bonds</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_OutstandingPerformanceAndSuretyBonds" xlink:to="pld_OutstandingPerformanceAndSuretyBonds_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_OverlookDistributionCenterMember" xlink:label="pld_OverlookDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_OverlookDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1393375_3_1">Overlook distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_OverlookDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1393375_1_1">Overlook Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_OverlookDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1393375_2_1">Overlook Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_OverlookDistributionCenterMember" xlink:to="pld_OverlookDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_OwnershipPercentageInJointVenture" xlink:label="pld_OwnershipPercentageInJointVenture"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_OwnershipPercentageInJointVenture_lbl" xml:lang="en-US" id="id_5214848_1306606_3_1">Ownership Percentage In Joint Venture</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_OwnershipPercentageInJointVenture_lbl" xml:lang="en-US" id="id_5214848_1306606_1_1">Ownership Percentage In Joint Venture</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_OwnershipPercentageInJointVenture_lbl" xml:lang="en-US" id="id_5214848_1306606_2_1">Ownership percentage in joint venture</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_OwnershipPercentageInJointVenture" xlink:to="pld_OwnershipPercentageInJointVenture_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PacificBusinessCenterMember" xlink:label="pld_PacificBusinessCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PacificBusinessCenterMember_lbl" xml:lang="en-US" id="id_5214848_1419425_3_1">Pacific Business Center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PacificBusinessCenterMember_lbl" xml:lang="en-US" id="id_5214848_1419425_1_1">Pacific Business Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PacificBusinessCenterMember_lbl" xml:lang="en-US" id="id_5214848_1419425_2_1">Pacific Bus Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PacificBusinessCenterMember" xlink:to="pld_PacificBusinessCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PacificCommonsIndustrialCenterMember" xlink:label="pld_PacificCommonsIndustrialCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PacificCommonsIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1401615_3_1">Pacific commons industrial center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PacificCommonsIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1401615_1_1">Pacific Commons Industrial Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PacificCommonsIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1401615_2_1">Pacific Commons Industrial Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PacificCommonsIndustrialCenterMember" xlink:to="pld_PacificCommonsIndustrialCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PacificIndustrialCenterMember" xlink:label="pld_PacificIndustrialCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PacificIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1532242_3_1">Pacific industrial center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PacificIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1532242_1_1">Pacific Industrial Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PacificIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1532242_2_1">Pacific Industrial Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PacificIndustrialCenterMember" xlink:to="pld_PacificIndustrialCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PackerWayDistributionCenterMember" xlink:label="pld_PackerWayDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PackerWayDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1364194_3_1">Packer way distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PackerWayDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1364194_1_1">Packer Way Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PackerWayDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1364194_2_1">Packer Way Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PackerWayDistributionCenterMember" xlink:to="pld_PackerWayDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PagosaDistributionCenterMember" xlink:label="pld_PagosaDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PagosaDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1560852_3_1">Pagosa distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PagosaDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1560852_1_1">Pagosa Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PagosaDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1560852_2_1">Pagosa Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PagosaDistributionCenterMember" xlink:to="pld_PagosaDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PapagoDistributionCenterMember" xlink:label="pld_PapagoDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PapagoDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1294167_3_1">Papago distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PapagoDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1294167_1_1">Papago Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PapagoDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1294167_2_1">Papago Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PapagoDistributionCenterMember" xlink:to="pld_PapagoDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ParentCompanysOwnership" xlink:label="pld_ParentCompanysOwnership"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ParentCompanysOwnership_lbl" xml:lang="en-US" id="id_5214848_1554499_3_1">Parent company's ownership percentage.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ParentCompanysOwnership_lbl" xml:lang="en-US" id="id_5214848_1554499_1_1">Parent Companys Ownership</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ParentCompanysOwnership_lbl" xml:lang="en-US" id="id_5214848_1554499_2_1">Parent Company's Ownership</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ParentCompanysOwnership" xlink:to="pld_ParentCompanysOwnership_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ParkFirstTwoHundredAndSeventyFiveMember" xlink:label="pld_ParkFirstTwoHundredAndSeventyFiveMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ParkFirstTwoHundredAndSeventyFiveMember_lbl" xml:lang="en-US" id="id_5214848_1432287_3_1">Park first two hundred and seventy five.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ParkFirstTwoHundredAndSeventyFiveMember_lbl" xml:lang="en-US" id="id_5214848_1432287_1_1">Park First Two Hundred And Seventy Five [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ParkFirstTwoHundredAndSeventyFiveMember_lbl" xml:lang="en-US" id="id_5214848_1432287_2_1">Park I-275 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ParkFirstTwoHundredAndSeventyFiveMember" xlink:to="pld_ParkFirstTwoHundredAndSeventyFiveMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_Parki85Member" xlink:label="pld_Parki85Member"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_Parki85Member_lbl" xml:lang="en-US" id="id_5214848_1610284_3_1">ParkI 85 [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_Parki85Member_lbl" xml:lang="en-US" id="id_5214848_1610284_1_1">ParkI 85 [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_Parki85Member_lbl" xml:lang="en-US" id="id_5214848_1610284_2_1">Park I-85 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_Parki85Member" xlink:to="pld_Parki85Member_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ParkiSeventyFiveSouthMember" xlink:label="pld_ParkiSeventyFiveSouthMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ParkiSeventyFiveSouthMember_lbl" xml:lang="en-US" id="id_5214848_1366499_3_1">Parki Seventy Five South [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ParkiSeventyFiveSouthMember_lbl" xml:lang="en-US" id="id_5214848_1366499_1_1">Parki Seventy Five South [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ParkiSeventyFiveSouthMember_lbl" xml:lang="en-US" id="id_5214848_1366499_2_1">Park I-75 South [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ParkiSeventyFiveSouthMember" xlink:to="pld_ParkiSeventyFiveSouthMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ParkOneHundredIndustrialCenterMember" xlink:label="pld_ParkOneHundredIndustrialCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ParkOneHundredIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1538730_3_1">Park one hundred industrial center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ParkOneHundredIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1538730_1_1">Park One Hundred Industrial Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ParkOneHundredIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1538730_2_1">Park 100 Industrial Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ParkOneHundredIndustrialCenterMember" xlink:to="pld_ParkOneHundredIndustrialCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ParkThirtyThreeDistributionCenterMember" xlink:label="pld_ParkThirtyThreeDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ParkThirtyThreeDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1403001_3_1">Park thirty three distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ParkThirtyThreeDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1403001_1_1">Park Thirty Three Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ParkThirtyThreeDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1403001_2_1">Park 33 Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ParkThirtyThreeDistributionCenterMember" xlink:to="pld_ParkThirtyThreeDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ParkTwoSixSevenMember" xlink:label="pld_ParkTwoSixSevenMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ParkTwoSixSevenMember_lbl" xml:lang="en-US" id="id_5214848_1609665_3_1">Park Two Six Seven [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ParkTwoSixSevenMember_lbl" xml:lang="en-US" id="id_5214848_1609665_1_1">Park Two Six Seven [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ParkTwoSixSevenMember_lbl" xml:lang="en-US" id="id_5214848_1609665_2_1">Park 267 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ParkTwoSixSevenMember" xlink:to="pld_ParkTwoSixSevenMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ParqueOpcionMember" xlink:label="pld_ParqueOpcionMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ParqueOpcionMember_lbl" xml:lang="en-US" id="id_5214848_1561275_3_1">Parque Opcion.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ParqueOpcionMember_lbl" xml:lang="en-US" id="id_5214848_1561275_1_1">Parque Opcion [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ParqueOpcionMember_lbl" xml:lang="en-US" id="id_5214848_1561275_2_1">Parque Opcion [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ParqueOpcionMember" xlink:to="pld_ParqueOpcionMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PartnerCapitalComponentsAxis" xlink:label="us-gaap_PartnerCapitalComponentsAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PartnerCapitalComponentsAxis_lbl" xml:lang="en-US" id="id_5214848_1280950_1_1">Partner Capital Components [Axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PartnerCapitalComponentsAxis_lbl" xml:lang="en-US" id="id_5214848_1280950_2_1">Partner Capital Components [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PartnerCapitalComponentsAxis" xlink:to="us-gaap_PartnerCapitalComponentsAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PartnerCapitalComponentsDomain" xlink:label="us-gaap_PartnerCapitalComponentsDomain"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PartnerCapitalComponentsDomain_lbl" xml:lang="en-US" id="id_5214848_1279311_1_1">Partner Capital Components [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PartnerCapitalComponentsDomain_lbl" xml:lang="en-US" id="id_5214848_1279311_2_1">Partner Capital Components [Domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PartnerCapitalComponentsDomain" xlink:to="us-gaap_PartnerCapitalComponentsDomain_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PartnersCapital" xlink:label="us-gaap_PartnersCapital"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PartnersCapital_lbl" xml:lang="en-US" id="id_5214848_1282207_1_1">Partners' Capital</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_PartnersCapital_lbl" xml:lang="en-US" id="id_5214848_1282207_6_1">Total partners' capital</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PartnersCapital" xlink:to="us-gaap_PartnersCapital_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PartnersCapitalAbstract" xlink:label="us-gaap_PartnersCapitalAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PartnersCapitalAbstract_lbl" xml:lang="en-US" id="id_5214848_1274432_1_1">Partners' Capital [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PartnersCapitalAbstract_lbl" xml:lang="en-US" id="id_5214848_1274432_2_1">Partners' capital:</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PartnersCapitalAbstract" xlink:to="us-gaap_PartnersCapitalAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PartnersCapitalAccountDistributions" xlink:label="us-gaap_PartnersCapitalAccountDistributions"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PartnersCapitalAccountDistributions_lbl" xml:lang="en-US" id="id_5214848_1288159_1_1">Partners' Capital Account, Distributions</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_PartnersCapitalAccountDistributions_lbl" xml:lang="en-US" id="id_5214848_1288159_14_1">Distributions and allocations</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PartnersCapitalAccountDistributions" xlink:to="us-gaap_PartnersCapitalAccountDistributions_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PartnersCapitalAccountUnits" xlink:label="us-gaap_PartnersCapitalAccountUnits"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PartnersCapitalAccountUnits_lbl" xml:lang="en-US" id="id_5214848_1279315_1_1">Partners' Capital Account, Units</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_PartnersCapitalAccountUnits_lbl" xml:lang="en-US" id="id_5214848_1279315_4_1">Ending balance, Units</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_PartnersCapitalAccountUnits_lbl" xml:lang="en-US" id="id_5214848_1279315_5_1">Beginning balance, Units</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PartnersCapitalAccountUnits_lbl" xml:lang="en-US" id="id_5214848_1279315_2_1">Units outstanding</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PartnersCapitalAccountUnits" xlink:to="us-gaap_PartnersCapitalAccountUnits_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest" xlink:label="us-gaap_PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest_lbl" xml:lang="en-US" id="id_5214848_1282193_1_1">Partners' Capital, Including Portion Attributable to Noncontrolling Interest</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest_lbl" xml:lang="en-US" id="id_5214848_1282193_4_1">Ending balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest_lbl" xml:lang="en-US" id="id_5214848_1282193_5_1">Beginning balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest_lbl" xml:lang="en-US" id="id_5214848_1282193_6_1">Total capital</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest" xlink:to="us-gaap_PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PartnersCapitalOfOperatingPartnershipNoteDisclosureTextBlock" xlink:label="pld_PartnersCapitalOfOperatingPartnershipNoteDisclosureTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PartnersCapitalOfOperatingPartnershipNoteDisclosureTextBlock_lbl" xml:lang="en-US" id="id_5214848_1411837_3_1">Partners capital of the operating partnership.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PartnersCapitalOfOperatingPartnershipNoteDisclosureTextBlock_lbl" xml:lang="en-US" id="id_5214848_1411837_1_1">Partners Capital Of Operating Partnership Note Disclosure [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PartnersCapitalOfOperatingPartnershipNoteDisclosureTextBlock_lbl" xml:lang="en-US" id="id_5214848_1411837_2_1">Partners' Capital of Prologis, L.P.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PartnersCapitalOfOperatingPartnershipNoteDisclosureTextBlock" xlink:to="pld_PartnersCapitalOfOperatingPartnershipNoteDisclosureTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PartnershipsWithExchangeableUnitsMember" xlink:label="pld_PartnershipsWithExchangeableUnitsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PartnershipsWithExchangeableUnitsMember_lbl" xml:lang="en-US" id="id_5214848_1374683_3_1">Partnerships with exchangeable units.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PartnershipsWithExchangeableUnitsMember_lbl" xml:lang="en-US" id="id_5214848_1374683_1_1">Partnerships With Exchangeable Units [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PartnershipsWithExchangeableUnitsMember_lbl" xml:lang="en-US" id="id_5214848_1374683_2_1">Partnerships with Exchangeable Units [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PartnershipsWithExchangeableUnitsMember" xlink:to="pld_PartnershipsWithExchangeableUnitsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PartnerTypeOfPartnersCapitalAccountAxis" xlink:label="us-gaap_PartnerTypeOfPartnersCapitalAccountAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PartnerTypeOfPartnersCapitalAccountAxis_lbl" xml:lang="en-US" id="id_5214848_1280946_1_1">Partner Type [Axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PartnerTypeOfPartnersCapitalAccountAxis_lbl" xml:lang="en-US" id="id_5214848_1280946_2_1">Partner Type [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PartnerTypeOfPartnersCapitalAccountAxis" xlink:to="us-gaap_PartnerTypeOfPartnersCapitalAccountAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PartnerTypeOfPartnersCapitalAccountNameDomain" xlink:label="us-gaap_PartnerTypeOfPartnersCapitalAccountNameDomain"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PartnerTypeOfPartnersCapitalAccountNameDomain_lbl" xml:lang="en-US" id="id_5214848_1271071_1_1">Partner Type of Partners' Capital Account, Name [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PartnerTypeOfPartnersCapitalAccountNameDomain_lbl" xml:lang="en-US" id="id_5214848_1271071_2_1">Partner Type of Partners' Capital Account, Name [Domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PartnerTypeOfPartnersCapitalAccountNameDomain" xlink:to="us-gaap_PartnerTypeOfPartnersCapitalAccountNameDomain_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PattersonPassBusinessCenterMember" xlink:label="pld_PattersonPassBusinessCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PattersonPassBusinessCenterMember_lbl" xml:lang="en-US" id="id_5214848_1466877_3_1">Patterson pass business center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PattersonPassBusinessCenterMember_lbl" xml:lang="en-US" id="id_5214848_1466877_1_1">Patterson Pass Business Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PattersonPassBusinessCenterMember_lbl" xml:lang="en-US" id="id_5214848_1466877_2_1">Patterson Pass Business Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PattersonPassBusinessCenterMember" xlink:to="pld_PattersonPassBusinessCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PatuxentRangeRoadMember" xlink:label="pld_PatuxentRangeRoadMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PatuxentRangeRoadMember_lbl" xml:lang="en-US" id="id_5214848_1466339_3_1">Patuxent Range Road [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PatuxentRangeRoadMember_lbl" xml:lang="en-US" id="id_5214848_1466339_1_1">Patuxent Range Road [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PatuxentRangeRoadMember_lbl" xml:lang="en-US" id="id_5214848_1466339_2_1">Patuxent Range Road [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PatuxentRangeRoadMember" xlink:to="pld_PatuxentRangeRoadMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentOfFinancingAndStockIssuanceCosts" xlink:label="us-gaap_PaymentOfFinancingAndStockIssuanceCosts"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PaymentOfFinancingAndStockIssuanceCosts_lbl" xml:lang="en-US" id="id_5214848_1281703_1_1">Payment of Financing and Stock Issuance Costs</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_PaymentOfFinancingAndStockIssuanceCosts_lbl" xml:lang="en-US" id="id_5214848_1281703_14_1">Debt and capital issuance costs paid</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentOfFinancingAndStockIssuanceCosts" xlink:to="us-gaap_PaymentOfFinancingAndStockIssuanceCosts_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsForCapitalImprovements" xlink:label="us-gaap_PaymentsForCapitalImprovements"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PaymentsForCapitalImprovements_lbl" xml:lang="en-US" id="id_5214848_1283519_1_1">Payments for Capital Improvements</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_PaymentsForCapitalImprovements_lbl" xml:lang="en-US" id="id_5214848_1283519_14_1">Non-development capital expenditures</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsForCapitalImprovements" xlink:to="us-gaap_PaymentsForCapitalImprovements_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsForLeasingCostsCommissionsAndTenantImprovements" xlink:label="us-gaap_PaymentsForLeasingCostsCommissionsAndTenantImprovements"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PaymentsForLeasingCostsCommissionsAndTenantImprovements_lbl" xml:lang="en-US" id="id_5214848_1283521_1_1">Payments for Leasing Costs, Commissions, and Tenant Improvements</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_PaymentsForLeasingCostsCommissionsAndTenantImprovements_lbl" xml:lang="en-US" id="id_5214848_1283521_14_1">Tenant improvements and lease commissions on previously leased space</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsForLeasingCostsCommissionsAndTenantImprovements" xlink:to="us-gaap_PaymentsForLeasingCostsCommissionsAndTenantImprovements_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsForRepurchaseOfRedeemableNoncontrollingInterest" xlink:label="us-gaap_PaymentsForRepurchaseOfRedeemableNoncontrollingInterest"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PaymentsForRepurchaseOfRedeemableNoncontrollingInterest_lbl" xml:lang="en-US" id="id_5214848_1282654_1_1">Payments for Repurchase of Redeemable Noncontrolling Interest</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_PaymentsForRepurchaseOfRedeemableNoncontrollingInterest_lbl" xml:lang="en-US" id="id_5214848_1282654_14_1">Purchase of noncontrolling interest</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsForRepurchaseOfRedeemableNoncontrollingInterest" xlink:to="us-gaap_PaymentsForRepurchaseOfRedeemableNoncontrollingInterest_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsOfDividends" xlink:label="us-gaap_PaymentsOfDividends"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PaymentsOfDividends_lbl" xml:lang="en-US" id="id_5214848_1282186_1_1">Payments of Dividends</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_PaymentsOfDividends_lbl" xml:lang="en-US" id="id_5214848_1282186_14_1">Distributions paid on common and preferred units</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsOfDividends" xlink:to="us-gaap_PaymentsOfDividends_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsToAcquireAndDevelopRealEstate" xlink:label="us-gaap_PaymentsToAcquireAndDevelopRealEstate"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PaymentsToAcquireAndDevelopRealEstate_lbl" xml:lang="en-US" id="id_5214848_1283083_1_1">Payments to Acquire and Develop Real Estate</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_PaymentsToAcquireAndDevelopRealEstate_lbl" xml:lang="en-US" id="id_5214848_1283083_14_1">Real estate development activity</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsToAcquireAndDevelopRealEstate" xlink:to="us-gaap_PaymentsToAcquireAndDevelopRealEstate_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsToAcquireBusinessesAndInterestInAffiliates" xlink:label="us-gaap_PaymentsToAcquireBusinessesAndInterestInAffiliates"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PaymentsToAcquireBusinessesAndInterestInAffiliates_lbl" xml:lang="en-US" id="id_5214848_1283085_1_1">Payments to Acquire Businesses and Interest in Affiliates</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_PaymentsToAcquireBusinessesAndInterestInAffiliates_lbl" xml:lang="en-US" id="id_5214848_1283085_14_1">Acquisition of unconsolidated co-investment ventures, net of cash received</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsToAcquireBusinessesAndInterestInAffiliates" xlink:to="us-gaap_PaymentsToAcquireBusinessesAndInterestInAffiliates_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates" xlink:label="us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates_lbl" xml:lang="en-US" id="id_5214848_1284427_1_1">Payments to Acquire Interest in Subsidiaries and Affiliates</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates_lbl" xml:lang="en-US" id="id_5214848_1284427_14_1">Investments in and advances to unconsolidated entities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates" xlink:to="us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsToAcquireLimitedPartnershipInterests" xlink:label="us-gaap_PaymentsToAcquireLimitedPartnershipInterests"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PaymentsToAcquireLimitedPartnershipInterests_lbl" xml:lang="en-US" id="id_5214848_1282176_1_1">Payments to Acquire Limited Partnership Interests</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PaymentsToAcquireLimitedPartnershipInterests_lbl" xml:lang="en-US" id="id_5214848_1282176_2_1">Payment to acquire partners' interest</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsToAcquireLimitedPartnershipInterests" xlink:to="us-gaap_PaymentsToAcquireLimitedPartnershipInterests_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsToAcquireRealEstate" xlink:label="us-gaap_PaymentsToAcquireRealEstate"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PaymentsToAcquireRealEstate_lbl" xml:lang="en-US" id="id_5214848_1283966_1_1">Payments to Acquire Real Estate</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_PaymentsToAcquireRealEstate_lbl" xml:lang="en-US" id="id_5214848_1283966_14_1">Real estate acquisitions</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsToAcquireRealEstate" xlink:to="us-gaap_PaymentsToAcquireRealEstate_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PdxCargoCenterAirtransMember" xlink:label="pld_PdxCargoCenterAirtransMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PdxCargoCenterAirtransMember_lbl" xml:lang="en-US" id="id_5214848_1516619_3_1">Pdx Cargo Center Airtrans.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PdxCargoCenterAirtransMember_lbl" xml:lang="en-US" id="id_5214848_1516619_1_1">Pdx Cargo Center Airtrans [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PdxCargoCenterAirtransMember_lbl" xml:lang="en-US" id="id_5214848_1516619_2_1">PDX Cargo Center Airtrans [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PdxCargoCenterAirtransMember" xlink:to="pld_PdxCargoCenterAirtransMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PdxCorporateCenterEastMember" xlink:label="pld_PdxCorporateCenterEastMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PdxCorporateCenterEastMember_lbl" xml:lang="en-US" id="id_5214848_1610129_3_1">PDX Corporate Center East [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PdxCorporateCenterEastMember_lbl" xml:lang="en-US" id="id_5214848_1610129_1_1">PDX Corporate Center East [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PdxCorporateCenterEastMember_lbl" xml:lang="en-US" id="id_5214848_1610129_2_1">PDX Corporate Center East [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PdxCorporateCenterEastMember" xlink:to="pld_PdxCorporateCenterEastMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PdxCorporateCenterNorthPhaseTwoMember" xlink:label="pld_PdxCorporateCenterNorthPhaseTwoMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PdxCorporateCenterNorthPhaseTwoMember_lbl" xml:lang="en-US" id="id_5214848_1538160_3_1">PDX corporate center north phase two.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PdxCorporateCenterNorthPhaseTwoMember_lbl" xml:lang="en-US" id="id_5214848_1538160_1_1">Pdx Corporate Center North Phase Two [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PdxCorporateCenterNorthPhaseTwoMember_lbl" xml:lang="en-US" id="id_5214848_1538160_2_1">PDX Corporate Center North Phase II [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PdxCorporateCenterNorthPhaseTwoMember" xlink:to="pld_PdxCorporateCenterNorthPhaseTwoMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PdxCorporateCenterNorthSouthMember" xlink:label="pld_PdxCorporateCenterNorthSouthMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PdxCorporateCenterNorthSouthMember_lbl" xml:lang="en-US" id="id_5214848_1610292_3_1">PDX Corporate Center North South [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PdxCorporateCenterNorthSouthMember_lbl" xml:lang="en-US" id="id_5214848_1610292_1_1">PDX Corporate Center North South [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PdxCorporateCenterNorthSouthMember_lbl" xml:lang="en-US" id="id_5214848_1610292_2_1">PDX Corporate Center North/South [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PdxCorporateCenterNorthSouthMember" xlink:to="pld_PdxCorporateCenterNorthSouthMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PeachtreeCornersBusinessCenterMember" xlink:label="pld_PeachtreeCornersBusinessCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PeachtreeCornersBusinessCenterMember_lbl" xml:lang="en-US" id="id_5214848_1318564_3_1">Peachtree corners business center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PeachtreeCornersBusinessCenterMember_lbl" xml:lang="en-US" id="id_5214848_1318564_1_1">Peachtree Corners Business Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PeachtreeCornersBusinessCenterMember_lbl" xml:lang="en-US" id="id_5214848_1318564_2_1">Peachtree Corners Business Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PeachtreeCornersBusinessCenterMember" xlink:to="pld_PeachtreeCornersBusinessCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PearsonLogistCtrMember" xlink:label="pld_PearsonLogistCtrMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PearsonLogistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1460345_3_1">Pearson Logist. Ctr.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PearsonLogistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1460345_1_1">Pearson Logist Ctr [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PearsonLogistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1460345_2_1">Pearson Logist. Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PearsonLogistCtrMember" xlink:to="pld_PearsonLogistCtrMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PeineDistCtrMember" xlink:label="pld_PeineDistCtrMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PeineDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1610297_3_1">Peine Dist Ctr [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PeineDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1610297_1_1">Peine Dist Ctr [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PeineDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1610297_2_1">Peine Dist Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PeineDistCtrMember" xlink:to="pld_PeineDistCtrMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PennsaukenDistributionCenterMember" xlink:label="pld_PennsaukenDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PennsaukenDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1434882_3_1">Pennsauken distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PennsaukenDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1434882_1_1">Pennsauken Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PennsaukenDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1434882_2_1">Pennsauken Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PennsaukenDistributionCenterMember" xlink:to="pld_PennsaukenDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PeoriaDistributionCenterMember" xlink:label="pld_PeoriaDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PeoriaDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1609658_3_1">Peoria Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PeoriaDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1609658_1_1">Peoria Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PeoriaDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1609658_2_1">Peoria Dist Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PeoriaDistributionCenterMember" xlink:to="pld_PeoriaDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PercentageAddedToEarnedAmountUnderPlan" xlink:label="pld_PercentageAddedToEarnedAmountUnderPlan"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PercentageAddedToEarnedAmountUnderPlan_lbl" xml:lang="en-US" id="id_5214848_1496885_3_1">Percentage Added To Earned Amount Under Plan</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PercentageAddedToEarnedAmountUnderPlan_lbl" xml:lang="en-US" id="id_5214848_1496885_1_1">Percentage Added To Earned Amount Under Plan</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PercentageAddedToEarnedAmountUnderPlan_lbl" xml:lang="en-US" id="id_5214848_1496885_2_1">Outperformance hurdle, above MSCI US REIT Index</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PercentageAddedToEarnedAmountUnderPlan" xlink:to="pld_PercentageAddedToEarnedAmountUnderPlan_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PercentageOfActualCapitalGainsTaxLiabilitiesUsedForIndemnificationAmount" xlink:label="pld_PercentageOfActualCapitalGainsTaxLiabilitiesUsedForIndemnificationAmount"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PercentageOfActualCapitalGainsTaxLiabilitiesUsedForIndemnificationAmount_lbl" xml:lang="en-US" id="id_5214848_1315469_3_1">Percentage of Actual Capital Gains Tax Liabilities Used For Indemnification Amount</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PercentageOfActualCapitalGainsTaxLiabilitiesUsedForIndemnificationAmount_lbl" xml:lang="en-US" id="id_5214848_1315469_1_1">Percentage of Actual Capital Gains Tax Liabilities Used For Indemnification Amount</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PercentageOfActualCapitalGainsTaxLiabilitiesUsedForIndemnificationAmount_lbl" xml:lang="en-US" id="id_5214848_1315469_2_1">Percentage of agreement indemnification</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PercentageOfActualCapitalGainsTaxLiabilitiesUsedForIndemnificationAmount" xlink:to="pld_PercentageOfActualCapitalGainsTaxLiabilitiesUsedForIndemnificationAmount_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PercentageOfActualPromotesReceivedUnderCompensationPool" xlink:label="pld_PercentageOfActualPromotesReceivedUnderCompensationPool"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PercentageOfActualPromotesReceivedUnderCompensationPool_lbl" xml:lang="en-US" id="id_5214848_1314193_3_1">Percentage of Actual Promotes Received Under Compensation Pool</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PercentageOfActualPromotesReceivedUnderCompensationPool_lbl" xml:lang="en-US" id="id_5214848_1314193_1_1">Percentage of Actual Promotes Received Under Compensation Pool</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PercentageOfActualPromotesReceivedUnderCompensationPool_lbl" xml:lang="en-US" id="id_5214848_1314193_2_1">Total compensation pool</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PercentageOfActualPromotesReceivedUnderCompensationPool" xlink:to="pld_PercentageOfActualPromotesReceivedUnderCompensationPool_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PercentageOfCompensationPoolOverExcessValueUnderPlan" xlink:label="pld_PercentageOfCompensationPoolOverExcessValueUnderPlan"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PercentageOfCompensationPoolOverExcessValueUnderPlan_lbl" xml:lang="en-US" id="id_5214848_1506456_3_1">Percentage of Compensation Pool Over Excess Value Under Plan</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PercentageOfCompensationPoolOverExcessValueUnderPlan_lbl" xml:lang="en-US" id="id_5214848_1506456_1_1">Percentage of Compensation Pool Over Excess Value Under Plan</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PercentageOfCompensationPoolOverExcessValueUnderPlan_lbl" xml:lang="en-US" id="id_5214848_1506456_2_1">Compensation pool as percentage of excess value, if outperformance hurdle is met</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PercentageOfCompensationPoolOverExcessValueUnderPlan" xlink:to="pld_PercentageOfCompensationPoolOverExcessValueUnderPlan_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PercentageOfEquityInterestHoldsInUnconsolidatedJointVenture" xlink:label="pld_PercentageOfEquityInterestHoldsInUnconsolidatedJointVenture"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PercentageOfEquityInterestHoldsInUnconsolidatedJointVenture_lbl" xml:lang="en-US" id="id_5214848_1468637_3_1">Percentage of equity interest holds in unconsolidated joint venture.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PercentageOfEquityInterestHoldsInUnconsolidatedJointVenture_lbl" xml:lang="en-US" id="id_5214848_1468637_1_1">Percentage Of Equity Interest Holds In Unconsolidated Joint Venture</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PercentageOfEquityInterestHoldsInUnconsolidatedJointVenture_lbl" xml:lang="en-US" id="id_5214848_1468637_2_1">Percentage of equity interest holds in unconsolidated joint venture</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PercentageOfEquityInterestHoldsInUnconsolidatedJointVenture" xlink:to="pld_PercentageOfEquityInterestHoldsInUnconsolidatedJointVenture_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PercentageOfInterestInPreferredUnits" xlink:label="pld_PercentageOfInterestInPreferredUnits"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PercentageOfInterestInPreferredUnits_lbl" xml:lang="en-US" id="id_5214848_1418119_3_1">The amount of the preferred partner's ownership interests.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PercentageOfInterestInPreferredUnits_lbl" xml:lang="en-US" id="id_5214848_1418119_1_1">Percentage Of Interest In Preferred Units</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PercentageOfInterestInPreferredUnits_lbl" xml:lang="en-US" id="id_5214848_1418119_2_1">Percentage of interest in preferred units</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PercentageOfInterestInPreferredUnits" xlink:to="pld_PercentageOfInterestInPreferredUnits_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PercentageOfMarketCapitalizationProvidedToParticipantsOfPlan" xlink:label="pld_PercentageOfMarketCapitalizationProvidedToParticipantsOfPlan"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PercentageOfMarketCapitalizationProvidedToParticipantsOfPlan_lbl" xml:lang="en-US" id="id_5214848_1557426_3_1">Percentage Of Market Capitalization Provided To Participants Of Plan</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PercentageOfMarketCapitalizationProvidedToParticipantsOfPlan_lbl" xml:lang="en-US" id="id_5214848_1557426_1_1">Percentage Of Market Capitalization Provided To Participants Of Plan</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PercentageOfMarketCapitalizationProvidedToParticipantsOfPlan_lbl" xml:lang="en-US" id="id_5214848_1557426_2_1">Percentage of equity market capitalization</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PercentageOfMarketCapitalizationProvidedToParticipantsOfPlan" xlink:to="pld_PercentageOfMarketCapitalizationProvidedToParticipantsOfPlan_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PercentageOfOccupancyForStabilization" xlink:label="pld_PercentageOfOccupancyForStabilization"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PercentageOfOccupancyForStabilization_lbl" xml:lang="en-US" id="id_5214848_1502092_3_1">Percentage of occupancy for stabilization.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PercentageOfOccupancyForStabilization_lbl" xml:lang="en-US" id="id_5214848_1502092_1_1">Percentage Of Occupancy For Stabilization</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PercentageOfOccupancyForStabilization_lbl" xml:lang="en-US" id="id_5214848_1502092_2_1">Percentage of occupancy for stabilization</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PercentageOfOccupancyForStabilization" xlink:to="pld_PercentageOfOccupancyForStabilization_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PercentageOfOwnershipRestrictions" xlink:label="pld_PercentageOfOwnershipRestrictions"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PercentageOfOwnershipRestrictions_lbl" xml:lang="en-US" id="id_5214848_1499721_3_1">Percentage of ownership restrictions</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PercentageOfOwnershipRestrictions_lbl" xml:lang="en-US" id="id_5214848_1499721_1_1">Percentage Of Ownership Restrictions</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PercentageOfOwnershipRestrictions_lbl" xml:lang="en-US" id="id_5214848_1499721_2_1">Percentage of ownership restrictions</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PercentageOfOwnershipRestrictions" xlink:to="pld_PercentageOfOwnershipRestrictions_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PercentageOfReitTaxableIncomeComputedWithoutRegardToDividendsPaidDeductionAndNetCapitalGains" xlink:label="pld_PercentageOfReitTaxableIncomeComputedWithoutRegardToDividendsPaidDeductionAndNetCapitalGains"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PercentageOfReitTaxableIncomeComputedWithoutRegardToDividendsPaidDeductionAndNetCapitalGains_lbl" xml:lang="en-US" id="id_5214848_1472227_3_1">Percentage of REIT taxable income computed without regard to the dividends paid deduction and net capital gains.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PercentageOfReitTaxableIncomeComputedWithoutRegardToDividendsPaidDeductionAndNetCapitalGains_lbl" xml:lang="en-US" id="id_5214848_1472227_1_1">Percentage Of Reit Taxable Income Computed Without Regard To Dividends Paid Deduction And Net Capital Gains</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PercentageOfReitTaxableIncomeComputedWithoutRegardToDividendsPaidDeductionAndNetCapitalGains_lbl" xml:lang="en-US" id="id_5214848_1472227_2_1">Percentage of REIT taxable income computed without regard to the dividends paid deduction and net capital gains</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PercentageOfReitTaxableIncomeComputedWithoutRegardToDividendsPaidDeductionAndNetCapitalGains" xlink:to="pld_PercentageOfReitTaxableIncomeComputedWithoutRegardToDividendsPaidDeductionAndNetCapitalGains_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PerformancePeriodForMeasuringFairValueOfOutstandingAwards" xlink:label="pld_PerformancePeriodForMeasuringFairValueOfOutstandingAwards"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PerformancePeriodForMeasuringFairValueOfOutstandingAwards_lbl" xml:lang="en-US" id="id_5214848_1407667_3_1">Performance Period For Measuring Fair Value Of Outstanding Awards</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PerformancePeriodForMeasuringFairValueOfOutstandingAwards_lbl" xml:lang="en-US" id="id_5214848_1407667_1_1">Performance Period For Measuring Fair Value Of Outstanding Awards</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PerformancePeriodForMeasuringFairValueOfOutstandingAwards_lbl" xml:lang="en-US" id="id_5214848_1407667_2_1">Performance period used for fair value assumption</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PerformancePeriodForMeasuringFairValueOfOutstandingAwards" xlink:to="pld_PerformancePeriodForMeasuringFairValueOfOutstandingAwards_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PerimeterDistributionCenterMember" xlink:label="pld_PerimeterDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PerimeterDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1507069_3_1">Perimeter distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PerimeterDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1507069_1_1">Perimeter Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PerimeterDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1507069_2_1">Perimeter Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PerimeterDistributionCenterMember" xlink:to="pld_PerimeterDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PeriodAfterCompletionOfConstructionForCommencementOfDepreciation" xlink:label="pld_PeriodAfterCompletionOfConstructionForCommencementOfDepreciation"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PeriodAfterCompletionOfConstructionForCommencementOfDepreciation_lbl" xml:lang="en-US" id="id_5214848_1503756_3_1">Period after completion of construction for commencement of depreciation.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PeriodAfterCompletionOfConstructionForCommencementOfDepreciation_lbl" xml:lang="en-US" id="id_5214848_1503756_1_1">Period After Completion Of Construction For Commencement Of Depreciation</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PeriodAfterCompletionOfConstructionForCommencementOfDepreciation_lbl" xml:lang="en-US" id="id_5214848_1503756_2_1">Period after completion of construction for commencement of depreciation</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PeriodAfterCompletionOfConstructionForCommencementOfDepreciation" xlink:to="pld_PeriodAfterCompletionOfConstructionForCommencementOfDepreciation_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PeriodAxis" xlink:label="pld_PeriodAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PeriodAxis_lbl" xml:lang="en-US" id="id_5214848_1406570_3_1">Period [Axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PeriodAxis_lbl" xml:lang="en-US" id="id_5214848_1406570_1_1">Period [Axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PeriodAxis_lbl" xml:lang="en-US" id="id_5214848_1406570_2_1">Period [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PeriodAxis" xlink:to="pld_PeriodAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PeriodDomain" xlink:label="pld_PeriodDomain"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PeriodDomain_lbl" xml:lang="en-US" id="id_5214848_1559131_3_1">Period [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PeriodDomain_lbl" xml:lang="en-US" id="id_5214848_1559131_1_1">Period [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PeriodDomain_lbl" xml:lang="en-US" id="id_5214848_1559131_2_1">Period [Domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PeriodDomain" xlink:to="pld_PeriodDomain_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PeriodOneMember" xlink:label="pld_PeriodOneMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PeriodOneMember_lbl" xml:lang="en-US" id="id_5214848_1437914_3_1">Period One [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PeriodOneMember_lbl" xml:lang="en-US" id="id_5214848_1437914_1_1">Period One [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PeriodOneMember_lbl" xml:lang="en-US" id="id_5214848_1437914_2_1">For the first three years [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PeriodOneMember" xlink:to="pld_PeriodOneMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PeriodTwoMember" xlink:label="pld_PeriodTwoMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PeriodTwoMember_lbl" xml:lang="en-US" id="id_5214848_1397370_3_1">Period Two [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PeriodTwoMember_lbl" xml:lang="en-US" id="id_5214848_1397370_1_1">Period Two [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PeriodTwoMember_lbl" xml:lang="en-US" id="id_5214848_1397370_2_1">For the fourth year [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PeriodTwoMember" xlink:to="pld_PeriodTwoMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PerrinCreekCorporateCenterMember" xlink:label="pld_PerrinCreekCorporateCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PerrinCreekCorporateCenterMember_lbl" xml:lang="en-US" id="id_5214848_1504868_3_1">Perrin Creek Corporate Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PerrinCreekCorporateCenterMember_lbl" xml:lang="en-US" id="id_5214848_1504868_1_1">Perrin Creek Corporate Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PerrinCreekCorporateCenterMember_lbl" xml:lang="en-US" id="id_5214848_1504868_2_1">Perrin Creek Corporate Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PerrinCreekCorporateCenterMember" xlink:to="pld_PerrinCreekCorporateCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PhlCargoCenterCTwoMember" xlink:label="pld_PhlCargoCenterCTwoMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PhlCargoCenterCTwoMember_lbl" xml:lang="en-US" id="id_5214848_1352745_3_1">Phl Cargo Center C Two.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PhlCargoCenterCTwoMember_lbl" xml:lang="en-US" id="id_5214848_1352745_1_1">Phl Cargo Center C Two [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PhlCargoCenterCTwoMember_lbl" xml:lang="en-US" id="id_5214848_1352745_2_1">PHL Cargo Center C2 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PhlCargoCenterCTwoMember" xlink:to="pld_PhlCargoCenterCTwoMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PhoenixDistributionCenterMember" xlink:label="pld_PhoenixDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PhoenixDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1481016_3_1">Phoenix Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PhoenixDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1481016_1_1">Phoenix Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PhoenixDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1481016_2_1">Phoenix Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PhoenixDistributionCenterMember" xlink:to="pld_PhoenixDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PiedmontCtDistributionCenterMember" xlink:label="pld_PiedmontCtDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PiedmontCtDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1465780_3_1">Piedmont ct distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PiedmontCtDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1465780_1_1">Piedmont Ct Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PiedmontCtDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1465780_2_1">Piedmont Ct. Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PiedmontCtDistributionCenterMember" xlink:to="pld_PiedmontCtDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PineForestBusinessCenterMember" xlink:label="pld_PineForestBusinessCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PineForestBusinessCenterMember_lbl" xml:lang="en-US" id="id_5214848_1432849_3_1">Pine forest business center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PineForestBusinessCenterMember_lbl" xml:lang="en-US" id="id_5214848_1432849_1_1">Pine Forest Business Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PineForestBusinessCenterMember_lbl" xml:lang="en-US" id="id_5214848_1432849_2_1">Pine Forest Business Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PineForestBusinessCenterMember" xlink:to="pld_PineForestBusinessCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PinemontDistributionCenterMember" xlink:label="pld_PinemontDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PinemontDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1323620_3_1">Pinemont distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PinemontDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1323620_1_1">Pinemont Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PinemontDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1323620_2_1">Pinemont Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PinemontDistributionCenterMember" xlink:to="pld_PinemontDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PineNorthDistributionCenterMember" xlink:label="pld_PineNorthDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PineNorthDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1483303_3_1">Pine north distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PineNorthDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1483303_1_1">Pine North Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PineNorthDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1483303_2_1">Pine North Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PineNorthDistributionCenterMember" xlink:to="pld_PineNorthDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PiotrkowSecondDistributionCenterMember" xlink:label="pld_PiotrkowSecondDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PiotrkowSecondDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1543690_3_1">Piotrkow second distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PiotrkowSecondDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1543690_1_1">Piotrkow Second Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PiotrkowSecondDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1543690_2_1">Piotrkow II Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PiotrkowSecondDistributionCenterMember" xlink:to="pld_PiotrkowSecondDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/country/2013/country-2013-01-31.xsd#country_PL" xlink:label="country_PL"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_PL_lbl" xml:lang="en-US" id="id_5214848_1269856_1_1">POLAND</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="country_PL_lbl" xml:lang="en-US" id="id_5214848_1269856_2_1">Poland [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_PL" xlink:to="country_PL_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PlanNameAxis" xlink:label="us-gaap_PlanNameAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PlanNameAxis_lbl" xml:lang="en-US" id="id_5214848_1280964_1_1">Plan Name [Axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PlanNameAxis_lbl" xml:lang="en-US" id="id_5214848_1280964_2_1">Plan Name [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PlanNameAxis" xlink:to="us-gaap_PlanNameAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PlanNameDomain" xlink:label="us-gaap_PlanNameDomain"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PlanNameDomain_lbl" xml:lang="en-US" id="id_5214848_1279330_1_1">Plan Name [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PlanNameDomain_lbl" xml:lang="en-US" id="id_5214848_1279330_2_1">Plan Name [Domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PlanNameDomain" xlink:to="us-gaap_PlanNameDomain_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PleasantPrairieDistributionCenterMember" xlink:label="pld_PleasantPrairieDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PleasantPrairieDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1346797_3_1">Pleasant prairie distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PleasantPrairieDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1346797_1_1">Pleasant Prairie Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PleasantPrairieDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1346797_2_1">Pleasant Prairie Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PleasantPrairieDistributionCenterMember" xlink:to="pld_PleasantPrairieDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PolandWroclawDistributionCenterMember" xlink:label="pld_PolandWroclawDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PolandWroclawDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1610319_3_1">Poland Wroclaw Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PolandWroclawDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1610319_1_1">Poland Wroclaw Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PolandWroclawDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1610319_2_1">Poland Wroclaw Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PolandWroclawDistributionCenterMember" xlink:to="pld_PolandWroclawDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PolandWroclawVdcMember" xlink:label="pld_PolandWroclawVdcMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PolandWroclawVdcMember_lbl" xml:lang="en-US" id="id_5214848_1610299_3_1">Poland Wroclaw VDC [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PolandWroclawVdcMember_lbl" xml:lang="en-US" id="id_5214848_1610299_1_1">Poland Wroclaw VDC [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PolandWroclawVdcMember_lbl" xml:lang="en-US" id="id_5214848_1610299_2_1">Poland Wroclaw VDC [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PolandWroclawVdcMember" xlink:to="pld_PolandWroclawVdcMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PompanoBeachDistributionCenterMember" xlink:label="pld_PompanoBeachDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PompanoBeachDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1511376_3_1">Pompano beach distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PompanoBeachDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1511376_1_1">Pompano Beach Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PompanoBeachDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1511376_2_1">Pompano Beach Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PompanoBeachDistributionCenterMember" xlink:to="pld_PompanoBeachDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PompanoCenterOfCommerMember" xlink:label="pld_PompanoCenterOfCommerMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PompanoCenterOfCommerMember_lbl" xml:lang="en-US" id="id_5214848_1324954_3_1">Pompano Center of Commer.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PompanoCenterOfCommerMember_lbl" xml:lang="en-US" id="id_5214848_1324954_1_1">Pompano Center Of Commer [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PompanoCenterOfCommerMember_lbl" xml:lang="en-US" id="id_5214848_1324954_2_1">Pompano Center Of Commer [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PompanoCenterOfCommerMember" xlink:to="pld_PompanoCenterOfCommerMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PoplarGatewayTruckTerminalMember" xlink:label="pld_PoplarGatewayTruckTerminalMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PoplarGatewayTruckTerminalMember_lbl" xml:lang="en-US" id="id_5214848_1432251_3_1">Poplar Gateway Truck Terminal [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PoplarGatewayTruckTerminalMember_lbl" xml:lang="en-US" id="id_5214848_1432251_1_1">Poplar Gateway Truck Terminal [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PoplarGatewayTruckTerminalMember_lbl" xml:lang="en-US" id="id_5214848_1432251_2_1">Poplar Gateway Truck Terminal [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PoplarGatewayTruckTerminalMember" xlink:to="pld_PoplarGatewayTruckTerminalMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PoreteAvenueWarehouseMember" xlink:label="pld_PoreteAvenueWarehouseMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PoreteAvenueWarehouseMember_lbl" xml:lang="en-US" id="id_5214848_1429732_3_1">Porete Avenue Warehouse [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PoreteAvenueWarehouseMember_lbl" xml:lang="en-US" id="id_5214848_1429732_1_1">Porete Avenue Warehouse [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PoreteAvenueWarehouseMember_lbl" xml:lang="en-US" id="id_5214848_1429732_2_1">Porete Avenue Warehouse [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PoreteAvenueWarehouseMember" xlink:to="pld_PoreteAvenueWarehouseMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PortlandOregonMember" xlink:label="pld_PortlandOregonMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PortlandOregonMember_lbl" xml:lang="en-US" id="id_5214848_1536255_3_1">Portland Oregon [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PortlandOregonMember_lbl" xml:lang="en-US" id="id_5214848_1536255_1_1">Portland Oregon [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PortlandOregonMember_lbl" xml:lang="en-US" id="id_5214848_1536255_2_1">Portland, Oregon [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PortlandOregonMember" xlink:to="pld_PortlandOregonMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PortLauderdaleDistributionCenterMember" xlink:label="pld_PortLauderdaleDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PortLauderdaleDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1328434_3_1">Port Lauderdale distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PortLauderdaleDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1328434_1_1">Port Lauderdale Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PortLauderdaleDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1328434_2_1">Port Lauderdale Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PortLauderdaleDistributionCenterMember" xlink:to="pld_PortLauderdaleDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PortOfRouenMember" xlink:label="pld_PortOfRouenMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PortOfRouenMember_lbl" xml:lang="en-US" id="id_5214848_1342409_3_1">Port of rouen,</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PortOfRouenMember_lbl" xml:lang="en-US" id="id_5214848_1342409_1_1">Port Of Rouen [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PortOfRouenMember_lbl" xml:lang="en-US" id="id_5214848_1342409_2_1">Port of Rouen [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PortOfRouenMember" xlink:to="pld_PortOfRouenMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PortOhareMember" xlink:label="pld_PortOhareMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PortOhareMember_lbl" xml:lang="en-US" id="id_5214848_1566995_3_1">Port Ohare [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PortOhareMember_lbl" xml:lang="en-US" id="id_5214848_1566995_1_1">Port Ohare [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PortOhareMember_lbl" xml:lang="en-US" id="id_5214848_1566995_2_1">Port OHare [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PortOhareMember" xlink:to="pld_PortOhareMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PortReadingBusinessParkMember" xlink:label="pld_PortReadingBusinessParkMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PortReadingBusinessParkMember_lbl" xml:lang="en-US" id="id_5214848_1374859_3_1">Port reading business park.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PortReadingBusinessParkMember_lbl" xml:lang="en-US" id="id_5214848_1374859_1_1">Port Reading Business Park [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PortReadingBusinessParkMember_lbl" xml:lang="en-US" id="id_5214848_1374859_2_1">Port Reading Business Park [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PortReadingBusinessParkMember" xlink:to="pld_PortReadingBusinessParkMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PortsJerseyCityDistributionCenterMember" xlink:label="pld_PortsJerseyCityDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PortsJerseyCityDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1374194_3_1">Ports Jersey City Distribution Center[Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PortsJerseyCityDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1374194_1_1">Ports Jersey City Distribution Center[Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PortsJerseyCityDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1374194_2_1">Ports Jersey City Distribution Center[Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PortsJerseyCityDistributionCenterMember" xlink:to="pld_PortsJerseyCityDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PortviewCommerceCenterMember" xlink:label="pld_PortviewCommerceCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PortviewCommerceCenterMember_lbl" xml:lang="en-US" id="id_5214848_1558289_3_1">Portview Commerce Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PortviewCommerceCenterMember_lbl" xml:lang="en-US" id="id_5214848_1558289_1_1">Portview Commerce Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PortviewCommerceCenterMember_lbl" xml:lang="en-US" id="id_5214848_1558289_2_1">Portview Commerce Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PortviewCommerceCenterMember" xlink:to="pld_PortviewCommerceCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PostOakBusinessCenterMember" xlink:label="pld_PostOakBusinessCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PostOakBusinessCenterMember_lbl" xml:lang="en-US" id="id_5214848_1427093_3_1">Post oak business center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PostOakBusinessCenterMember_lbl" xml:lang="en-US" id="id_5214848_1427093_1_1">Post Oak Business Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PostOakBusinessCenterMember_lbl" xml:lang="en-US" id="id_5214848_1427093_2_1">Post Oak Business Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PostOakBusinessCenterMember" xlink:to="pld_PostOakBusinessCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PostOakDistributionCenterMember" xlink:label="pld_PostOakDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PostOakDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1475223_3_1">Post oak distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PostOakDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1475223_1_1">Post Oak Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PostOakDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1475223_2_1">Post Oak Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PostOakDistributionCenterMember" xlink:to="pld_PostOakDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PottsvilleDistributionCenterMember" xlink:label="pld_PottsvilleDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PottsvilleDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1408977_3_1">Pottsville Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PottsvilleDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1408977_1_1">Pottsville Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PottsvilleDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1408977_2_1">Pottsville Dist Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PottsvilleDistributionCenterMember" xlink:to="pld_PottsvilleDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PragueAirportDistributionCenterMember" xlink:label="pld_PragueAirportDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PragueAirportDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1610634_3_1">Prague airport distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PragueAirportDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1610634_1_1">Prague Airport Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PragueAirportDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1610634_2_1">Prague Airport Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PragueAirportDistributionCenterMember" xlink:to="pld_PragueAirportDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PragueJirnyDistCtrMember" xlink:label="pld_PragueJirnyDistCtrMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PragueJirnyDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1515213_3_1">Prague Jirny Dist Ctr.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PragueJirnyDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1515213_1_1">Prague Jirny Dist Ctr [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PragueJirnyDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1515213_2_1">Prague-Jirny Dist. Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PragueJirnyDistCtrMember" xlink:to="pld_PragueJirnyDistCtrMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PreferredCapitalMember" xlink:label="pld_PreferredCapitalMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PreferredCapitalMember_lbl" xml:lang="en-US" id="id_5214848_1370293_3_1">Preferred capital.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PreferredCapitalMember_lbl" xml:lang="en-US" id="id_5214848_1370293_1_1">Preferred Capital [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PreferredCapitalMember_lbl" xml:lang="en-US" id="id_5214848_1370293_2_1">Preferred [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PreferredCapitalMember" xlink:to="pld_PreferredCapitalMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockDividendRatePercentage" xlink:label="us-gaap_PreferredStockDividendRatePercentage"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PreferredStockDividendRatePercentage_lbl" xml:lang="en-US" id="id_5214848_1279343_1_1">Preferred Stock, Dividend Rate, Percentage</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PreferredStockDividendRatePercentage_lbl" xml:lang="en-US" id="id_5214848_1279343_2_1">Preferred stock dividend rate percentage</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockDividendRatePercentage" xlink:to="us-gaap_PreferredStockDividendRatePercentage_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockLiquidationPreference" xlink:label="us-gaap_PreferredStockLiquidationPreference"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PreferredStockLiquidationPreference_lbl" xml:lang="en-US" id="id_5214848_1272804_1_1">Preferred Stock, Liquidation Preference Per Share</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PreferredStockLiquidationPreference_lbl" xml:lang="en-US" id="id_5214848_1272804_2_1">Liquidation Preference Per share</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_PreferredStockLiquidationPreference_lbl" xml:lang="en-US" id="id_5214848_1272804_12_1">Preferred stock, liquidation preference per share</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockLiquidationPreference" xlink:to="us-gaap_PreferredStockLiquidationPreference_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockMember" xlink:label="us-gaap_PreferredStockMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PreferredStockMember_lbl" xml:lang="en-US" id="id_5214848_1272805_1_1">Preferred Stock [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PreferredStockMember_lbl" xml:lang="en-US" id="id_5214848_1272805_2_1">Preferred Stock [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockMember" xlink:to="us-gaap_PreferredStockMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockParOrStatedValuePerShare" xlink:label="us-gaap_PreferredStockParOrStatedValuePerShare"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PreferredStockParOrStatedValuePerShare_lbl" xml:lang="en-US" id="id_5214848_1280976_1_1">Preferred Stock, Par or Stated Value Per Share</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PreferredStockParOrStatedValuePerShare_lbl" xml:lang="en-US" id="id_5214848_1280976_2_1">Preferred Stock Par Value</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_PreferredStockParOrStatedValuePerShare_lbl" xml:lang="en-US" id="id_5214848_1280976_12_1">Preferred stock, par value</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockParOrStatedValuePerShare" xlink:to="us-gaap_PreferredStockParOrStatedValuePerShare_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockRedemptionAmount" xlink:label="us-gaap_PreferredStockRedemptionAmount"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PreferredStockRedemptionAmount_lbl" xml:lang="en-US" id="id_5214848_1281667_1_1">Preferred Stock, Redemption Amount</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_PreferredStockRedemptionAmount_lbl" xml:lang="en-US" id="id_5214848_1281667_14_1">Redemption of preferred stock</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockRedemptionAmount" xlink:to="us-gaap_PreferredStockRedemptionAmount_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockRedemptionPremium" xlink:label="us-gaap_PreferredStockRedemptionPremium"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PreferredStockRedemptionPremium_lbl" xml:lang="en-US" id="id_5214848_1288662_1_1">Preferred Stock Redemption Premium</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PreferredStockRedemptionPremium_lbl" xml:lang="en-US" id="id_5214848_1288662_2_1">Loss on preferred stock redemption / repurchase</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_PreferredStockRedemptionPremium_lbl" xml:lang="en-US" id="id_5214848_1288662_12_1">Redemption Premium of Preferred Stock</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockRedemptionPremium" xlink:to="us-gaap_PreferredStockRedemptionPremium_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PreferredStockRedemptionShares" xlink:label="pld_PreferredStockRedemptionShares"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PreferredStockRedemptionShares_lbl" xml:lang="en-US" id="id_5214848_1480460_3_1">The number of preferred stock shares redeemed.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PreferredStockRedemptionShares_lbl" xml:lang="en-US" id="id_5214848_1480460_1_1">Preferred Stock Redemption Shares</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PreferredStockRedemptionShares_lbl" xml:lang="en-US" id="id_5214848_1480460_2_1">Repurchase of preferred stock, shares</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PreferredStockRedemptionShares" xlink:to="pld_PreferredStockRedemptionShares_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockSharesAuthorized" xlink:label="us-gaap_PreferredStockSharesAuthorized"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PreferredStockSharesAuthorized_lbl" xml:lang="en-US" id="id_5214848_1279344_1_1">Preferred Stock, Shares Authorized</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PreferredStockSharesAuthorized_lbl" xml:lang="en-US" id="id_5214848_1279344_2_1">Preferred stock, shares authorized</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockSharesAuthorized" xlink:to="us-gaap_PreferredStockSharesAuthorized_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockSharesIssued" xlink:label="us-gaap_PreferredStockSharesIssued"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PreferredStockSharesIssued_lbl" xml:lang="en-US" id="id_5214848_1280980_1_1">Preferred Stock, Shares Issued</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PreferredStockSharesIssued_lbl" xml:lang="en-US" id="id_5214848_1280980_2_1">Preferred stock, shares issued</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockSharesIssued" xlink:to="us-gaap_PreferredStockSharesIssued_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockSharesOutstanding" xlink:label="us-gaap_PreferredStockSharesOutstanding"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PreferredStockSharesOutstanding_lbl" xml:lang="en-US" id="id_5214848_1276106_1_1">Preferred Stock, Shares Outstanding</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PreferredStockSharesOutstanding_lbl" xml:lang="en-US" id="id_5214848_1276106_2_1">Preferred stock, shares outstanding</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockSharesOutstanding" xlink:to="us-gaap_PreferredStockSharesOutstanding_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockValue" xlink:label="us-gaap_PreferredStockValue"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PreferredStockValue_lbl" xml:lang="en-US" id="id_5214848_1282154_1_1">Preferred Stock, Value, Issued</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PreferredStockValue_lbl" xml:lang="en-US" id="id_5214848_1282154_2_1">Series Q preferred stock at stated liquidation preference of $50 per share; $0.01 par value; 100,000 shares authorized; 1,565 shares and 2,000 shares issued and outstanding at December 31, 2014 and December 31, 2013, respectively</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockValue" xlink:to="us-gaap_PreferredStockValue_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PrepaidAssets" xlink:label="pld_PrepaidAssets"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PrepaidAssets_lbl" xml:lang="en-US" id="id_5214848_1535970_3_1">Prepaid Assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PrepaidAssets_lbl" xml:lang="en-US" id="id_5214848_1535970_1_1">Prepaid Assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PrepaidAssets_lbl" xml:lang="en-US" id="id_5214848_1535970_2_1">Prepaid assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PrepaidAssets" xlink:to="pld_PrepaidAssets_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PrepaidExpenseAndOtherAssets" xlink:label="us-gaap_PrepaidExpenseAndOtherAssets"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PrepaidExpenseAndOtherAssets_lbl" xml:lang="en-US" id="id_5214848_1286122_1_1">Prepaid Expense and Other Assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PrepaidExpenseAndOtherAssets_lbl" xml:lang="en-US" id="id_5214848_1286122_2_1">Other assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_PrepaidExpenseAndOtherAssets_lbl" xml:lang="en-US" id="id_5214848_1286122_6_1">Totals</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PrepaidExpenseAndOtherAssets" xlink:to="us-gaap_PrepaidExpenseAndOtherAssets_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PresidentsDriveMember" xlink:label="pld_PresidentsDriveMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PresidentsDriveMember_lbl" xml:lang="en-US" id="id_5214848_1303376_3_1">Presidents Drive [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PresidentsDriveMember_lbl" xml:lang="en-US" id="id_5214848_1303376_1_1">Presidents Drive [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PresidentsDriveMember_lbl" xml:lang="en-US" id="id_5214848_1303376_2_1">Presidents Drive [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PresidentsDriveMember" xlink:to="pld_PresidentsDriveMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PreslesDistCtrMember" xlink:label="pld_PreslesDistCtrMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PreslesDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1610296_3_1">Presles Dist Ctr [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PreslesDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1610296_1_1">Presles Dist Ctr [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PreslesDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1610296_2_1">Presles Dist Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PreslesDistCtrMember" xlink:to="pld_PreslesDistCtrMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PrestonCourtMember" xlink:label="pld_PrestonCourtMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PrestonCourtMember_lbl" xml:lang="en-US" id="id_5214848_1478832_3_1">Preston Court [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PrestonCourtMember_lbl" xml:lang="en-US" id="id_5214848_1478832_1_1">Preston Court [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PrestonCourtMember_lbl" xml:lang="en-US" id="id_5214848_1478832_2_1">Preston Court [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PrestonCourtMember" xlink:to="pld_PrestonCourtMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PrincipalBorrowingsWithinDebtDenominatedInForeignCurrency" xlink:label="pld_PrincipalBorrowingsWithinDebtDenominatedInForeignCurrency"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PrincipalBorrowingsWithinDebtDenominatedInForeignCurrency_lbl" xml:lang="en-US" id="id_5214848_1350387_3_1">Principal borrowings within the outstanding debt balance that are denominated in a foreign currency.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PrincipalBorrowingsWithinDebtDenominatedInForeignCurrency_lbl" xml:lang="en-US" id="id_5214848_1350387_1_1">Principal Borrowings Within Debt Denominated In Foreign Currency</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PrincipalBorrowingsWithinDebtDenominatedInForeignCurrency_lbl" xml:lang="en-US" id="id_5214848_1350387_2_1">Foreign principal borrowing included in total debt denominated in non-U.S. dollars</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PrincipalBorrowingsWithinDebtDenominatedInForeignCurrency" xlink:to="pld_PrincipalBorrowingsWithinDebtDenominatedInForeignCurrency_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromCollectionOfNotesReceivable" xlink:label="us-gaap_ProceedsFromCollectionOfNotesReceivable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProceedsFromCollectionOfNotesReceivable_lbl" xml:lang="en-US" id="id_5214848_1286646_1_1">Proceeds from Collection of Notes Receivable</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ProceedsFromCollectionOfNotesReceivable_lbl" xml:lang="en-US" id="id_5214848_1286646_2_1">Proceeds from repayment of notes receivable backed by real estate</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromCollectionOfNotesReceivable" xlink:to="us-gaap_ProceedsFromCollectionOfNotesReceivable_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromContributionsFromAffiliates" xlink:label="us-gaap_ProceedsFromContributionsFromAffiliates"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProceedsFromContributionsFromAffiliates_lbl" xml:lang="en-US" id="id_5214848_1289194_1_1">Proceeds from Contributions from Affiliates</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ProceedsFromContributionsFromAffiliates_lbl" xml:lang="en-US" id="id_5214848_1289194_2_1">Proceeds from contribution of properties to entities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromContributionsFromAffiliates" xlink:to="us-gaap_ProceedsFromContributionsFromAffiliates_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital" xlink:label="us-gaap_ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital_lbl" xml:lang="en-US" id="id_5214848_1285611_1_1">Proceeds from Equity Method Investment, Dividends or Distributions, Return of Capital</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital_lbl" xml:lang="en-US" id="id_5214848_1285611_2_1">Return of investment from unconsolidated entities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital" xlink:to="us-gaap_ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromIncomeTaxRefunds" xlink:label="us-gaap_ProceedsFromIncomeTaxRefunds"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProceedsFromIncomeTaxRefunds_lbl" xml:lang="en-US" id="id_5214848_1286637_1_1">Proceeds from Income Tax Refunds</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ProceedsFromIncomeTaxRefunds_lbl" xml:lang="en-US" id="id_5214848_1286637_2_1">Cash paid for income taxes, net of refunds</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromIncomeTaxRefunds" xlink:to="us-gaap_ProceedsFromIncomeTaxRefunds_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromIssuanceOfCommonStock" xlink:label="us-gaap_ProceedsFromIssuanceOfCommonStock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProceedsFromIssuanceOfCommonStock_lbl" xml:lang="en-US" id="id_5214848_1287188_1_1">Proceeds from Issuance of Common Stock</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ProceedsFromIssuanceOfCommonStock_lbl" xml:lang="en-US" id="id_5214848_1287188_2_1">Common stock, shares outstanding</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromIssuanceOfCommonStock" xlink:to="us-gaap_ProceedsFromIssuanceOfCommonStock_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromIssuanceOfLongTermDebt" xlink:label="us-gaap_ProceedsFromIssuanceOfLongTermDebt"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProceedsFromIssuanceOfLongTermDebt_lbl" xml:lang="en-US" id="id_5214848_1289189_1_1">Proceeds from Issuance of Long-term Debt</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ProceedsFromIssuanceOfLongTermDebt_lbl" xml:lang="en-US" id="id_5214848_1289189_2_1">Proceeds from the issuance of debt</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromIssuanceOfLongTermDebt" xlink:to="us-gaap_ProceedsFromIssuanceOfLongTermDebt_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromIssuanceOrSaleOfEquity" xlink:label="us-gaap_ProceedsFromIssuanceOrSaleOfEquity"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProceedsFromIssuanceOrSaleOfEquity_lbl" xml:lang="en-US" id="id_5214848_1287667_1_1">Proceeds from Issuance or Sale of Equity</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ProceedsFromIssuanceOrSaleOfEquity_lbl" xml:lang="en-US" id="id_5214848_1287667_2_1">Proceeds from issuance of common stock</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromIssuanceOrSaleOfEquity" xlink:to="us-gaap_ProceedsFromIssuanceOrSaleOfEquity_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromPaymentsToMinorityShareholders" xlink:label="us-gaap_ProceedsFromPaymentsToMinorityShareholders"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProceedsFromPaymentsToMinorityShareholders_lbl" xml:lang="en-US" id="id_5214848_1286627_1_1">Proceeds from (Payments to) Noncontrolling Interests</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_ProceedsFromPaymentsToMinorityShareholders_lbl" xml:lang="en-US" id="id_5214848_1286627_14_1">Noncontrolling interest contributions</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromPaymentsToMinorityShareholders" xlink:to="us-gaap_ProceedsFromPaymentsToMinorityShareholders_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ProceedsFromPaymentsToMinorityShareholdersExcludingLimitedPartnerDistributions" xlink:label="pld_ProceedsFromPaymentsToMinorityShareholdersExcludingLimitedPartnerDistributions"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ProceedsFromPaymentsToMinorityShareholdersExcludingLimitedPartnerDistributions_lbl" xml:lang="en-US" id="id_5214848_1297991_3_1">Proceeds from payments to minority shareholders excluding limited partner distributions</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ProceedsFromPaymentsToMinorityShareholdersExcludingLimitedPartnerDistributions_lbl" xml:lang="en-US" id="id_5214848_1297991_1_1">Proceeds From Payments To Minority Shareholders Excluding Limited Partner Distributions</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ProceedsFromPaymentsToMinorityShareholdersExcludingLimitedPartnerDistributions_lbl" xml:lang="en-US" id="id_5214848_1297991_2_1">Noncontrolling interest distributions</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ProceedsFromPaymentsToMinorityShareholdersExcludingLimitedPartnerDistributions" xlink:to="pld_ProceedsFromPaymentsToMinorityShareholdersExcludingLimitedPartnerDistributions_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromRepaymentsOfDebt" xlink:label="us-gaap_ProceedsFromRepaymentsOfDebt"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProceedsFromRepaymentsOfDebt_lbl" xml:lang="en-US" id="id_5214848_1289203_1_1">Proceeds from (Repayments of) Debt</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ProceedsFromRepaymentsOfDebt_lbl" xml:lang="en-US" id="id_5214848_1289203_2_1">Repurchase and payment of debt</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromRepaymentsOfDebt" xlink:to="us-gaap_ProceedsFromRepaymentsOfDebt_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromRepaymentsOfLinesOfCredit" xlink:label="us-gaap_ProceedsFromRepaymentsOfLinesOfCredit"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProceedsFromRepaymentsOfLinesOfCredit_lbl" xml:lang="en-US" id="id_5214848_1288694_1_1">Proceeds from (Repayments of) Lines of Credit</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ProceedsFromRepaymentsOfLinesOfCredit_lbl" xml:lang="en-US" id="id_5214848_1288694_2_1">Net proceeds from (payments on) credit facilities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromRepaymentsOfLinesOfCredit" xlink:to="us-gaap_ProceedsFromRepaymentsOfLinesOfCredit_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromSaleOfOtherRealEstate" xlink:label="us-gaap_ProceedsFromSaleOfOtherRealEstate"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProceedsFromSaleOfOtherRealEstate_lbl" xml:lang="en-US" id="id_5214848_1286659_1_1">Proceeds from Sale of Other Real Estate</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ProceedsFromSaleOfOtherRealEstate_lbl" xml:lang="en-US" id="id_5214848_1286659_2_1">Proceeds from dispositions and contributions of real estate properties</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromSaleOfOtherRealEstate" xlink:to="us-gaap_ProceedsFromSaleOfOtherRealEstate_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromSaleOfPropertyHeldForSale" xlink:label="us-gaap_ProceedsFromSaleOfPropertyHeldForSale"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProceedsFromSaleOfPropertyHeldForSale_lbl" xml:lang="en-US" id="id_5214848_1286660_1_1">Proceeds from Sale of Property Held-for-sale</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ProceedsFromSaleOfPropertyHeldForSale_lbl" xml:lang="en-US" id="id_5214848_1286660_2_1">Proceeds for contributed properties</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromSaleOfPropertyHeldForSale" xlink:to="us-gaap_ProceedsFromSaleOfPropertyHeldForSale_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment" xlink:label="us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment_lbl" xml:lang="en-US" id="id_5214848_1288706_1_1">Proceeds from Sale of Real Estate Held-for-investment</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment_lbl" xml:lang="en-US" id="id_5214848_1288706_2_1">Net proceeds</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment" xlink:to="us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromStockPlans" xlink:label="us-gaap_ProceedsFromStockPlans"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProceedsFromStockPlans_lbl" xml:lang="en-US" id="id_5214848_1288204_1_1">Proceeds from Stock Plans</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ProceedsFromStockPlans_lbl" xml:lang="en-US" id="id_5214848_1288204_2_1">Gross proceeds received for the issuance of common stock</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromStockPlans" xlink:to="us-gaap_ProceedsFromStockPlans_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromWarrantExercises" xlink:label="us-gaap_ProceedsFromWarrantExercises"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProceedsFromWarrantExercises_lbl" xml:lang="en-US" id="id_5214848_1288708_1_1">Proceeds from Warrant Exercises</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ProceedsFromWarrantExercises_lbl" xml:lang="en-US" id="id_5214848_1288708_2_1">Proceeds from exercise of warrant</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromWarrantExercises" xlink:to="us-gaap_ProceedsFromWarrantExercises_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProfitLoss" xlink:label="us-gaap_ProfitLoss"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProfitLoss_lbl" xml:lang="en-US" id="id_5214848_1282613_1_1">Net Income (Loss), Including Portion Attributable to Noncontrolling Interest</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ProfitLoss_lbl" xml:lang="en-US" id="id_5214848_1282613_2_1">Consolidated net earnings (loss)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_ProfitLoss_lbl" xml:lang="en-US" id="id_5214848_1282613_6_1">Consolidated net earnings (loss)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProfitLoss" xlink:to="us-gaap_ProfitLoss_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PrologisAmsMember" xlink:label="pld_PrologisAmsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PrologisAmsMember_lbl" xml:lang="en-US" id="id_5214848_1333096_3_1">Prologis AMS.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PrologisAmsMember_lbl" xml:lang="en-US" id="id_5214848_1333096_1_1">Prologis Ams [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PrologisAmsMember_lbl" xml:lang="en-US" id="id_5214848_1333096_2_1">Prologis AMS [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PrologisAmsMember" xlink:to="pld_PrologisAmsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PrologisBrazilLogisticsPartnersFundOneMember" xlink:label="pld_PrologisBrazilLogisticsPartnersFundOneMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PrologisBrazilLogisticsPartnersFundOneMember_lbl" xml:lang="en-US" id="id_5214848_1447849_3_1">Prologis Brazil logistics partners fund one.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PrologisBrazilLogisticsPartnersFundOneMember_lbl" xml:lang="en-US" id="id_5214848_1447849_1_1">Prologis Brazil Logistics Partners Fund One [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PrologisBrazilLogisticsPartnersFundOneMember_lbl" xml:lang="en-US" id="id_5214848_1447849_2_1">Prologis Brazil Logistics Partners Fund and Related Joint Ventures [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PrologisBrazilLogisticsPartnersFundOneMember" xlink:to="pld_PrologisBrazilLogisticsPartnersFundOneMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PrologisChinaLogisticsVentureMember" xlink:label="pld_PrologisChinaLogisticsVentureMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PrologisChinaLogisticsVentureMember_lbl" xml:lang="en-US" id="id_5214848_1598256_3_1">Prologis China Logistics Venture [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PrologisChinaLogisticsVentureMember_lbl" xml:lang="en-US" id="id_5214848_1598256_1_1">Prologis China Logistics Venture [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PrologisChinaLogisticsVentureMember_lbl" xml:lang="en-US" id="id_5214848_1598256_2_1">Prologis China Logistics Venture [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PrologisChinaLogisticsVentureMember" xlink:to="pld_PrologisChinaLogisticsVentureMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PrologisChinaLogisticsVentureOneAndTwoMember" xlink:label="pld_PrologisChinaLogisticsVentureOneAndTwoMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PrologisChinaLogisticsVentureOneAndTwoMember_lbl" xml:lang="en-US" id="id_5214848_1393555_3_1">Prologis China Logistics Venture 1 and 2</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PrologisChinaLogisticsVentureOneAndTwoMember_lbl" xml:lang="en-US" id="id_5214848_1393555_1_1">Prologis China Logistics Venture One And Two [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PrologisChinaLogisticsVentureOneAndTwoMember_lbl" xml:lang="en-US" id="id_5214848_1393555_2_1">Prologis China Logistics Venture 1 and 2 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PrologisChinaLogisticsVentureOneAndTwoMember" xlink:to="pld_PrologisChinaLogisticsVentureOneAndTwoMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PrologisEuropeanLogisticsPartnersMember" xlink:label="pld_PrologisEuropeanLogisticsPartnersMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PrologisEuropeanLogisticsPartnersMember_lbl" xml:lang="en-US" id="id_5214848_1345900_3_1">Prologis European Logistics Partners [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PrologisEuropeanLogisticsPartnersMember_lbl" xml:lang="en-US" id="id_5214848_1345900_1_1">Prologis European Logistics Partners [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PrologisEuropeanLogisticsPartnersMember_lbl" xml:lang="en-US" id="id_5214848_1345900_2_1">Prologis European Logistics Partners [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PrologisEuropeanLogisticsPartnersMember" xlink:to="pld_PrologisEuropeanLogisticsPartnersMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PrologisEuropeanPropertiesFundTwoMember" xlink:label="pld_PrologisEuropeanPropertiesFundTwoMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PrologisEuropeanPropertiesFundTwoMember_lbl" xml:lang="en-US" id="id_5214848_1376757_3_1">Prologis European properties fund two.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PrologisEuropeanPropertiesFundTwoMember_lbl" xml:lang="en-US" id="id_5214848_1376757_1_1">Prologis European Properties Fund Two [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PrologisEuropeanPropertiesFundTwoMember_lbl" xml:lang="en-US" id="id_5214848_1376757_2_1">Prologis European Properties Fund II [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PrologisEuropeanPropertiesFundTwoMember" xlink:to="pld_PrologisEuropeanPropertiesFundTwoMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PrologisEuropeLogisticsFundFcpFisMember" xlink:label="pld_PrologisEuropeLogisticsFundFcpFisMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PrologisEuropeLogisticsFundFcpFisMember_lbl" xml:lang="en-US" id="id_5214848_1610233_3_1">Prologis Europe Logistics Fund Fcp Fis [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PrologisEuropeLogisticsFundFcpFisMember_lbl" xml:lang="en-US" id="id_5214848_1610233_1_1">Prologis Europe Logistics Fund Fcp Fis [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PrologisEuropeLogisticsFundFcpFisMember_lbl" xml:lang="en-US" id="id_5214848_1610233_2_1">Prologis Europe Logistics Fund FCP-FIS [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PrologisEuropeLogisticsFundFcpFisMember" xlink:to="pld_PrologisEuropeLogisticsFundFcpFisMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PrologisEuropeLogisticsFundMember" xlink:label="pld_PrologisEuropeLogisticsFundMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PrologisEuropeLogisticsFundMember_lbl" xml:lang="en-US" id="id_5214848_1296587_3_1">Prologis Europe logistics fund.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PrologisEuropeLogisticsFundMember_lbl" xml:lang="en-US" id="id_5214848_1296587_1_1">Prologis Europe Logistics Fund [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PrologisEuropeLogisticsFundMember_lbl" xml:lang="en-US" id="id_5214848_1296587_2_1">Prologis Targeted Europe Logistics Fund [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PrologisEuropeLogisticsFundMember" xlink:to="pld_PrologisEuropeLogisticsFundMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PrologisIncMember" xlink:label="pld_PrologisIncMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PrologisIncMember_lbl" xml:lang="en-US" id="id_5214848_1605938_3_1">Prologis Inc [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PrologisIncMember_lbl" xml:lang="en-US" id="id_5214848_1605938_1_1">Prologis Inc [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PrologisIncMember_lbl" xml:lang="en-US" id="id_5214848_1605938_2_1">Prologis Inc [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PrologisIncMember" xlink:to="pld_PrologisIncMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PrologisInstitutionalAllianceFundTwoMember" xlink:label="pld_PrologisInstitutionalAllianceFundTwoMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PrologisInstitutionalAllianceFundTwoMember_lbl" xml:lang="en-US" id="id_5214848_1498046_3_1">Prologis Institutional Alliance Fund Two.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PrologisInstitutionalAllianceFundTwoMember_lbl" xml:lang="en-US" id="id_5214848_1498046_1_1">Prologis Institutional Alliance Fund Two [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PrologisInstitutionalAllianceFundTwoMember_lbl" xml:lang="en-US" id="id_5214848_1498046_2_1">Prologis Institutional Alliance Fund II [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PrologisInstitutionalAllianceFundTwoMember" xlink:to="pld_PrologisInstitutionalAllianceFundTwoMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PrologisMember" xlink:label="pld_PrologisMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PrologisMember_lbl" xml:lang="en-US" id="id_5214848_1331765_3_1">Prologis.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PrologisMember_lbl" xml:lang="en-US" id="id_5214848_1331765_1_1">Prologis [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PrologisMember_lbl" xml:lang="en-US" id="id_5214848_1331765_2_1">Prologis [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PrologisMember" xlink:to="pld_PrologisMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PrologisMexicoIndustrialFundMember" xlink:label="pld_PrologisMexicoIndustrialFundMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PrologisMexicoIndustrialFundMember_lbl" xml:lang="en-US" id="id_5214848_1290688_3_1">Prologis Mexico industrial fund.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PrologisMexicoIndustrialFundMember_lbl" xml:lang="en-US" id="id_5214848_1290688_1_1">Prologis Mexico Industrial Fund [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PrologisMexicoIndustrialFundMember_lbl" xml:lang="en-US" id="id_5214848_1290688_2_1">Prologis Mexico Industrial Fund [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PrologisMexicoIndustrialFundMember" xlink:to="pld_PrologisMexicoIndustrialFundMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PrologisNorthAmericanIndustrialFundMember" xlink:label="pld_PrologisNorthAmericanIndustrialFundMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PrologisNorthAmericanIndustrialFundMember_lbl" xml:lang="en-US" id="id_5214848_1390501_3_1">Prologis North American industrial fund.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PrologisNorthAmericanIndustrialFundMember_lbl" xml:lang="en-US" id="id_5214848_1390501_1_1">Prologis North American Industrial Fund [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PrologisNorthAmericanIndustrialFundMember_lbl" xml:lang="en-US" id="id_5214848_1390501_2_1">Prologis North American Industrial Fund [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PrologisNorthAmericanIndustrialFundMember" xlink:to="pld_PrologisNorthAmericanIndustrialFundMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PrologisNorthAmericanIndustrialFundThreeMember" xlink:label="pld_PrologisNorthAmericanIndustrialFundThreeMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PrologisNorthAmericanIndustrialFundThreeMember_lbl" xml:lang="en-US" id="id_5214848_1390653_3_1">Prologis North American industrial fund.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PrologisNorthAmericanIndustrialFundThreeMember_lbl" xml:lang="en-US" id="id_5214848_1390653_1_1">Prologis North American Industrial Fund Three [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PrologisNorthAmericanIndustrialFundThreeMember_lbl" xml:lang="en-US" id="id_5214848_1390653_2_1">Prologis North American Industrial Fund III [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PrologisNorthAmericanIndustrialFundThreeMember" xlink:to="pld_PrologisNorthAmericanIndustrialFundThreeMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PrologisNorthAmericanIndustrialFundTwoMember" xlink:label="pld_PrologisNorthAmericanIndustrialFundTwoMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PrologisNorthAmericanIndustrialFundTwoMember_lbl" xml:lang="en-US" id="id_5214848_1544453_3_1">Prologis North American Industrial fund two.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PrologisNorthAmericanIndustrialFundTwoMember_lbl" xml:lang="en-US" id="id_5214848_1544453_1_1">Prologis North American Industrial Fund Two [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PrologisNorthAmericanIndustrialFundTwoMember_lbl" xml:lang="en-US" id="id_5214848_1544453_2_1">NAIF II [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PrologisNorthAmericanIndustrialFundTwoMember" xlink:to="pld_PrologisNorthAmericanIndustrialFundTwoMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PrologisParcTomiyaIiiMember" xlink:label="pld_PrologisParcTomiyaIiiMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PrologisParcTomiyaIiiMember_lbl" xml:lang="en-US" id="id_5214848_1455124_3_1">ProLogis Parc Tomiya III [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PrologisParcTomiyaIiiMember_lbl" xml:lang="en-US" id="id_5214848_1455124_1_1">ProLogis Parc Tomiya III [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PrologisParcTomiyaIiiMember_lbl" xml:lang="en-US" id="id_5214848_1455124_2_1">ProLogis Parc Tomiya III [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PrologisParcTomiyaIiiMember" xlink:to="pld_PrologisParcTomiyaIiiMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PrologisParkAichiDistributionCenterMember" xlink:label="pld_PrologisParkAichiDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PrologisParkAichiDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1428809_3_1">Prologis Park Aichi distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PrologisParkAichiDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1428809_1_1">Prologis Park Aichi Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PrologisParkAichiDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1428809_2_1">ProLogis Park Aichi Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PrologisParkAichiDistributionCenterMember" xlink:to="pld_PrologisParkAichiDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ProLogisParkDullesMember" xlink:label="pld_ProLogisParkDullesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ProLogisParkDullesMember_lbl" xml:lang="en-US" id="id_5214848_1325252_3_1">Pro Logis Park Dulles [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ProLogisParkDullesMember_lbl" xml:lang="en-US" id="id_5214848_1325252_1_1">Pro Logis Park Dulles [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ProLogisParkDullesMember_lbl" xml:lang="en-US" id="id_5214848_1325252_2_1">ProLogis Park - Dulles [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ProLogisParkDullesMember" xlink:to="pld_ProLogisParkDullesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PrologisParkIFiveNineFiveMember" xlink:label="pld_PrologisParkIFiveNineFiveMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PrologisParkIFiveNineFiveMember_lbl" xml:lang="en-US" id="id_5214848_1549878_3_1">Prologis park one - five nine five.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PrologisParkIFiveNineFiveMember_lbl" xml:lang="en-US" id="id_5214848_1549878_1_1">Prologis Park I Five Nine Five [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PrologisParkIFiveNineFiveMember_lbl" xml:lang="en-US" id="id_5214848_1549878_2_1">ProLogis Park I-595 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PrologisParkIFiveNineFiveMember" xlink:to="pld_PrologisParkIFiveNineFiveMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PrologisParkNaritaThirdMember" xlink:label="pld_PrologisParkNaritaThirdMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PrologisParkNaritaThirdMember_lbl" xml:lang="en-US" id="id_5214848_1398083_3_1">Prologis Park Narita third.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PrologisParkNaritaThirdMember_lbl" xml:lang="en-US" id="id_5214848_1398083_1_1">Prologis Park Narita Third [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PrologisParkNaritaThirdMember_lbl" xml:lang="en-US" id="id_5214848_1398083_2_1">ProLogis Park Narita III [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PrologisParkNaritaThirdMember" xlink:to="pld_PrologisParkNaritaThirdMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PrologisParkOntarioMember" xlink:label="pld_PrologisParkOntarioMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PrologisParkOntarioMember_lbl" xml:lang="en-US" id="id_5214848_1337689_3_1">Prologis Park Ontario.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PrologisParkOntarioMember_lbl" xml:lang="en-US" id="id_5214848_1337689_1_1">Prologis Park Ontario [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PrologisParkOntarioMember_lbl" xml:lang="en-US" id="id_5214848_1337689_2_1">ProLogis Park Ontario [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PrologisParkOntarioMember" xlink:to="pld_PrologisParkOntarioMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PrologisParkSeatacMember" xlink:label="pld_PrologisParkSeatacMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PrologisParkSeatacMember_lbl" xml:lang="en-US" id="id_5214848_1546224_3_1">Prologis park seatac.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PrologisParkSeatacMember_lbl" xml:lang="en-US" id="id_5214848_1546224_1_1">Prologis Park Seatac [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PrologisParkSeatacMember_lbl" xml:lang="en-US" id="id_5214848_1546224_2_1">Prologis Park SeaTac [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PrologisParkSeatacMember" xlink:to="pld_PrologisParkSeatacMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ProLogisParkSendaiMember" xlink:label="pld_ProLogisParkSendaiMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ProLogisParkSendaiMember_lbl" xml:lang="en-US" id="id_5214848_1610305_3_1">Pro Logis Park Sendai [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ProLogisParkSendaiMember_lbl" xml:lang="en-US" id="id_5214848_1610305_1_1">Pro Logis Park Sendai [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ProLogisParkSendaiMember_lbl" xml:lang="en-US" id="id_5214848_1610305_2_1">Pro Logis Park Sendai [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ProLogisParkSendaiMember" xlink:to="pld_ProLogisParkSendaiMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PrologisPromotePlanMember" xlink:label="pld_PrologisPromotePlanMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PrologisPromotePlanMember_lbl" xml:lang="en-US" id="id_5214848_1536670_3_1">Prologis Promote Plan [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PrologisPromotePlanMember_lbl" xml:lang="en-US" id="id_5214848_1536670_1_1">Prologis Promote Plan [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PrologisPromotePlanMember_lbl" xml:lang="en-US" id="id_5214848_1536670_2_1">Prologis Promote Plan [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PrologisPromotePlanMember" xlink:to="pld_PrologisPromotePlanMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PrologisSgpMexicoMember" xlink:label="pld_PrologisSgpMexicoMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PrologisSgpMexicoMember_lbl" xml:lang="en-US" id="id_5214848_1445265_3_1">Prologis SGP Mexico fund.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PrologisSgpMexicoMember_lbl" xml:lang="en-US" id="id_5214848_1445265_1_1">Prologis Sgp Mexico [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PrologisSgpMexicoMember_lbl" xml:lang="en-US" id="id_5214848_1445265_2_1">Prologis SGP Mexico [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PrologisSgpMexicoMember" xlink:to="pld_PrologisSgpMexicoMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PrologisTargetedUsLogisticsFundMember" xlink:label="pld_PrologisTargetedUsLogisticsFundMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PrologisTargetedUsLogisticsFundMember_lbl" xml:lang="en-US" id="id_5214848_1378175_3_1">Prologis targeted U.S. logistics fund.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PrologisTargetedUsLogisticsFundMember_lbl" xml:lang="en-US" id="id_5214848_1378175_1_1">Prologis Targeted Us Logistics Fund [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PrologisTargetedUsLogisticsFundMember_lbl" xml:lang="en-US" id="id_5214848_1378175_2_1">Prologis Targeted U.S. Logistics Fund [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PrologisTargetedUsLogisticsFundMember" xlink:to="pld_PrologisTargetedUsLogisticsFundMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PrologisUsLogisticsVentureMember" xlink:label="pld_PrologisUsLogisticsVentureMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PrologisUsLogisticsVentureMember_lbl" xml:lang="en-US" id="id_5214848_1403987_3_1">Prologis Us Logistics Venture [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PrologisUsLogisticsVentureMember_lbl" xml:lang="en-US" id="id_5214848_1403987_1_1">Prologis Us Logistics Venture [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PrologisUsLogisticsVentureMember_lbl" xml:lang="en-US" id="id_5214848_1403987_2_1">Prologis US Logistics Venture [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PrologisUsLogisticsVentureMember" xlink:to="pld_PrologisUsLogisticsVentureMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PropertiesCollateralForAssessmentBonds" xlink:label="pld_PropertiesCollateralForAssessmentBonds"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PropertiesCollateralForAssessmentBonds_lbl" xml:lang="en-US" id="id_5214848_1367955_3_1">Properties collateral for assessment bonds.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PropertiesCollateralForAssessmentBonds_lbl" xml:lang="en-US" id="id_5214848_1367955_1_1">Properties Collateral For Assessment Bonds</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PropertiesCollateralForAssessmentBonds_lbl" xml:lang="en-US" id="id_5214848_1367955_2_1">Assessment bonds, aggregate undepreciated cost</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PropertiesCollateralForAssessmentBonds" xlink:to="pld_PropertiesCollateralForAssessmentBonds_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PropertiesCollateralForNotes" xlink:label="pld_PropertiesCollateralForNotes"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PropertiesCollateralForNotes_lbl" xml:lang="en-US" id="id_5214848_1420096_3_1">Properties collateral for notes.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PropertiesCollateralForNotes_lbl" xml:lang="en-US" id="id_5214848_1420096_1_1">Properties Collateral For Notes</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PropertiesCollateralForNotes_lbl" xml:lang="en-US" id="id_5214848_1420096_2_1">Mortgage notes</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PropertiesCollateralForNotes" xlink:to="pld_PropertiesCollateralForNotes_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PropertiesDevelopedMember" xlink:label="pld_PropertiesDevelopedMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PropertiesDevelopedMember_lbl" xml:lang="en-US" id="id_5214848_1423171_3_1">Properties developed.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PropertiesDevelopedMember_lbl" xml:lang="en-US" id="id_5214848_1423171_1_1">Properties Developed [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PropertiesDevelopedMember_lbl" xml:lang="en-US" id="id_5214848_1423171_2_1">Properties Developed [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PropertiesDevelopedMember" xlink:to="pld_PropertiesDevelopedMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PropertiesUnderDevelopmentMember" xlink:label="pld_PropertiesUnderDevelopmentMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PropertiesUnderDevelopmentMember_lbl" xml:lang="en-US" id="id_5214848_1365118_3_1">Properties under development.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PropertiesUnderDevelopmentMember_lbl" xml:lang="en-US" id="id_5214848_1365118_1_1">Properties Under Development [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PropertiesUnderDevelopmentMember_lbl" xml:lang="en-US" id="id_5214848_1365118_2_1">Properties Under Development [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PropertiesUnderDevelopmentMember" xlink:to="pld_PropertiesUnderDevelopmentMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PropertyFundMember" xlink:label="pld_PropertyFundMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PropertyFundMember_lbl" xml:lang="en-US" id="id_5214848_1469360_3_1">Property fund.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PropertyFundMember_lbl" xml:lang="en-US" id="id_5214848_1469360_1_1">Property Fund [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PropertyFundMember_lbl" xml:lang="en-US" id="id_5214848_1469360_2_1">Property Fund [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PropertyFundMember" xlink:to="pld_PropertyFundMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PropertyFundsMember" xlink:label="pld_PropertyFundsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PropertyFundsMember_lbl" xml:lang="en-US" id="id_5214848_1451849_3_1">Property funds.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PropertyFundsMember_lbl" xml:lang="en-US" id="id_5214848_1451849_1_1">Property Funds [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PropertyFundsMember_lbl" xml:lang="en-US" id="id_5214848_1451849_2_1">Unconsolidated Co-Investment Ventures [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PropertyFundsMember" xlink:to="pld_PropertyFundsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PropertyPlantAndEquipmentByTypeAxis" xlink:label="us-gaap_PropertyPlantAndEquipmentByTypeAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PropertyPlantAndEquipmentByTypeAxis_lbl" xml:lang="en-US" id="id_5214848_1276136_1_1">Property, Plant and Equipment, Type [Axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PropertyPlantAndEquipmentByTypeAxis_lbl" xml:lang="en-US" id="id_5214848_1276136_2_1">Property, Plant and Equipment, Type [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentByTypeAxis" xlink:to="us-gaap_PropertyPlantAndEquipmentByTypeAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PropertyPlantAndEquipmentCapitalizedInterestCostsAbstract" xlink:label="pld_PropertyPlantAndEquipmentCapitalizedInterestCostsAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PropertyPlantAndEquipmentCapitalizedInterestCostsAbstract_lbl" xml:lang="en-US" id="id_5214848_1580483_3_1">Property Plant And Equipment Capitalized Interest Costs [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PropertyPlantAndEquipmentCapitalizedInterestCostsAbstract_lbl" xml:lang="en-US" id="id_5214848_1580483_1_1">Property Plant And Equipment Capitalized Interest Costs [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PropertyPlantAndEquipmentCapitalizedInterestCostsAbstract_lbl" xml:lang="en-US" id="id_5214848_1580483_2_1">Property Plant And Equipment Capitalized Interest Costs [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PropertyPlantAndEquipmentCapitalizedInterestCostsAbstract" xlink:to="pld_PropertyPlantAndEquipmentCapitalizedInterestCostsAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PropertyPlantAndEquipmentLineItems" xlink:label="us-gaap_PropertyPlantAndEquipmentLineItems"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PropertyPlantAndEquipmentLineItems_lbl" xml:lang="en-US" id="id_5214848_1269502_1_1">Property, Plant and Equipment [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PropertyPlantAndEquipmentLineItems_lbl" xml:lang="en-US" id="id_5214848_1269502_2_1">Property, Plant and Equipment [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentLineItems" xlink:to="us-gaap_PropertyPlantAndEquipmentLineItems_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PropertyPlantAndEquipmentTypeDomain" xlink:label="us-gaap_PropertyPlantAndEquipmentTypeDomain"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PropertyPlantAndEquipmentTypeDomain_lbl" xml:lang="en-US" id="id_5214848_1274491_1_1">Property, Plant and Equipment, Type [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PropertyPlantAndEquipmentTypeDomain_lbl" xml:lang="en-US" id="id_5214848_1274491_2_1">Property, Plant and Equipment, Type [Domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentTypeDomain" xlink:to="us-gaap_PropertyPlantAndEquipmentTypeDomain_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PropertyPlantAndEquipmentUsefulLife" xlink:label="us-gaap_PropertyPlantAndEquipmentUsefulLife"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PropertyPlantAndEquipmentUsefulLife_lbl" xml:lang="en-US" id="id_5214848_1276144_1_1">Property, Plant and Equipment, Useful Life</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PropertyPlantAndEquipmentUsefulLife_lbl" xml:lang="en-US" id="id_5214848_1276144_2_1">Estimated useful lives</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentUsefulLife" xlink:to="us-gaap_PropertyPlantAndEquipmentUsefulLife_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PuenteGrandeDistributionCenterMember" xlink:label="pld_PuenteGrandeDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PuenteGrandeDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1302852_3_1">Puente Grande distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PuenteGrandeDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1302852_1_1">Puente Grande Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PuenteGrandeDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1302852_2_1">Puente Grande Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PuenteGrandeDistributionCenterMember" xlink:to="pld_PuenteGrandeDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PuertaDeMadridDistributionCenterMember" xlink:label="pld_PuertaDeMadridDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PuertaDeMadridDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1610300_3_1">Puerta de Madrid Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PuertaDeMadridDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1610300_1_1">Puerta de Madrid Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PuertaDeMadridDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1610300_2_1">Puerta de Madrid Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PuertaDeMadridDistributionCenterMember" xlink:to="pld_PuertaDeMadridDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_PugetSoundAirfreightMember" xlink:label="pld_PugetSoundAirfreightMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_PugetSoundAirfreightMember_lbl" xml:lang="en-US" id="id_5214848_1509918_3_1">Puget Sound Airfreight.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_PugetSoundAirfreightMember_lbl" xml:lang="en-US" id="id_5214848_1509918_1_1">Puget Sound Airfreight [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_PugetSoundAirfreightMember_lbl" xml:lang="en-US" id="id_5214848_1509918_2_1">Puget Sound Airfreight [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_PugetSoundAirfreightMember" xlink:to="pld_PugetSoundAirfreightMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_QuakertownDistributionCenterMember" xlink:label="pld_QuakertownDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_QuakertownDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1357939_3_1">Quakertown distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_QuakertownDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1357939_1_1">Quakertown Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_QuakertownDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1357939_2_1">Quakertown Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_QuakertownDistributionCenterMember" xlink:to="pld_QuakertownDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_QuarterlyFinancialInformationDisclosureAbstract" xlink:label="us-gaap_QuarterlyFinancialInformationDisclosureAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_QuarterlyFinancialInformationDisclosureAbstract_lbl" xml:lang="en-US" id="id_5214848_1277772_1_1">Quarterly Financial Information Disclosure [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_QuarterlyFinancialInformationDisclosureAbstract_lbl" xml:lang="en-US" id="id_5214848_1277772_2_1">Quarterly Financial Information Disclosure [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_QuarterlyFinancialInformationDisclosureAbstract" xlink:to="us-gaap_QuarterlyFinancialInformationDisclosureAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_QuarterlyFinancialInformationTextBlock" xlink:label="us-gaap_QuarterlyFinancialInformationTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_QuarterlyFinancialInformationTextBlock_lbl" xml:lang="en-US" id="id_5214848_1276165_1_1">Quarterly Financial Information [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_QuarterlyFinancialInformationTextBlock_lbl" xml:lang="en-US" id="id_5214848_1276165_2_1">Selected Quarterly Financial Data (Unaudited)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_QuarterlyFinancialInformationTextBlock" xlink:to="us-gaap_QuarterlyFinancialInformationTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_RanchoCucamongaDistributionCenterMember" xlink:label="pld_RanchoCucamongaDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_RanchoCucamongaDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1558535_3_1">Rancho Cucamonga distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_RanchoCucamongaDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1558535_1_1">Rancho Cucamonga Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_RanchoCucamongaDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1558535_2_1">Rancho Cucamonga Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_RanchoCucamongaDistributionCenterMember" xlink:to="pld_RanchoCucamongaDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_RancocasDistributionCenterMember" xlink:label="pld_RancocasDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_RancocasDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1484009_3_1">Rancocas Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_RancocasDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1484009_1_1">Rancocas Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_RancocasDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1484009_2_1">Rancocas Dist Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_RancocasDistributionCenterMember" xlink:to="pld_RancocasDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RangeAxis" xlink:label="us-gaap_RangeAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RangeAxis_lbl" xml:lang="en-US" id="id_5214848_1269523_1_1">Range [Axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_RangeAxis_lbl" xml:lang="en-US" id="id_5214848_1269523_2_1">Range [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RangeAxis" xlink:to="us-gaap_RangeAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RangeMember" xlink:label="us-gaap_RangeMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RangeMember_lbl" xml:lang="en-US" id="id_5214848_1279402_1_1">Range [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_RangeMember_lbl" xml:lang="en-US" id="id_5214848_1279402_2_1">Range [Domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RangeMember" xlink:to="us-gaap_RangeMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateAbstract" xlink:label="us-gaap_RealEstateAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RealEstateAbstract_lbl" xml:lang="en-US" id="id_5214848_1274514_1_1">Real Estate [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_RealEstateAbstract_lbl" xml:lang="en-US" id="id_5214848_1274514_2_1">Real Estate [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateAbstract" xlink:to="us-gaap_RealEstateAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateAccumulatedDepreciation" xlink:label="us-gaap_RealEstateAccumulatedDepreciation"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RealEstateAccumulatedDepreciation_lbl" xml:lang="en-US" id="id_5214848_1281650_1_1">SEC Schedule III, Real Estate Accumulated Depreciation</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_RealEstateAccumulatedDepreciation_lbl" xml:lang="en-US" id="id_5214848_1281650_4_1">Balance at end of year</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_RealEstateAccumulatedDepreciation_lbl" xml:lang="en-US" id="id_5214848_1281650_5_1">Balance at beginning of year</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_RealEstateAccumulatedDepreciation_lbl" xml:lang="en-US" id="id_5214848_1281650_2_1">Total accumulated depreciation per Schedule III</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_RealEstateAccumulatedDepreciation_lbl" xml:lang="en-US" id="id_5214848_1281650_14_1">Accumulated Depreciation</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateAccumulatedDepreciation" xlink:to="us-gaap_RealEstateAccumulatedDepreciation_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_RealEstateAccumulatedDepreciationAssetsTransferredToHeldForSale" xlink:label="pld_RealEstateAccumulatedDepreciationAssetsTransferredToHeldForSale"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_RealEstateAccumulatedDepreciationAssetsTransferredToHeldForSale_lbl" xml:lang="en-US" id="id_5214848_1444064_3_1">Real estate accumulated depreciation assets transferred to held for sale.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_RealEstateAccumulatedDepreciationAssetsTransferredToHeldForSale_lbl" xml:lang="en-US" id="id_5214848_1444064_1_1">Real Estate Accumulated Depreciation Assets Transferred To Held For Sale</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pld_RealEstateAccumulatedDepreciationAssetsTransferredToHeldForSale_lbl" xml:lang="en-US" id="id_5214848_1444064_14_1">Assets transferred to held-for-sale</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_RealEstateAccumulatedDepreciationAssetsTransferredToHeldForSale" xlink:to="pld_RealEstateAccumulatedDepreciationAssetsTransferredToHeldForSale_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateAccumulatedDepreciationRealEstateSold" xlink:label="us-gaap_RealEstateAccumulatedDepreciationRealEstateSold"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RealEstateAccumulatedDepreciationRealEstateSold_lbl" xml:lang="en-US" id="id_5214848_1286677_1_1">SEC Schedule III, Real Estate Accumulated Depreciation, Real Estate Sold</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_RealEstateAccumulatedDepreciationRealEstateSold_lbl" xml:lang="en-US" id="id_5214848_1286677_14_1">Balances retired upon disposition of operating properties and net effect of changes in foreign exchange rates and other</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateAccumulatedDepreciationRealEstateSold" xlink:to="us-gaap_RealEstateAccumulatedDepreciationRealEstateSold_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateAcquisitionsThroughForeclosures" xlink:label="us-gaap_RealEstateAcquisitionsThroughForeclosures"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RealEstateAcquisitionsThroughForeclosures_lbl" xml:lang="en-US" id="id_5214848_1286678_1_1">SEC Schedule III, Real Estate, Acquisitions Through Foreclosures</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_RealEstateAcquisitionsThroughForeclosures_lbl" xml:lang="en-US" id="id_5214848_1286678_2_1">Acquisitions of operating properties, improvements to operating properties, development activity, transfers of land to CIP and net effect of changes in foreign exchange rates and other</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateAcquisitionsThroughForeclosures" xlink:to="us-gaap_RealEstateAcquisitionsThroughForeclosures_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances_lbl" xml:lang="en-US" id="id_5214848_1284392_1_1">SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances_lbl" xml:lang="en-US" id="id_5214848_1284392_2_1">Amount secured of mortgage notes</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances" xlink:to="us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationByPropertyTable" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationByPropertyTable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationByPropertyTable_lbl" xml:lang="en-US" id="id_5214848_1279403_1_1">SEC Schedule III, Real Estate and Accumulated Depreciation, by Property [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationByPropertyTable_lbl" xml:lang="en-US" id="id_5214848_1279403_2_1">SEC Schedule III, Real Estate and Accumulated Depreciation, by Property [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationByPropertyTable" xlink:to="us-gaap_RealEstateAndAccumulatedDepreciationByPropertyTable_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements_lbl" xml:lang="en-US" id="id_5214848_1286164_1_1">SEC Schedule III, Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements_lbl" xml:lang="en-US" id="id_5214848_1286164_2_1">Carrying amount of buildings and improvements</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements" xlink:to="us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand_lbl" xml:lang="en-US" id="id_5214848_1286679_1_1">SEC Schedule III, Real Estate and Accumulated Depreciation, Carrying Amount of Land</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand_lbl" xml:lang="en-US" id="id_5214848_1286679_2_1">Carrying amount of land</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand" xlink:to="us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionCarryingCosts" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionCarryingCosts"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionCarryingCosts_lbl" xml:lang="en-US" id="id_5214848_1289218_1_1">SEC Schedule III, Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionCarryingCosts_lbl" xml:lang="en-US" id="id_5214848_1289218_2_1">Costs capitalized subsequent to acquisition</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionCarryingCosts" xlink:to="us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionCarryingCosts_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_RealEstateAndAccumulatedDepreciationDateOfConstructionAcquisition" xlink:label="pld_RealEstateAndAccumulatedDepreciationDateOfConstructionAcquisition"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_RealEstateAndAccumulatedDepreciationDateOfConstructionAcquisition_lbl" xml:lang="en-US" id="id_5214848_1528359_3_1">Real estate and accumulated depreciation date of construction acquisition.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_RealEstateAndAccumulatedDepreciationDateOfConstructionAcquisition_lbl" xml:lang="en-US" id="id_5214848_1528359_1_1">Real Estate And Accumulated Depreciation Date Of Construction Acquisition</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_RealEstateAndAccumulatedDepreciationDateOfConstructionAcquisition_lbl" xml:lang="en-US" id="id_5214848_1528359_2_1">Date of Construction/ Acquisition</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_RealEstateAndAccumulatedDepreciationDateOfConstructionAcquisition" xlink:to="pld_RealEstateAndAccumulatedDepreciationDateOfConstructionAcquisition_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis_lbl" xml:lang="en-US" id="id_5214848_1276167_1_1">Name of Property [Axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis_lbl" xml:lang="en-US" id="id_5214848_1276167_2_1">Name of Property [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis" xlink:to="us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationDisclosureAbstract" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationDisclosureAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationDisclosureAbstract_lbl" xml:lang="en-US" id="id_5214848_1277779_1_1">SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationDisclosureAbstract_lbl" xml:lang="en-US" id="id_5214848_1277779_2_1">SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationDisclosureAbstract" xlink:to="us-gaap_RealEstateAndAccumulatedDepreciationDisclosureAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationDisclosureTextBlock" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationDisclosureTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationDisclosureTextBlock_lbl" xml:lang="en-US" id="id_5214848_1279405_1_1">SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationDisclosureTextBlock_lbl" xml:lang="en-US" id="id_5214848_1279405_2_1">Real Estate and Accumulated Depreciation</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationDisclosureTextBlock" xlink:to="us-gaap_RealEstateAndAccumulatedDepreciationDisclosureTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements_lbl" xml:lang="en-US" id="id_5214848_1286166_1_1">SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements_lbl" xml:lang="en-US" id="id_5214848_1286166_2_1">Building and improvements</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements" xlink:to="us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand_lbl" xml:lang="en-US" id="id_5214848_1286673_1_1">SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand_lbl" xml:lang="en-US" id="id_5214848_1286673_2_1">Land</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand" xlink:to="us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationLifeUsedForDepreciation1" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationLifeUsedForDepreciation1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationLifeUsedForDepreciation1_lbl" xml:lang="en-US" id="id_5214848_1281031_1_1">SEC Schedule III, Real Estate and Accumulated Depreciation, Life Used for Depreciation</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationLifeUsedForDepreciation1_lbl" xml:lang="en-US" id="id_5214848_1281031_2_1">Useful lives for real estate assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationLifeUsedForDepreciation1" xlink:to="us-gaap_RealEstateAndAccumulatedDepreciationLifeUsedForDepreciation1_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationLineItems" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationLineItems"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationLineItems_lbl" xml:lang="en-US" id="id_5214848_1274515_1_1">SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationLineItems_lbl" xml:lang="en-US" id="id_5214848_1274515_2_1">SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationLineItems" xlink:to="us-gaap_RealEstateAndAccumulatedDepreciationLineItems_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain_lbl" xml:lang="en-US" id="id_5214848_1279406_1_1">Name of Property [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain_lbl" xml:lang="en-US" id="id_5214848_1279406_2_1">Name of Property [Domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_RealEstateAndAccumulatedDepreciationNumberOfBuildings" xlink:label="pld_RealEstateAndAccumulatedDepreciationNumberOfBuildings"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_RealEstateAndAccumulatedDepreciationNumberOfBuildings_lbl" xml:lang="en-US" id="id_5214848_1427331_3_1">Real estate and accumulated depreciation number of buildings.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_RealEstateAndAccumulatedDepreciationNumberOfBuildings_lbl" xml:lang="en-US" id="id_5214848_1427331_1_1">Real Estate And Accumulated Depreciation Number Of Buildings</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_RealEstateAndAccumulatedDepreciationNumberOfBuildings_lbl" xml:lang="en-US" id="id_5214848_1427331_2_1">Number of buildings</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_RealEstateAndAccumulatedDepreciationNumberOfBuildings" xlink:to="pld_RealEstateAndAccumulatedDepreciationNumberOfBuildings_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateDisclosureTextBlock" xlink:label="us-gaap_RealEstateDisclosureTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RealEstateDisclosureTextBlock_lbl" xml:lang="en-US" id="id_5214848_1276170_1_1">Real Estate Disclosure [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_RealEstateDisclosureTextBlock_lbl" xml:lang="en-US" id="id_5214848_1276170_2_1">Real Estate</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateDisclosureTextBlock" xlink:to="us-gaap_RealEstateDisclosureTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateFederalIncomeTaxBasis" xlink:label="us-gaap_RealEstateFederalIncomeTaxBasis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RealEstateFederalIncomeTaxBasis_lbl" xml:lang="en-US" id="id_5214848_1286168_1_1">SEC Schedule III, Real Estate, Federal Income Tax Basis</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_RealEstateFederalIncomeTaxBasis_lbl" xml:lang="en-US" id="id_5214848_1286168_2_1">Aggregate cost for Federal tax purposes</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateFederalIncomeTaxBasis" xlink:to="us-gaap_RealEstateFederalIncomeTaxBasis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateGrossAtCarryingValue" xlink:label="us-gaap_RealEstateGrossAtCarryingValue"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RealEstateGrossAtCarryingValue_lbl" xml:lang="en-US" id="id_5214848_1288714_1_1">SEC Schedule III, Real Estate, Gross</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_RealEstateGrossAtCarryingValue_lbl" xml:lang="en-US" id="id_5214848_1288714_4_1">Balance at end of year</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_RealEstateGrossAtCarryingValue_lbl" xml:lang="en-US" id="id_5214848_1288714_5_1">Balance at beginning of year</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_RealEstateGrossAtCarryingValue_lbl" xml:lang="en-US" id="id_5214848_1288714_2_1">Real estate acquisition value</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_RealEstateGrossAtCarryingValue_lbl" xml:lang="en-US" id="id_5214848_1288714_6_1">Carrying amount of land and buildings and improvements, Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_RealEstateGrossAtCarryingValue_lbl" xml:lang="en-US" id="id_5214848_1288714_12_1">Total per Schedule III</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateGrossAtCarryingValue" xlink:to="us-gaap_RealEstateGrossAtCarryingValue_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_RealEstateInvestmentIndustrialPropertiesAbstract" xlink:label="pld_RealEstateInvestmentIndustrialPropertiesAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_RealEstateInvestmentIndustrialPropertiesAbstract_lbl" xml:lang="en-US" id="id_5214848_1563085_3_1">Real estate investment industrial properties.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_RealEstateInvestmentIndustrialPropertiesAbstract_lbl" xml:lang="en-US" id="id_5214848_1563085_1_1">Real Estate Investment Industrial Properties [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_RealEstateInvestmentIndustrialPropertiesAbstract_lbl" xml:lang="en-US" id="id_5214848_1563085_2_1">Industrial operating properties:</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_RealEstateInvestmentIndustrialPropertiesAbstract" xlink:to="pld_RealEstateInvestmentIndustrialPropertiesAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation" xlink:label="us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation_lbl" xml:lang="en-US" id="id_5214848_1283944_1_1">Real Estate Investment Property, Accumulated Depreciation</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation_lbl" xml:lang="en-US" id="id_5214848_1283944_2_1">Less accumulated depreciation</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation_lbl" xml:lang="en-US" id="id_5214848_1283944_12_1">Total per consolidated balance sheet</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation" xlink:to="us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateInvestmentPropertyAtCost" xlink:label="us-gaap_RealEstateInvestmentPropertyAtCost"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RealEstateInvestmentPropertyAtCost_lbl" xml:lang="en-US" id="id_5214848_1288713_1_1">Real Estate Investment Property, at Cost</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:label="us-gaap_RealEstateInvestmentPropertyAtCost_lbl" xml:lang="en-US" id="id_5214848_1288713_32_1">Total per consolidated balance sheet</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_RealEstateInvestmentPropertyAtCost_lbl" xml:lang="en-US" id="id_5214848_1288713_2_1">Investments in real estate properties</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_RealEstateInvestmentPropertyAtCost_lbl" xml:lang="en-US" id="id_5214848_1288713_12_1">Total investments in real estate properties</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateInvestmentPropertyAtCost" xlink:to="us-gaap_RealEstateInvestmentPropertyAtCost_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateInvestmentPropertyNet" xlink:label="us-gaap_RealEstateInvestmentPropertyNet"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RealEstateInvestmentPropertyNet_lbl" xml:lang="en-US" id="id_5214848_1285643_1_1">Real Estate Investment Property, Net</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:label="us-gaap_RealEstateInvestmentPropertyNet_lbl" xml:lang="en-US" id="id_5214848_1285643_32_1">Total Investment In Real Estate</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_RealEstateInvestmentPropertyNet_lbl" xml:lang="en-US" id="id_5214848_1285643_2_1">Net investments in real estate properties</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_RealEstateInvestmentPropertyNet_lbl" xml:lang="en-US" id="id_5214848_1285643_6_1">Net investments in real estate properties</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_RealEstateInvestmentPropertyNet_lbl" xml:lang="en-US" id="id_5214848_1285643_12_1">Total Investment In Real Estate</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateInvestmentPropertyNet" xlink:to="us-gaap_RealEstateInvestmentPropertyNet_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateInvestmentsUnconsolidatedRealEstateAndOtherJointVentures" xlink:label="us-gaap_RealEstateInvestmentsUnconsolidatedRealEstateAndOtherJointVentures"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RealEstateInvestmentsUnconsolidatedRealEstateAndOtherJointVentures_lbl" xml:lang="en-US" id="id_5214848_1286670_1_1">Real Estate Investments, Unconsolidated Real Estate and Other Joint Ventures</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_RealEstateInvestmentsUnconsolidatedRealEstateAndOtherJointVentures_lbl" xml:lang="en-US" id="id_5214848_1286670_2_1">Investments in unconsolidated entities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateInvestmentsUnconsolidatedRealEstateAndOtherJointVentures" xlink:to="us-gaap_RealEstateInvestmentsUnconsolidatedRealEstateAndOtherJointVentures_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateOtherAdditions" xlink:label="us-gaap_RealEstateOtherAdditions"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RealEstateOtherAdditions_lbl" xml:lang="en-US" id="id_5214848_1289225_1_1">SEC Schedule III, Real Estate, Other Additions</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_RealEstateOtherAdditions_lbl" xml:lang="en-US" id="id_5214848_1289225_2_1">Other real estate investments</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateOtherAdditions" xlink:to="us-gaap_RealEstateOtherAdditions_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_RealEstatePeriodIncreaseDecreaseUnderDevelopmentBalance" xlink:label="pld_RealEstatePeriodIncreaseDecreaseUnderDevelopmentBalance"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_RealEstatePeriodIncreaseDecreaseUnderDevelopmentBalance_lbl" xml:lang="en-US" id="id_5214848_1310934_3_1">Real estate period increase decrease under development balance.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_RealEstatePeriodIncreaseDecreaseUnderDevelopmentBalance_lbl" xml:lang="en-US" id="id_5214848_1310934_1_1">Real Estate Period Increase Decrease Under Development Balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_RealEstatePeriodIncreaseDecreaseUnderDevelopmentBalance_lbl" xml:lang="en-US" id="id_5214848_1310934_2_1">Change in the development portfolio balance, including the acquisition of properties</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_RealEstatePeriodIncreaseDecreaseUnderDevelopmentBalance" xlink:to="pld_RealEstatePeriodIncreaseDecreaseUnderDevelopmentBalance_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstatePropertiesAxis" xlink:label="us-gaap_RealEstatePropertiesAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RealEstatePropertiesAxis_lbl" xml:lang="en-US" id="id_5214848_1272868_1_1">Real Estate Property Ownership [Axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_RealEstatePropertiesAxis_lbl" xml:lang="en-US" id="id_5214848_1272868_2_1">Real Estate Property Ownership [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstatePropertiesAxis" xlink:to="us-gaap_RealEstatePropertiesAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstatePropertiesDomain" xlink:label="us-gaap_RealEstatePropertiesDomain"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RealEstatePropertiesDomain_lbl" xml:lang="en-US" id="id_5214848_1276177_1_1">Real Estate Properties [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_RealEstatePropertiesDomain_lbl" xml:lang="en-US" id="id_5214848_1276177_2_1">Real Estate Properties [Domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstatePropertiesDomain" xlink:to="us-gaap_RealEstatePropertiesDomain_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstatePropertiesLineItems" xlink:label="us-gaap_RealEstatePropertiesLineItems"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RealEstatePropertiesLineItems_lbl" xml:lang="en-US" id="id_5214848_1274520_1_1">Real Estate Properties [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_RealEstatePropertiesLineItems_lbl" xml:lang="en-US" id="id_5214848_1274520_2_1">Real Estate Properties [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstatePropertiesLineItems" xlink:to="us-gaap_RealEstatePropertiesLineItems_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_RealEstatePropertySalePrice" xlink:label="pld_RealEstatePropertySalePrice"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_RealEstatePropertySalePrice_lbl" xml:lang="en-US" id="id_5214848_1303106_3_1">Real Estate Property Sale Price</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_RealEstatePropertySalePrice_lbl" xml:lang="en-US" id="id_5214848_1303106_1_1">Real Estate Property Sale Price</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_RealEstatePropertySalePrice_lbl" xml:lang="en-US" id="id_5214848_1303106_2_1">Purchase price of portfolio</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_RealEstatePropertySalePrice" xlink:to="pld_RealEstatePropertySalePrice_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateRevenueNet" xlink:label="us-gaap_RealEstateRevenueNet"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RealEstateRevenueNet_lbl" xml:lang="en-US" id="id_5214848_1284806_1_1">Real Estate Revenue, Net</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_RealEstateRevenueNet_lbl" xml:lang="en-US" id="id_5214848_1284806_2_1">Total revenues</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_RealEstateRevenueNet_lbl" xml:lang="en-US" id="id_5214848_1284806_6_1">Total revenues</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateRevenueNet" xlink:to="us-gaap_RealEstateRevenueNet_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateRevenueNetAbstract" xlink:label="us-gaap_RealEstateRevenueNetAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RealEstateRevenueNetAbstract_lbl" xml:lang="en-US" id="id_5214848_1279426_1_1">Real Estate Revenue, Net [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_RealEstateRevenueNetAbstract_lbl" xml:lang="en-US" id="id_5214848_1279426_2_1">Revenues:</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateRevenueNetAbstract" xlink:to="us-gaap_RealEstateRevenueNetAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ReceivablesAbstract" xlink:label="us-gaap_ReceivablesAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ReceivablesAbstract_lbl" xml:lang="en-US" id="id_5214848_1281036_1_1">Receivables [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ReceivablesAbstract_lbl" xml:lang="en-US" id="id_5214848_1281036_2_1">Receivables [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ReceivablesAbstract" xlink:to="us-gaap_ReceivablesAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ReconciliationOfCarryingAmountOfRealEstateInvestmentsRollForward" xlink:label="us-gaap_ReconciliationOfCarryingAmountOfRealEstateInvestmentsRollForward"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ReconciliationOfCarryingAmountOfRealEstateInvestmentsRollForward_lbl" xml:lang="en-US" id="id_5214848_1272874_1_1">SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ReconciliationOfCarryingAmountOfRealEstateInvestmentsRollForward_lbl" xml:lang="en-US" id="id_5214848_1272874_2_1">Real estate assets:</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ReconciliationOfCarryingAmountOfRealEstateInvestmentsRollForward" xlink:to="us-gaap_ReconciliationOfCarryingAmountOfRealEstateInvestmentsRollForward_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ReconciliationOfRealEstateAccumulatedDepreciationRollForward" xlink:label="us-gaap_ReconciliationOfRealEstateAccumulatedDepreciationRollForward"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ReconciliationOfRealEstateAccumulatedDepreciationRollForward_lbl" xml:lang="en-US" id="id_5214848_1271175_1_1">SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ReconciliationOfRealEstateAccumulatedDepreciationRollForward_lbl" xml:lang="en-US" id="id_5214848_1271175_2_1">Accumulated Depreciation:</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ReconciliationOfRealEstateAccumulatedDepreciationRollForward" xlink:to="us-gaap_ReconciliationOfRealEstateAccumulatedDepreciationRollForward_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_RedlandsCommunityCenterMember" xlink:label="pld_RedlandsCommunityCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_RedlandsCommunityCenterMember_lbl" xml:lang="en-US" id="id_5214848_1610189_3_1">Redlands Community Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_RedlandsCommunityCenterMember_lbl" xml:lang="en-US" id="id_5214848_1610189_1_1">Redlands Community Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_RedlandsCommunityCenterMember_lbl" xml:lang="en-US" id="id_5214848_1610189_2_1">Redlands Comm Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_RedlandsCommunityCenterMember" xlink:to="pld_RedlandsCommunityCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_RedlandsDistributionCenterMember" xlink:label="pld_RedlandsDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_RedlandsDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1458757_3_1">Redlands distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_RedlandsDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1458757_1_1">Redlands Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_RedlandsDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1458757_2_1">Redlands Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_RedlandsDistributionCenterMember" xlink:to="pld_RedlandsDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_RegulatoryAssetsAbstract" xlink:label="pld_RegulatoryAssetsAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_RegulatoryAssetsAbstract_lbl" xml:lang="en-US" id="id_5214848_1389970_3_1">Regulatory Assets [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_RegulatoryAssetsAbstract_lbl" xml:lang="en-US" id="id_5214848_1389970_1_1">Regulatory Assets [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_RegulatoryAssetsAbstract_lbl" xml:lang="en-US" id="id_5214848_1389970_2_1">Regulatory Assets [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_RegulatoryAssetsAbstract" xlink:to="pld_RegulatoryAssetsAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RelatedPartyDomain" xlink:label="us-gaap_RelatedPartyDomain"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RelatedPartyDomain_lbl" xml:lang="en-US" id="id_5214848_1279455_1_1">Related Party [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_RelatedPartyDomain_lbl" xml:lang="en-US" id="id_5214848_1279455_2_1">Related Party [Domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyDomain" xlink:to="us-gaap_RelatedPartyDomain_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_RelatedPartyTransactionManagementFee" xlink:label="pld_RelatedPartyTransactionManagementFee"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_RelatedPartyTransactionManagementFee_lbl" xml:lang="en-US" id="id_5214848_1442780_3_1">Related Party Transaction Management Fee</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_RelatedPartyTransactionManagementFee_lbl" xml:lang="en-US" id="id_5214848_1442780_1_1">Related Party Transaction Management Fee</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_RelatedPartyTransactionManagementFee_lbl" xml:lang="en-US" id="id_5214848_1442780_2_1">Promote fee earned from venture</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_RelatedPartyTransactionManagementFee" xlink:to="pld_RelatedPartyTransactionManagementFee_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RelatedPartyTransactionsByRelatedPartyAxis" xlink:label="us-gaap_RelatedPartyTransactionsByRelatedPartyAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_lbl" xml:lang="en-US" id="id_5214848_1279431_1_1">Related Party [Axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_lbl" xml:lang="en-US" id="id_5214848_1279431_2_1">Related Party [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyTransactionsByRelatedPartyAxis" xlink:to="us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_RemainingEquityCommitments" xlink:label="pld_RemainingEquityCommitments"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_RemainingEquityCommitments_lbl" xml:lang="en-US" id="id_5214848_1368718_3_1">Remaining equity commitments in co- investment ventures.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_RemainingEquityCommitments_lbl" xml:lang="en-US" id="id_5214848_1368718_1_1">Remaining Equity Commitments</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_RemainingEquityCommitments_lbl" xml:lang="en-US" id="id_5214848_1368718_2_1">Remaining equity commitments</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_RemainingEquityCommitments" xlink:to="pld_RemainingEquityCommitments_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_RemingtonLakesDistMember" xlink:label="pld_RemingtonLakesDistMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_RemingtonLakesDistMember_lbl" xml:lang="en-US" id="id_5214848_1387169_3_1">Remington Lakes Dist [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_RemingtonLakesDistMember_lbl" xml:lang="en-US" id="id_5214848_1387169_1_1">Remington Lakes Dist [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_RemingtonLakesDistMember_lbl" xml:lang="en-US" id="id_5214848_1387169_2_1">Remington Lakes Dist [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_RemingtonLakesDistMember" xlink:to="pld_RemingtonLakesDistMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_RenoNevadaMember" xlink:label="pld_RenoNevadaMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_RenoNevadaMember_lbl" xml:lang="en-US" id="id_5214848_1294888_3_1">Reno Nevada.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_RenoNevadaMember_lbl" xml:lang="en-US" id="id_5214848_1294888_1_1">Reno Nevada [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_RenoNevadaMember_lbl" xml:lang="en-US" id="id_5214848_1294888_2_1">Reno, Nevada [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_RenoNevadaMember" xlink:to="pld_RenoNevadaMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_RentalExpensesIncludedInProFormaResults" xlink:label="pld_RentalExpensesIncludedInProFormaResults"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_RentalExpensesIncludedInProFormaResults_lbl" xml:lang="en-US" id="id_5214848_1494383_3_1">Rental expenses included in pro forma result.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_RentalExpensesIncludedInProFormaResults_lbl" xml:lang="en-US" id="id_5214848_1494383_1_1">Rental Expenses Included In Pro Forma Results</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_RentalExpensesIncludedInProFormaResults_lbl" xml:lang="en-US" id="id_5214848_1494383_2_1">Rental expenses included in pro forma result</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_RentalExpensesIncludedInProFormaResults" xlink:to="pld_RentalExpensesIncludedInProFormaResults_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_RentalExpensesPolicyTextBlock" xlink:label="pld_RentalExpensesPolicyTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_RentalExpensesPolicyTextBlock_lbl" xml:lang="en-US" id="id_5214848_1486744_3_1">Rental Expenses.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_RentalExpensesPolicyTextBlock_lbl" xml:lang="en-US" id="id_5214848_1486744_1_1">Rental Expenses Policy [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_RentalExpensesPolicyTextBlock_lbl" xml:lang="en-US" id="id_5214848_1486744_2_1">Rental Expense</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_RentalExpensesPolicyTextBlock" xlink:to="pld_RentalExpensesPolicyTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_RentLevelingAssetsAndMarketLeasesFavorableUnfavorableNet" xlink:label="pld_RentLevelingAssetsAndMarketLeasesFavorableUnfavorableNet"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_RentLevelingAssetsAndMarketLeasesFavorableUnfavorableNet_lbl" xml:lang="en-US" id="id_5214848_1490817_3_1">Rent leveling assets and market leases favorable unfavorable net.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_RentLevelingAssetsAndMarketLeasesFavorableUnfavorableNet_lbl" xml:lang="en-US" id="id_5214848_1490817_1_1">Rent Leveling Assets And Market Leases Favorable Unfavorable Net</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_RentLevelingAssetsAndMarketLeasesFavorableUnfavorableNet_lbl" xml:lang="en-US" id="id_5214848_1490817_2_1">Rent leveling and above market leases</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_RentLevelingAssetsAndMarketLeasesFavorableUnfavorableNet" xlink:to="pld_RentLevelingAssetsAndMarketLeasesFavorableUnfavorableNet_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_RentonNorthwestCorpParkMember" xlink:label="pld_RentonNorthwestCorpParkMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_RentonNorthwestCorpParkMember_lbl" xml:lang="en-US" id="id_5214848_1523151_3_1">Renton Northwest Corp. Park.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_RentonNorthwestCorpParkMember_lbl" xml:lang="en-US" id="id_5214848_1523151_1_1">Renton Northwest Corp Park [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_RentonNorthwestCorpParkMember_lbl" xml:lang="en-US" id="id_5214848_1523151_2_1">Renton Northwest Corp. Park [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_RentonNorthwestCorpParkMember" xlink:to="pld_RentonNorthwestCorpParkMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ReportingSegmentOneMember" xlink:label="pld_ReportingSegmentOneMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ReportingSegmentOneMember_lbl" xml:lang="en-US" id="id_5214848_1317461_3_1">Reporting Segment One [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ReportingSegmentOneMember_lbl" xml:lang="en-US" id="id_5214848_1317461_1_1">Reporting Segment One [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ReportingSegmentOneMember_lbl" xml:lang="en-US" id="id_5214848_1317461_2_1">Real Estate Operations [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ReportingSegmentOneMember" xlink:to="pld_ReportingSegmentOneMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ReportingSegmentTwoMember" xlink:label="pld_ReportingSegmentTwoMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ReportingSegmentTwoMember_lbl" xml:lang="en-US" id="id_5214848_1484594_3_1">Reporting Segment Two [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ReportingSegmentTwoMember_lbl" xml:lang="en-US" id="id_5214848_1484594_1_1">Reporting Segment Two [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ReportingSegmentTwoMember_lbl" xml:lang="en-US" id="id_5214848_1484594_2_1">Investment Management [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ReportingSegmentTwoMember" xlink:to="pld_ReportingSegmentTwoMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_RepurchaseOfDebtAndGainLossOnEarlyExtinguishmentOfDebtTableTextBlock" xlink:label="pld_RepurchaseOfDebtAndGainLossOnEarlyExtinguishmentOfDebtTableTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_RepurchaseOfDebtAndGainLossOnEarlyExtinguishmentOfDebtTableTextBlock_lbl" xml:lang="en-US" id="id_5214848_1614820_3_1">Repurchase of debt and gain loss on early extinguishment of debt.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_RepurchaseOfDebtAndGainLossOnEarlyExtinguishmentOfDebtTableTextBlock_lbl" xml:lang="en-US" id="id_5214848_1614820_1_1">Repurchase Of Debt And Gain Loss On Early Extinguishment Of Debt [Table Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_RepurchaseOfDebtAndGainLossOnEarlyExtinguishmentOfDebtTableTextBlock_lbl" xml:lang="en-US" id="id_5214848_1614820_2_1">Activity Related to Repurchase of Debt and Net Loss on Early Extinguishment of Debt</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_RepurchaseOfDebtAndGainLossOnEarlyExtinguishmentOfDebtTableTextBlock" xlink:to="pld_RepurchaseOfDebtAndGainLossOnEarlyExtinguishmentOfDebtTableTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_RestrictedOperatingPartnershipUnitsMember" xlink:label="pld_RestrictedOperatingPartnershipUnitsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_RestrictedOperatingPartnershipUnitsMember_lbl" xml:lang="en-US" id="id_5214848_1606088_3_1">Restricted Operating Partnership Units [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_RestrictedOperatingPartnershipUnitsMember_lbl" xml:lang="en-US" id="id_5214848_1606088_1_1">Restricted Operating Partnership Units [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_RestrictedOperatingPartnershipUnitsMember_lbl" xml:lang="en-US" id="id_5214848_1606088_2_1">Restricted Operating Partnership Units [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_RestrictedOperatingPartnershipUnitsMember" xlink:to="pld_RestrictedOperatingPartnershipUnitsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_RestrictedStockUnitsAndPerformanceShareAwardsMember" xlink:label="pld_RestrictedStockUnitsAndPerformanceShareAwardsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_RestrictedStockUnitsAndPerformanceShareAwardsMember_lbl" xml:lang="en-US" id="id_5214848_1425840_3_1">Restricted Stock Units And Performance Share Awards.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_RestrictedStockUnitsAndPerformanceShareAwardsMember_lbl" xml:lang="en-US" id="id_5214848_1425840_1_1">Restricted Stock Units And Performance Share Awards [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_RestrictedStockUnitsAndPerformanceShareAwardsMember_lbl" xml:lang="en-US" id="id_5214848_1425840_2_1">RSU and PSA [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_RestrictedStockUnitsAndPerformanceShareAwardsMember" xlink:to="pld_RestrictedStockUnitsAndPerformanceShareAwardsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RestrictedStockUnitsRSUMember" xlink:label="us-gaap_RestrictedStockUnitsRSUMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RestrictedStockUnitsRSUMember_lbl" xml:lang="en-US" id="id_5214848_1271212_1_1">Restricted Stock Units (RSUs) [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_RestrictedStockUnitsRSUMember_lbl" xml:lang="en-US" id="id_5214848_1271212_2_1">Restricted Stock Units (RSUs) [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RestrictedStockUnitsRSUMember" xlink:to="us-gaap_RestrictedStockUnitsRSUMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RetainedEarningsAccumulatedDeficit" xlink:label="us-gaap_RetainedEarningsAccumulatedDeficit"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RetainedEarningsAccumulatedDeficit_lbl" xml:lang="en-US" id="id_5214848_1283021_1_1">Retained Earnings (Accumulated Deficit)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_RetainedEarningsAccumulatedDeficit_lbl" xml:lang="en-US" id="id_5214848_1283021_2_1">Distributions in excess of net earnings</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RetainedEarningsAccumulatedDeficit" xlink:to="us-gaap_RetainedEarningsAccumulatedDeficit_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RevenueRecognitionPolicyTextBlock" xlink:label="us-gaap_RevenueRecognitionPolicyTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RevenueRecognitionPolicyTextBlock_lbl" xml:lang="en-US" id="id_5214848_1272964_1_1">Revenue Recognition, Policy [Policy Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_RevenueRecognitionPolicyTextBlock_lbl" xml:lang="en-US" id="id_5214848_1272964_2_1">Revenue Recognition</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RevenueRecognitionPolicyTextBlock" xlink:to="us-gaap_RevenueRecognitionPolicyTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_RevolverMember" xlink:label="pld_RevolverMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_RevolverMember_lbl" xml:lang="en-US" id="id_5214848_1570349_3_1">Revolver [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_RevolverMember_lbl" xml:lang="en-US" id="id_5214848_1570349_1_1">Revolver [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_RevolverMember_lbl" xml:lang="en-US" id="id_5214848_1570349_2_1">Revolver [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_RevolverMember" xlink:to="pld_RevolverMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_RialtoDistributionCenterMember" xlink:label="pld_RialtoDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_RialtoDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1529601_3_1">Rialto Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_RialtoDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1529601_1_1">Rialto Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_RialtoDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1529601_2_1">Rialto Dist Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_RialtoDistributionCenterMember" xlink:to="pld_RialtoDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_RittimanEastIndustrialParkMember" xlink:label="pld_RittimanEastIndustrialParkMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_RittimanEastIndustrialParkMember_lbl" xml:lang="en-US" id="id_5214848_1437665_3_1">Rittiman east industrial park.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_RittimanEastIndustrialParkMember_lbl" xml:lang="en-US" id="id_5214848_1437665_1_1">Rittiman East Industrial Park [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_RittimanEastIndustrialParkMember_lbl" xml:lang="en-US" id="id_5214848_1437665_2_1">Rittiman East Industrial Park [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_RittimanEastIndustrialParkMember" xlink:to="pld_RittimanEastIndustrialParkMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_RittimanWestIndustrialParkMember" xlink:label="pld_RittimanWestIndustrialParkMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_RittimanWestIndustrialParkMember_lbl" xml:lang="en-US" id="id_5214848_1484807_3_1">Rittiman west industrial park.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_RittimanWestIndustrialParkMember_lbl" xml:lang="en-US" id="id_5214848_1484807_1_1">Rittiman West Industrial Park [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_RittimanWestIndustrialParkMember_lbl" xml:lang="en-US" id="id_5214848_1484807_2_1">Rittiman West Industrial Park [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_RittimanWestIndustrialParkMember" xlink:to="pld_RittimanWestIndustrialParkMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_RiverbluffDistributionCenterMember" xlink:label="pld_RiverbluffDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_RiverbluffDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1495636_3_1">Riverbluff distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_RiverbluffDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1495636_1_1">Riverbluff Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_RiverbluffDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1495636_2_1">Riverbluff Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_RiverbluffDistributionCenterMember" xlink:to="pld_RiverbluffDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_RiverportDistributionCenterMember" xlink:label="pld_RiverportDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_RiverportDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1492506_3_1">Riverport distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_RiverportDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1492506_1_1">Riverport Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_RiverportDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1492506_2_1">Riverport Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_RiverportDistributionCenterMember" xlink:to="pld_RiverportDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_RiversideDistributionCenterMember" xlink:label="pld_RiversideDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_RiversideDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1350895_3_1">Riverside distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_RiversideDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1350895_1_1">Riverside Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_RiversideDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1350895_2_1">Riverside Dist Ctr (LAX) [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_RiversideDistributionCenterMember" xlink:to="pld_RiversideDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_RnoCargoCenterTenToElevenMember" xlink:label="pld_RnoCargoCenterTenToElevenMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_RnoCargoCenterTenToElevenMember_lbl" xml:lang="en-US" id="id_5214848_1361081_3_1">Rno Cargo Center Ten To Eleven.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_RnoCargoCenterTenToElevenMember_lbl" xml:lang="en-US" id="id_5214848_1361081_1_1">Rno Cargo Center Ten To Eleven [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_RnoCargoCenterTenToElevenMember_lbl" xml:lang="en-US" id="id_5214848_1361081_2_1">RNO Cargo Center 10_11 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_RnoCargoCenterTenToElevenMember" xlink:to="pld_RnoCargoCenterTenToElevenMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/country/2013/country-2013-01-31.xsd#country_RO" xlink:label="country_RO"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_RO_lbl" xml:lang="en-US" id="id_5214848_1271494_1_1">ROMANIA</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="country_RO_lbl" xml:lang="en-US" id="id_5214848_1271494_2_1">Romania [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_RO" xlink:to="country_RO_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_RochelleDistributionCenterMember" xlink:label="pld_RochelleDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_RochelleDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1443903_3_1">Rochelle distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_RochelleDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1443903_1_1">Rochelle Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_RochelleDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1443903_2_1">Rochelle Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_RochelleDistributionCenterMember" xlink:to="pld_RochelleDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_RomeovilleDistributionCenterMember" xlink:label="pld_RomeovilleDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_RomeovilleDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1567679_3_1">Romeoville distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_RomeovilleDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1567679_1_1">Romeoville Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_RomeovilleDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1567679_2_1">Romeoville Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_RomeovilleDistributionCenterMember" xlink:to="pld_RomeovilleDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_RoyalDistributionCenterMember" xlink:label="pld_RoyalDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_RoyalDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1411577_3_1">Royal distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_RoyalDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1411577_1_1">Royal Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_RoyalDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1411577_2_1">Royal Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_RoyalDistributionCenterMember" xlink:to="pld_RoyalDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SaleOfStockPricePerShare" xlink:label="us-gaap_SaleOfStockPricePerShare"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SaleOfStockPricePerShare_lbl" xml:lang="en-US" id="id_5214848_1281096_1_1">Sale of Stock, Price Per Share</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SaleOfStockPricePerShare_lbl" xml:lang="en-US" id="id_5214848_1281096_2_1">Equity units trading value (per share)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SaleOfStockPricePerShare" xlink:to="us-gaap_SaleOfStockPricePerShare_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_SaltLakeCityUtahMember" xlink:label="pld_SaltLakeCityUtahMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_SaltLakeCityUtahMember_lbl" xml:lang="en-US" id="id_5214848_1524178_3_1">Salt Lake City Utah [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_SaltLakeCityUtahMember_lbl" xml:lang="en-US" id="id_5214848_1524178_1_1">Salt Lake City Utah [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_SaltLakeCityUtahMember_lbl" xml:lang="en-US" id="id_5214848_1524178_2_1">Salt Lake City, Utah [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_SaltLakeCityUtahMember" xlink:to="pld_SaltLakeCityUtahMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_SanAntonioDistributionCenterOneMember" xlink:label="pld_SanAntonioDistributionCenterOneMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_SanAntonioDistributionCenterOneMember_lbl" xml:lang="en-US" id="id_5214848_1356641_3_1">San Antonio distribution center one.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_SanAntonioDistributionCenterOneMember_lbl" xml:lang="en-US" id="id_5214848_1356641_1_1">San Antonio Distribution Center One [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_SanAntonioDistributionCenterOneMember_lbl" xml:lang="en-US" id="id_5214848_1356641_2_1">San Antonio Distribution Center I [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_SanAntonioDistributionCenterOneMember" xlink:to="pld_SanAntonioDistributionCenterOneMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_SanAntonioDistributionCenterThreeMember" xlink:label="pld_SanAntonioDistributionCenterThreeMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_SanAntonioDistributionCenterThreeMember_lbl" xml:lang="en-US" id="id_5214848_1461703_3_1">San Antonio distribution center three.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_SanAntonioDistributionCenterThreeMember_lbl" xml:lang="en-US" id="id_5214848_1461703_1_1">San Antonio Distribution Center Three [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_SanAntonioDistributionCenterThreeMember_lbl" xml:lang="en-US" id="id_5214848_1461703_2_1">San Antonio Distribution Center III [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_SanAntonioDistributionCenterThreeMember" xlink:to="pld_SanAntonioDistributionCenterThreeMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_SanAntonioDistributionCenterTwoMember" xlink:label="pld_SanAntonioDistributionCenterTwoMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_SanAntonioDistributionCenterTwoMember_lbl" xml:lang="en-US" id="id_5214848_1437563_3_1">San Antonio distribution center two.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_SanAntonioDistributionCenterTwoMember_lbl" xml:lang="en-US" id="id_5214848_1437563_1_1">San Antonio Distribution Center Two [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_SanAntonioDistributionCenterTwoMember_lbl" xml:lang="en-US" id="id_5214848_1437563_2_1">San Antonio Distribution Center II [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_SanAntonioDistributionCenterTwoMember" xlink:to="pld_SanAntonioDistributionCenterTwoMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_SanAntonioTexasMember" xlink:label="pld_SanAntonioTexasMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_SanAntonioTexasMember_lbl" xml:lang="en-US" id="id_5214848_1519478_3_1">San Antonio Texas.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_SanAntonioTexasMember_lbl" xml:lang="en-US" id="id_5214848_1519478_1_1">San Antonio Texas [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_SanAntonioTexasMember_lbl" xml:lang="en-US" id="id_5214848_1519478_2_1">San Antonio, Texas [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_SanAntonioTexasMember" xlink:to="pld_SanAntonioTexasMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_SandLakeServiceCenterMember" xlink:label="pld_SandLakeServiceCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_SandLakeServiceCenterMember_lbl" xml:lang="en-US" id="id_5214848_1338554_3_1">Sand Lake Service Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_SandLakeServiceCenterMember_lbl" xml:lang="en-US" id="id_5214848_1338554_1_1">Sand Lake Service Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_SandLakeServiceCenterMember_lbl" xml:lang="en-US" id="id_5214848_1338554_2_1">Sand Lake Service Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_SandLakeServiceCenterMember" xlink:to="pld_SandLakeServiceCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_SanFranciscoBayAreaCaliforniaMember" xlink:label="pld_SanFranciscoBayAreaCaliforniaMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_SanFranciscoBayAreaCaliforniaMember_lbl" xml:lang="en-US" id="id_5214848_1323387_3_1">San Francisco Bay Area, California [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_SanFranciscoBayAreaCaliforniaMember_lbl" xml:lang="en-US" id="id_5214848_1323387_1_1">San Francisco Bay Area, California [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_SanFranciscoBayAreaCaliforniaMember_lbl" xml:lang="en-US" id="id_5214848_1323387_2_1">San Francisco Bay Area, California [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_SanFranciscoBayAreaCaliforniaMember" xlink:to="pld_SanFranciscoBayAreaCaliforniaMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_SanLeandroDistributionCenterMember" xlink:label="pld_SanLeandroDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_SanLeandroDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1399976_3_1">San Leandro distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_SanLeandroDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1399976_1_1">San Leandro Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_SanLeandroDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1399976_2_1">San Leandro Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_SanLeandroDistributionCenterMember" xlink:to="pld_SanLeandroDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_SantaAnaDistributionCenterMember" xlink:label="pld_SantaAnaDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_SantaAnaDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1550389_3_1">Santa Ana distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_SantaAnaDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1550389_1_1">Santa Ana Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_SantaAnaDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1550389_2_1">Santa Ana Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_SantaAnaDistributionCenterMember" xlink:to="pld_SantaAnaDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_SavannahGeorgiaMember" xlink:label="pld_SavannahGeorgiaMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_SavannahGeorgiaMember_lbl" xml:lang="en-US" id="id_5214848_1520878_3_1">Savannah, Georgia [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_SavannahGeorgiaMember_lbl" xml:lang="en-US" id="id_5214848_1520878_1_1">Savannah Georgia [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_SavannahGeorgiaMember_lbl" xml:lang="en-US" id="id_5214848_1520878_2_1">Savannah, Georgia [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_SavannahGeorgiaMember" xlink:to="pld_SavannahGeorgiaMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_SawgrassDistributionCenterMember" xlink:label="pld_SawgrassDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_SawgrassDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1321979_3_1">Sawgrass distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_SawgrassDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1321979_1_1">Sawgrass Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_SawgrassDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1321979_2_1">Sawgrass Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_SawgrassDistributionCenterMember" xlink:to="pld_SawgrassDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ScheduleOfAcquisitionsOfPropertiesTableTextBlock" xlink:label="pld_ScheduleOfAcquisitionsOfPropertiesTableTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ScheduleOfAcquisitionsOfPropertiesTableTextBlock_lbl" xml:lang="en-US" id="id_5214848_1356655_3_1">Schedule Of Acquisitions Of Properties Table [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ScheduleOfAcquisitionsOfPropertiesTableTextBlock_lbl" xml:lang="en-US" id="id_5214848_1356655_1_1">Schedule Of Acquisitions Of Properties Table [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ScheduleOfAcquisitionsOfPropertiesTableTextBlock_lbl" xml:lang="en-US" id="id_5214848_1356655_2_1">Summary of Properties Acquired</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ScheduleOfAcquisitionsOfPropertiesTableTextBlock" xlink:to="pld_ScheduleOfAcquisitionsOfPropertiesTableTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:label="us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_lbl" xml:lang="en-US" id="id_5214848_1276273_1_1">Schedule of Business Acquisitions, by Acquisition [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_lbl" xml:lang="en-US" id="id_5214848_1276273_2_1">Schedule of Business Acquisitions, by Acquisition [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:to="us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfCapitalizationLongtermDebtLineItems" xlink:label="us-gaap_ScheduleOfCapitalizationLongtermDebtLineItems"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfCapitalizationLongtermDebtLineItems_lbl" xml:lang="en-US" id="id_5214848_1279500_1_1">Schedule of Capitalization, Long-term Debt [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ScheduleOfCapitalizationLongtermDebtLineItems_lbl" xml:lang="en-US" id="id_5214848_1279500_2_1">Schedule of Capitalization, Long-term Debt [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfCapitalizationLongtermDebtLineItems" xlink:to="us-gaap_ScheduleOfCapitalizationLongtermDebtLineItems_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfCapitalizationLongtermDebtTable" xlink:label="us-gaap_ScheduleOfCapitalizationLongtermDebtTable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfCapitalizationLongtermDebtTable_lbl" xml:lang="en-US" id="id_5214848_1277841_1_1">Schedule of Capitalization, Long-term Debt [Table]</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ScheduleOfEquityMethodInvestmentsJointVenturesTable_lbl" xml:lang="en-US" id="id_5214848_1396160_1_1">Schedule Of Equity Method Investments Joint Ventures [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ScheduleOfEquityMethodInvestmentsJointVenturesTable_lbl" xml:lang="en-US" id="id_5214848_1396160_2_1">Schedule Of Equity Method Investments Joint Ventures [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ScheduleOfEquityMethodInvestmentsJointVenturesTable" xlink:to="pld_ScheduleOfEquityMethodInvestmentsJointVenturesTable_lbl"/>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ScheduleOfFutureMinimumRentalPaymentsReceivableForOperatingLeasesTableTextBlock_lbl" xml:lang="en-US" id="id_5214848_1297408_3_1">Schedule of future minimum rental payments receivable for operating leases.</label>
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    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock" xlink:label="us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock"/>
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    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ScheduleOfInterestExpenseTableTextBlock" xlink:label="pld_ScheduleOfInterestExpenseTableTextBlock"/>
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    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfPropertyPlantAndEquipmentTable" xlink:label="us-gaap_ScheduleOfPropertyPlantAndEquipmentTable"/>
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    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ScheduleOfPurchasePriceAllocationsTableTextBlock" xlink:label="pld_ScheduleOfPurchasePriceAllocationsTableTextBlock"/>
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    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfQuarterlyFinancialInformationTableTextBlock" xlink:label="us-gaap_ScheduleOfQuarterlyFinancialInformationTableTextBlock"/>
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    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfRealEstatePropertiesTable" xlink:label="us-gaap_ScheduleOfRealEstatePropertiesTable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfRealEstatePropertiesTable_lbl" xml:lang="en-US" id="id_5214848_1276307_1_1">Schedule of Real Estate Properties [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ScheduleOfRealEstatePropertiesTable_lbl" xml:lang="en-US" id="id_5214848_1276307_2_1">Schedule of Real Estate Properties [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfRealEstatePropertiesTable" xlink:to="us-gaap_ScheduleOfRealEstatePropertiesTable_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfRealEstatePropertiesTableTextBlock" xlink:label="us-gaap_ScheduleOfRealEstatePropertiesTableTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfRealEstatePropertiesTableTextBlock_lbl" xml:lang="en-US" id="id_5214848_1281127_1_1">Schedule of Real Estate Properties [Table Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ScheduleOfRealEstatePropertiesTableTextBlock_lbl" xml:lang="en-US" id="id_5214848_1281127_2_1">Real Estate Assets</label>
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    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable" xlink:label="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_lbl" xml:lang="en-US" id="id_5214848_1274651_1_1">Schedule of Segment Reporting Information, by Segment [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_lbl" xml:lang="en-US" id="id_5214848_1274651_2_1">Schedule of Segment Reporting Information, by Segment [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable" xlink:to="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock" xlink:label="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock_lbl" xml:lang="en-US" id="id_5214848_1274652_1_1">Schedule of Segment Reporting Information, by Segment [Table Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock_lbl" xml:lang="en-US" id="id_5214848_1274652_2_1">Segment Reporting, Reconciliation of Revenues, Operating Income and Assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock" xlink:to="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable" xlink:label="us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_lbl" xml:lang="en-US" id="id_5214848_1271276_1_1">Schedule of Share-based Compensation Arrangements by Share-based Payment Award [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_lbl" xml:lang="en-US" id="id_5214848_1271276_2_1">Schedule of Share-based Compensation Arrangements by Share-based Payment Award [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable" xlink:to="us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock" xlink:label="us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock_lbl" xml:lang="en-US" id="id_5214848_1269652_1_1">Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock_lbl" xml:lang="en-US" id="id_5214848_1269652_2_1">Stock Options Granted Assumptions</label>
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    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ScheduleOfSignificantAccountingPoliciesLineItems" xlink:label="pld_ScheduleOfSignificantAccountingPoliciesLineItems"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ScheduleOfSignificantAccountingPoliciesLineItems_lbl" xml:lang="en-US" id="id_5214848_1383185_3_1">Schedule Of Significant Accounting Policies [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ScheduleOfSignificantAccountingPoliciesLineItems_lbl" xml:lang="en-US" id="id_5214848_1383185_1_1">Schedule Of Significant Accounting Policies [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ScheduleOfSignificantAccountingPoliciesLineItems_lbl" xml:lang="en-US" id="id_5214848_1383185_2_1">Schedule Of Significant Accounting Policies [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ScheduleOfSignificantAccountingPoliciesLineItems" xlink:to="pld_ScheduleOfSignificantAccountingPoliciesLineItems_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ScheduleOfSignificantAccountingPoliciesTable" xlink:label="pld_ScheduleOfSignificantAccountingPoliciesTable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ScheduleOfSignificantAccountingPoliciesTable_lbl" xml:lang="en-US" id="id_5214848_1417279_3_1">Schedule Of Significant Accounting Policies [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ScheduleOfSignificantAccountingPoliciesTable_lbl" xml:lang="en-US" id="id_5214848_1417279_1_1">Schedule Of Significant Accounting Policies [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ScheduleOfSignificantAccountingPoliciesTable_lbl" xml:lang="en-US" id="id_5214848_1417279_2_1">Schedule Of Significant Accounting Policies [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ScheduleOfSignificantAccountingPoliciesTable" xlink:to="pld_ScheduleOfSignificantAccountingPoliciesTable_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfStockByClassTable" xlink:label="us-gaap_ScheduleOfStockByClassTable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfStockByClassTable_lbl" xml:lang="en-US" id="id_5214848_1281133_1_1">Schedule of Stock by Class [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ScheduleOfStockByClassTable_lbl" xml:lang="en-US" id="id_5214848_1281133_2_1">Schedule of Stock by Class [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfStockByClassTable" xlink:to="us-gaap_ScheduleOfStockByClassTable_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ScheduleOfVariableInterestEntitiesForLoansToCommercialBorrowersLineItems" xlink:label="pld_ScheduleOfVariableInterestEntitiesForLoansToCommercialBorrowersLineItems"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ScheduleOfVariableInterestEntitiesForLoansToCommercialBorrowersLineItems_lbl" xml:lang="en-US" id="id_5214848_1507360_3_1">Schedule of Variable Interest Entities for Loans to Commercial Borrowers [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ScheduleOfVariableInterestEntitiesForLoansToCommercialBorrowersLineItems_lbl" xml:lang="en-US" id="id_5214848_1507360_1_1">Schedule of Variable Interest Entities for Loans to Commercial Borrowers [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ScheduleOfVariableInterestEntitiesForLoansToCommercialBorrowersLineItems_lbl" xml:lang="en-US" id="id_5214848_1507360_2_1">Schedule of Variable Interest Entities for Loans to Commercial Borrowers [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ScheduleOfVariableInterestEntitiesForLoansToCommercialBorrowersLineItems" xlink:to="pld_ScheduleOfVariableInterestEntitiesForLoansToCommercialBorrowersLineItems_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ScheduleOfVariableInterestEntitiesForLoansToCommercialBorrowersTable" xlink:label="pld_ScheduleOfVariableInterestEntitiesForLoansToCommercialBorrowersTable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ScheduleOfVariableInterestEntitiesForLoansToCommercialBorrowersTable_lbl" xml:lang="en-US" id="id_5214848_1355312_3_1">Schedule Of Variable Interest Entities For Loans To Commercial Borrowers [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ScheduleOfVariableInterestEntitiesForLoansToCommercialBorrowersTable_lbl" xml:lang="en-US" id="id_5214848_1355312_1_1">Schedule Of Variable Interest Entities For Loans To Commercial Borrowers [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ScheduleOfVariableInterestEntitiesForLoansToCommercialBorrowersTable_lbl" xml:lang="en-US" id="id_5214848_1355312_2_1">Schedule Of Variable Interest Entities For Loans To Commercial Borrowers [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ScheduleOfVariableInterestEntitiesForLoansToCommercialBorrowersTable" xlink:to="pld_ScheduleOfVariableInterestEntitiesForLoansToCommercialBorrowersTable_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ScJohnsonAndSonMember" xlink:label="pld_ScJohnsonAndSonMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ScJohnsonAndSonMember_lbl" xml:lang="en-US" id="id_5214848_1501322_3_1">S C Johnson and son.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ScJohnsonAndSonMember_lbl" xml:lang="en-US" id="id_5214848_1501322_1_1">SC Johnson And Son [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ScJohnsonAndSonMember_lbl" xml:lang="en-US" id="id_5214848_1501322_2_1">S.C. Johnson &amp; Son [Member]</label>
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    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/country/2013/country-2013-01-31.xsd#country_SE" xlink:label="country_SE"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_SE_lbl" xml:lang="en-US" id="id_5214848_1269860_1_1">SWEDEN</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="country_SE_lbl" xml:lang="en-US" id="id_5214848_1269860_2_1">Sweden [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_SE" xlink:to="country_SE_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_SeaCargoCenterNorthMember" xlink:label="pld_SeaCargoCenterNorthMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_SeaCargoCenterNorthMember_lbl" xml:lang="en-US" id="id_5214848_1532694_3_1">Sea Cargo Center North.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_SeaCargoCenterNorthMember_lbl" xml:lang="en-US" id="id_5214848_1532694_1_1">Sea Cargo Center North [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_SeaCargoCenterNorthMember_lbl" xml:lang="en-US" id="id_5214848_1532694_2_1">SEA Cargo Center North [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_SeaCargoCenterNorthMember" xlink:to="pld_SeaCargoCenterNorthMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_SeaCargoCenterSouthMember" xlink:label="pld_SeaCargoCenterSouthMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_SeaCargoCenterSouthMember_lbl" xml:lang="en-US" id="id_5214848_1414954_3_1">SEA Cargo Center South.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_SeaCargoCenterSouthMember_lbl" xml:lang="en-US" id="id_5214848_1414954_1_1">Sea Cargo Center South [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_SeaCargoCenterSouthMember_lbl" xml:lang="en-US" id="id_5214848_1414954_2_1">SEA Cargo Center South [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_SeaCargoCenterSouthMember" xlink:to="pld_SeaCargoCenterSouthMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_SecaucusDistCtrMember" xlink:label="pld_SecaucusDistCtrMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_SecaucusDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1528770_3_1">Secaucus Dist Ctr.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_SecaucusDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1528770_1_1">Secaucus Dist Ctr [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_SecaucusDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1528770_2_1">Secaucus Dist Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_SecaucusDistCtrMember" xlink:to="pld_SecaucusDistCtrMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense" xlink:label="us-gaap_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense_lbl" xml:lang="en-US" id="id_5214848_1286703_1_1">SEC Schedule III, Real Estate Accumulated Depreciation, Depreciation Expense</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense_lbl" xml:lang="en-US" id="id_5214848_1286703_2_1">Depreciation expense</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense" xlink:to="us-gaap_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_SecuredAssessmentBonds" xlink:label="pld_SecuredAssessmentBonds"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_SecuredAssessmentBonds_lbl" xml:lang="en-US" id="id_5214848_1452877_3_1">Secured assessment bonds.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_SecuredAssessmentBonds_lbl" xml:lang="en-US" id="id_5214848_1452877_1_1">Secured Assessment Bonds</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_SecuredAssessmentBonds_lbl" xml:lang="en-US" id="id_5214848_1452877_2_1">Assessment bonds</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_SecuredAssessmentBonds" xlink:to="pld_SecuredAssessmentBonds_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_SecuredDebtConsolidatedInvesteesMember" xlink:label="pld_SecuredDebtConsolidatedInvesteesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_SecuredDebtConsolidatedInvesteesMember_lbl" xml:lang="en-US" id="id_5214848_1437173_3_1">A collateralized debt obligation with a consolidated investee (backed by pledge, mortgage or other lien on the entity's assets).</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_SecuredDebtConsolidatedInvesteesMember_lbl" xml:lang="en-US" id="id_5214848_1437173_1_1">Secured Debt Consolidated Investees [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_SecuredDebtConsolidatedInvesteesMember_lbl" xml:lang="en-US" id="id_5214848_1437173_2_1">Secured Mortgage Debt of Consolidated Entities [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_SecuredDebtConsolidatedInvesteesMember" xlink:to="pld_SecuredDebtConsolidatedInvesteesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SecuredDebtMember" xlink:label="us-gaap_SecuredDebtMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SecuredDebtMember_lbl" xml:lang="en-US" id="id_5214848_1276321_1_1">Secured Debt [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SecuredDebtMember_lbl" xml:lang="en-US" id="id_5214848_1276321_2_1">Secured Mortgage Debt [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SecuredDebtMember" xlink:to="us-gaap_SecuredDebtMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_SecuredMortagageDebtMember" xlink:label="pld_SecuredMortagageDebtMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_SecuredMortagageDebtMember_lbl" xml:lang="en-US" id="id_5214848_1518338_3_1">Secured Mortagage Debt [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_SecuredMortagageDebtMember_lbl" xml:lang="en-US" id="id_5214848_1518338_1_1">Secured Mortagage Debt [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_SecuredMortagageDebtMember_lbl" xml:lang="en-US" id="id_5214848_1518338_2_1">Secured Mortagage Debt [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_SecuredMortagageDebtMember" xlink:to="pld_SecuredMortagageDebtMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_SecuredMortgageDebtOfConsolidatedInvesteesMember" xlink:label="pld_SecuredMortgageDebtOfConsolidatedInvesteesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_SecuredMortgageDebtOfConsolidatedInvesteesMember_lbl" xml:lang="en-US" id="id_5214848_1331278_3_1">Secured mortgage debt of consolidated investees.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_SecuredMortgageDebtOfConsolidatedInvesteesMember_lbl" xml:lang="en-US" id="id_5214848_1331278_1_1">Secured Mortgage Debt Of Consolidated Investees [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_SecuredMortgageDebtOfConsolidatedInvesteesMember_lbl" xml:lang="en-US" id="id_5214848_1331278_2_1">Secured Mortgage Debt [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_SecuredMortgageDebtOfConsolidatedInvesteesMember" xlink:to="pld_SecuredMortgageDebtOfConsolidatedInvesteesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SecurityDepositLiability" xlink:label="us-gaap_SecurityDepositLiability"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SecurityDepositLiability_lbl" xml:lang="en-US" id="id_5214848_1284725_1_1">Security Deposit Liability</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SecurityDepositLiability_lbl" xml:lang="en-US" id="id_5214848_1284725_2_1">Tenant security deposits</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SecurityDepositLiability" xlink:to="us-gaap_SecurityDepositLiability_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentContinuingOperationsMember" xlink:label="us-gaap_SegmentContinuingOperationsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SegmentContinuingOperationsMember_lbl" xml:lang="en-US" id="id_5214848_1269670_1_1">Continuing Operations [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SegmentContinuingOperationsMember_lbl" xml:lang="en-US" id="id_5214848_1269670_2_1">Continuing Operations [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SegmentContinuingOperationsMember" xlink:to="us-gaap_SegmentContinuingOperationsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentDiscontinuedOperationsMember" xlink:label="us-gaap_SegmentDiscontinuedOperationsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SegmentDiscontinuedOperationsMember_lbl" xml:lang="en-US" id="id_5214848_1269671_1_1">Discontinued Operations [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SegmentDiscontinuedOperationsMember_lbl" xml:lang="en-US" id="id_5214848_1269671_2_1">Discontinued Operations [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SegmentDiscontinuedOperationsMember" xlink:to="us-gaap_SegmentDiscontinuedOperationsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentDomain" xlink:label="us-gaap_SegmentDomain"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SegmentDomain_lbl" xml:lang="en-US" id="id_5214848_1281150_1_1">Segments [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SegmentDomain_lbl" xml:lang="en-US" id="id_5214848_1281150_2_1">Segments [Domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SegmentDomain" xlink:to="us-gaap_SegmentDomain_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentGeographicalDomain" xlink:label="us-gaap_SegmentGeographicalDomain"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SegmentGeographicalDomain_lbl" xml:lang="en-US" id="id_5214848_1276336_1_1">Geographical [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SegmentGeographicalDomain_lbl" xml:lang="en-US" id="id_5214848_1276336_2_1">Geographical [Domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SegmentGeographicalDomain" xlink:to="us-gaap_SegmentGeographicalDomain_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentOperatingActivitiesDomain" xlink:label="us-gaap_SegmentOperatingActivitiesDomain"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SegmentOperatingActivitiesDomain_lbl" xml:lang="en-US" id="id_5214848_1277925_1_1">Operating Activities [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SegmentOperatingActivitiesDomain_lbl" xml:lang="en-US" id="id_5214848_1277925_2_1">Operating Activities [Domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SegmentOperatingActivitiesDomain" xlink:to="us-gaap_SegmentOperatingActivitiesDomain_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentReportingAbstract" xlink:label="us-gaap_SegmentReportingAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SegmentReportingAbstract_lbl" xml:lang="en-US" id="id_5214848_1279548_1_1">Segment Reporting [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SegmentReportingAbstract_lbl" xml:lang="en-US" id="id_5214848_1279548_2_1">Segment Reporting [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SegmentReportingAbstract" xlink:to="us-gaap_SegmentReportingAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentReportingDisclosureTextBlock" xlink:label="us-gaap_SegmentReportingDisclosureTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SegmentReportingDisclosureTextBlock_lbl" xml:lang="en-US" id="id_5214848_1271302_1_1">Segment Reporting Disclosure [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SegmentReportingDisclosureTextBlock_lbl" xml:lang="en-US" id="id_5214848_1271302_2_1">Business Segments</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SegmentReportingDisclosureTextBlock" xlink:to="us-gaap_SegmentReportingDisclosureTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentReportingInformationLineItems" xlink:label="us-gaap_SegmentReportingInformationLineItems"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SegmentReportingInformationLineItems_lbl" xml:lang="en-US" id="id_5214848_1273009_1_1">Segment Reporting Information [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SegmentReportingInformationLineItems_lbl" xml:lang="en-US" id="id_5214848_1273009_2_1">Segment Reporting Information [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SegmentReportingInformationLineItems" xlink:to="us-gaap_SegmentReportingInformationLineItems_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_SelectedQuarterlyFinancialDataLineItems" xlink:label="pld_SelectedQuarterlyFinancialDataLineItems"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_SelectedQuarterlyFinancialDataLineItems_lbl" xml:lang="en-US" id="id_5214848_1504721_3_1">Selected quarterly financial data.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_SelectedQuarterlyFinancialDataLineItems_lbl" xml:lang="en-US" id="id_5214848_1504721_1_1">Selected Quarterly Financial Data [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_SelectedQuarterlyFinancialDataLineItems_lbl" xml:lang="en-US" id="id_5214848_1504721_2_1">Selected Quarterly Financial Data [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_SelectedQuarterlyFinancialDataLineItems" xlink:to="pld_SelectedQuarterlyFinancialDataLineItems_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_SelectedQuarterlyFinancialDataTable" xlink:label="pld_SelectedQuarterlyFinancialDataTable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_SelectedQuarterlyFinancialDataTable_lbl" xml:lang="en-US" id="id_5214848_1305281_3_1">Selected quarterly financial data.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_SelectedQuarterlyFinancialDataTable_lbl" xml:lang="en-US" id="id_5214848_1305281_1_1">Selected Quarterly Financial Data [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_SelectedQuarterlyFinancialDataTable_lbl" xml:lang="en-US" id="id_5214848_1305281_2_1">Selected Quarterly Financial Data [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_SelectedQuarterlyFinancialDataTable" xlink:to="pld_SelectedQuarterlyFinancialDataTable_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_SeniorAndOtherConvertibleNotesAndSecuredDebtTable" xlink:label="pld_SeniorAndOtherConvertibleNotesAndSecuredDebtTable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_SeniorAndOtherConvertibleNotesAndSecuredDebtTable_lbl" xml:lang="en-US" id="id_5214848_1368698_3_1">Senior and other convertible notes and secured debt.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_SeniorAndOtherConvertibleNotesAndSecuredDebtTable_lbl" xml:lang="en-US" id="id_5214848_1368698_1_1">Senior And Other Convertible Notes And Secured Debt [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_SeniorAndOtherConvertibleNotesAndSecuredDebtTable_lbl" xml:lang="en-US" id="id_5214848_1368698_2_1">Senior And Other Convertible Notes And Secured Debt [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_SeniorAndOtherConvertibleNotesAndSecuredDebtTable" xlink:to="pld_SeniorAndOtherConvertibleNotesAndSecuredDebtTable_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_SeniorNoteOneMember" xlink:label="pld_SeniorNoteOneMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_SeniorNoteOneMember_lbl" xml:lang="en-US" id="id_5214848_1301990_3_1">Senior Note One [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_SeniorNoteOneMember_lbl" xml:lang="en-US" id="id_5214848_1301990_1_1">Senior Note One [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_SeniorNoteOneMember_lbl" xml:lang="en-US" id="id_5214848_1301990_2_1">Senior Note One [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_SeniorNoteOneMember" xlink:to="pld_SeniorNoteOneMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SeniorNotesMember" xlink:label="us-gaap_SeniorNotesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SeniorNotesMember_lbl" xml:lang="en-US" id="id_5214848_1276340_1_1">Senior Notes [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SeniorNotesMember_lbl" xml:lang="en-US" id="id_5214848_1276340_2_1">Senior Notes [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SeniorNotesMember" xlink:to="us-gaap_SeniorNotesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_SeniorNoteTwoMember" xlink:label="pld_SeniorNoteTwoMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_SeniorNoteTwoMember_lbl" xml:lang="en-US" id="id_5214848_1476280_3_1">Senior Note Two [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_SeniorNoteTwoMember_lbl" xml:lang="en-US" id="id_5214848_1476280_1_1">Senior Note Two [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_SeniorNoteTwoMember_lbl" xml:lang="en-US" id="id_5214848_1476280_2_1">Senior Note Two [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_SeniorNoteTwoMember" xlink:to="pld_SeniorNoteTwoMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_SeredDistributionCenterMember" xlink:label="pld_SeredDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_SeredDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1323565_3_1">Sered distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_SeredDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1323565_1_1">Sered Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_SeredDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1323565_2_1">Sered Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_SeredDistributionCenterMember" xlink:to="pld_SeredDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_SeriesLPreferredStockMember" xlink:label="pld_SeriesLPreferredStockMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_SeriesLPreferredStockMember_lbl" xml:lang="en-US" id="id_5214848_1555460_3_1">Series L preferred stock.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_SeriesLPreferredStockMember_lbl" xml:lang="en-US" id="id_5214848_1555460_1_1">Series L Preferred Stock [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_SeriesLPreferredStockMember_lbl" xml:lang="en-US" id="id_5214848_1555460_2_1">Series L Preferred Stock [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_SeriesLPreferredStockMember" xlink:to="pld_SeriesLPreferredStockMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_SeriesMrsPreferredStockMember" xlink:label="pld_SeriesMrsPreferredStockMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_SeriesMrsPreferredStockMember_lbl" xml:lang="en-US" id="id_5214848_1613217_3_1">Series MRS Preferred Stock [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_SeriesMrsPreferredStockMember_lbl" xml:lang="en-US" id="id_5214848_1613217_1_1">Series MRS Preferred Stock [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_SeriesMrsPreferredStockMember_lbl" xml:lang="en-US" id="id_5214848_1613217_2_1">Series MRS Preferred Stock [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_SeriesMrsPreferredStockMember" xlink:to="pld_SeriesMrsPreferredStockMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_SeriesOPreferredStockMember" xlink:label="pld_SeriesOPreferredStockMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_SeriesOPreferredStockMember_lbl" xml:lang="en-US" id="id_5214848_1327629_3_1">Series O preferred stock.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_SeriesOPreferredStockMember_lbl" xml:lang="en-US" id="id_5214848_1327629_1_1">Series O Preferred Stock [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_SeriesOPreferredStockMember_lbl" xml:lang="en-US" id="id_5214848_1327629_2_1">Series O Preferred Stock [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_SeriesOPreferredStockMember" xlink:to="pld_SeriesOPreferredStockMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_SeriesPPreferredStockMember" xlink:label="pld_SeriesPPreferredStockMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_SeriesPPreferredStockMember_lbl" xml:lang="en-US" id="id_5214848_1352918_3_1">Series P preferred stock.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_SeriesPPreferredStockMember_lbl" xml:lang="en-US" id="id_5214848_1352918_1_1">Series P Preferred Stock [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_SeriesPPreferredStockMember_lbl" xml:lang="en-US" id="id_5214848_1352918_2_1">Series P Preferred Stock [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_SeriesPPreferredStockMember" xlink:to="pld_SeriesPPreferredStockMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_SeriesQPreferredStockMember" xlink:label="pld_SeriesQPreferredStockMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_SeriesQPreferredStockMember_lbl" xml:lang="en-US" id="id_5214848_1419680_3_1">Series Q preferred stock.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_SeriesQPreferredStockMember_lbl" xml:lang="en-US" id="id_5214848_1419680_1_1">Series Q Preferred Stock [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_SeriesQPreferredStockMember_lbl" xml:lang="en-US" id="id_5214848_1419680_2_1">Series Q Preferred Stock [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_SeriesQPreferredStockMember" xlink:to="pld_SeriesQPreferredStockMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ServiceManagementCosts" xlink:label="us-gaap_ServiceManagementCosts"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ServiceManagementCosts_lbl" xml:lang="en-US" id="id_5214848_1286717_1_1">Service Management Costs</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ServiceManagementCosts_lbl" xml:lang="en-US" id="id_5214848_1286717_2_1">Strategic capital expenses</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ServiceManagementCosts" xlink:to="us-gaap_ServiceManagementCosts_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/country/2013/country-2013-01-31.xsd#country_SG" xlink:label="country_SG"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_SG_lbl" xml:lang="en-US" id="id_5214848_1273125_1_1">SINGAPORE</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="country_SG_lbl" xml:lang="en-US" id="id_5214848_1273125_2_1">Singapore [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_SG" xlink:to="country_SG_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ShadelandIndustrialCenterMember" xlink:label="pld_ShadelandIndustrialCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ShadelandIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1544352_3_1">Shadeland industrial center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ShadelandIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1544352_1_1">Shadeland Industrial Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ShadelandIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1544352_2_1">Shadeland Industrial Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ShadelandIndustrialCenterMember" xlink:to="pld_ShadelandIndustrialCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensation" xlink:label="us-gaap_ShareBasedCompensation"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensation_lbl" xml:lang="en-US" id="id_5214848_1288753_1_1">Share-based Compensation</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ShareBasedCompensation_lbl" xml:lang="en-US" id="id_5214848_1288753_2_1">Equity-based compensation awards</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensation" xlink:to="us-gaap_ShareBasedCompensation_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1_lbl" xml:lang="en-US" id="id_5214848_1277943_1_1">Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1_lbl" xml:lang="en-US" id="id_5214848_1277943_2_1">RSUs and LTIP Units vesting period</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateGrantDateFairValue" xlink:label="pld_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateGrantDateFairValue"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateGrantDateFairValue_lbl" xml:lang="en-US" id="id_5214848_1414248_3_1">Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Aggregate Grant Date Fair Value</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateGrantDateFairValue_lbl" xml:lang="en-US" id="id_5214848_1414248_1_1">Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Aggregate Grant Date Fair Value</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateGrantDateFairValue_lbl" xml:lang="en-US" id="id_5214848_1414248_2_1">Aggregate fair value</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateGrantDateFairValue" xlink:to="pld_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateGrantDateFairValue_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue_lbl" xml:lang="en-US" id="id_5214848_1276373_1_1">Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue_lbl" xml:lang="en-US" id="id_5214848_1276373_2_1">Weighted Average Grant-Date Fair Value, Forfeited</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_lbl" xml:lang="en-US" id="id_5214848_1274705_1_1">Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_lbl" xml:lang="en-US" id="id_5214848_1274705_2_1">Amount realized during conversion of prior held shares</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_lbl" xml:lang="en-US" id="id_5214848_1274705_12_1">Granted</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_lbl" xml:lang="en-US" id="id_5214848_1273023_1_1">Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_lbl" xml:lang="en-US" id="id_5214848_1273023_2_1">Weighted Average Grant-Date Fair Value, Granted</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_lbl" xml:lang="en-US" id="id_5214848_1269687_1_1">Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_lbl" xml:lang="en-US" id="id_5214848_1269687_4_1">Weighted Average Grant-Date Fair Value, Ending balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_lbl" xml:lang="en-US" id="id_5214848_1269687_5_1">Weighted Average Grant-Date Fair Value, Beginning balance</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedBeginningOfPeriod" xlink:label="pld_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedBeginningOfPeriod"/>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedBeginningOfPeriod_lbl" xml:lang="en-US" id="id_5214848_1429780_1_1">Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested Beginning Of Period</label>
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    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_lbl" xml:lang="en-US" id="id_5214848_1269692_1_1">Share-based Compensation Arrangement by Share-based Payment Award [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_lbl" xml:lang="en-US" id="id_5214848_1269692_2_1">Share-based Compensation Arrangement by Share-based Payment Award [Line Items]</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant_lbl" xml:lang="en-US" id="id_5214848_1281179_1_1">Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant_lbl" xml:lang="en-US" id="id_5214848_1281179_2_1">Common stock available for future issuance</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice_lbl" xml:lang="en-US" id="id_5214848_1273035_1_1">Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerms_lbl" xml:lang="en-US" id="id_5214848_1487592_1_1">Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Remaining Contractual Terms</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_lbl" xml:lang="en-US" id="id_5214848_1269694_1_1">Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_lbl" xml:lang="en-US" id="id_5214848_1269694_2_1">Shares available to be granted for a single participant</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_lbl" xml:lang="en-US" id="id_5214848_1274685_1_1">Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_lbl" xml:lang="en-US" id="id_5214848_1274685_2_1">Share based compensation award under plan</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_lbl" xml:lang="en-US" id="id_5214848_1285691_1_1">Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_lbl" xml:lang="en-US" id="id_5214848_1281183_1_1">Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsSettledInCash_lbl" xml:lang="en-US" id="id_5214848_1403723_3_1">Share Based Compensation Arrangement By Share Based Payment Award Options Settled In Cash</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsSettledInCash_lbl" xml:lang="en-US" id="id_5214848_1403723_1_1">Share Based Compensation Arrangement By Share Based Payment Award Options Settled In Cash</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsSettledInCash_lbl" xml:lang="en-US" id="id_5214848_1403723_2_1">Total value of awards, settled in cash</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsSettledInCash" xlink:to="pld_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsSettledInCash_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ShareBasedCompensationArrangementByShareBasedPaymentAwardVestingPeriod1" xlink:label="pld_ShareBasedCompensationArrangementByShareBasedPaymentAwardVestingPeriod1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ShareBasedCompensationArrangementByShareBasedPaymentAwardVestingPeriod1_lbl" xml:lang="en-US" id="id_5214848_1429071_3_1">Share Based Compensation Arrangement By Share Based Payment Award Vesting Period1</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ShareBasedCompensationArrangementByShareBasedPaymentAwardVestingPeriod1_lbl" xml:lang="en-US" id="id_5214848_1429071_1_1">Share Based Compensation Arrangement By Share Based Payment Award Vesting Period1</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ShareBasedCompensationArrangementByShareBasedPaymentAwardVestingPeriod1_lbl" xml:lang="en-US" id="id_5214848_1429071_2_1">Vesting period for Restricted Operating Partnership Units</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ShareBasedCompensationArrangementByShareBasedPaymentAwardVestingPeriod1" xlink:to="pld_ShareBasedCompensationArrangementByShareBasedPaymentAwardVestingPeriod1_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ShareBasedCompensationArrangementByShareBasePaymentAwardEquityInstrumentForfeituresInPeriod" xlink:label="pld_ShareBasedCompensationArrangementByShareBasePaymentAwardEquityInstrumentForfeituresInPeriod"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ShareBasedCompensationArrangementByShareBasePaymentAwardEquityInstrumentForfeituresInPeriod_lbl" xml:lang="en-US" id="id_5214848_1300579_3_1">The number of equity instruments that were canceled during the reporting period as a result of an occurrence of a terminating event specified in a contractual agreement pertaining to the equity instrument.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ShareBasedCompensationArrangementByShareBasePaymentAwardEquityInstrumentForfeituresInPeriod_lbl" xml:lang="en-US" id="id_5214848_1300579_1_1">ShareBasedCompensationArrangementByShareBasePaymentAwardEquityInstrumentForfeituresInPeriod</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pld_ShareBasedCompensationArrangementByShareBasePaymentAwardEquityInstrumentForfeituresInPeriod_lbl" xml:lang="en-US" id="id_5214848_1300579_14_1">Forfeited</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ShareBasedCompensationArrangementByShareBasePaymentAwardEquityInstrumentForfeituresInPeriod" xlink:to="pld_ShareBasedCompensationArrangementByShareBasePaymentAwardEquityInstrumentForfeituresInPeriod_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:label="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_lbl" xml:lang="en-US" id="id_5214848_1274697_1_1">Equity Award [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_lbl" xml:lang="en-US" id="id_5214848_1274697_2_1">Equity Award [Domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:to="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ShareholdersEquityLineItems" xlink:label="pld_ShareholdersEquityLineItems"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ShareholdersEquityLineItems_lbl" xml:lang="en-US" id="id_5214848_1292985_3_1">Shareholders Equity [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ShareholdersEquityLineItems_lbl" xml:lang="en-US" id="id_5214848_1292985_1_1">Shareholders Equity [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ShareholdersEquityLineItems_lbl" xml:lang="en-US" id="id_5214848_1292985_2_1">Shareholders Equity [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ShareholdersEquityLineItems" xlink:to="pld_ShareholdersEquityLineItems_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ShareholdersEquityTable" xlink:label="pld_ShareholdersEquityTable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ShareholdersEquityTable_lbl" xml:lang="en-US" id="id_5214848_1410859_3_1">Shareholders Equity [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ShareholdersEquityTable_lbl" xml:lang="en-US" id="id_5214848_1410859_1_1">Shareholders Equity [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ShareholdersEquityTable_lbl" xml:lang="en-US" id="id_5214848_1410859_2_1">Shareholders Equity [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ShareholdersEquityTable" xlink:to="pld_ShareholdersEquityTable_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SharePrice" xlink:label="us-gaap_SharePrice"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SharePrice_lbl" xml:lang="en-US" id="id_5214848_1273051_1_1">Share Price</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SharePrice_lbl" xml:lang="en-US" id="id_5214848_1273051_2_1">Closing price of common stock</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_SharePrice_lbl" xml:lang="en-US" id="id_5214848_1273051_12_1">Share Price</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SharePrice" xlink:to="us-gaap_SharePrice_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_SharesAuthorizedToBeIssued" xlink:label="pld_SharesAuthorizedToBeIssued"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_SharesAuthorizedToBeIssued_lbl" xml:lang="en-US" id="id_5214848_1352672_3_1">Shares authorized to be issued.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_SharesAuthorizedToBeIssued_lbl" xml:lang="en-US" id="id_5214848_1352672_1_1">Shares Authorized To Be Issued</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_SharesAuthorizedToBeIssued_lbl" xml:lang="en-US" id="id_5214848_1352672_2_1">Common stock shares authorized to be issued</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_SharesAuthorizedToBeIssued" xlink:to="pld_SharesAuthorizedToBeIssued_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_SharesissuedAxis" xlink:label="pld_SharesissuedAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_SharesissuedAxis_lbl" xml:lang="en-US" id="id_5214848_1602508_3_1">Sharesissued [Axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_SharesissuedAxis_lbl" xml:lang="en-US" id="id_5214848_1602508_1_1">Sharesissued [Axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_SharesissuedAxis_lbl" xml:lang="en-US" id="id_5214848_1602508_2_1">Sharesissued [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_SharesissuedAxis" xlink:to="pld_SharesissuedAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_SharesissuedDomain" xlink:label="pld_SharesissuedDomain"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_SharesissuedDomain_lbl" xml:lang="en-US" id="id_5214848_1602509_3_1">Sharesissued [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_SharesissuedDomain_lbl" xml:lang="en-US" id="id_5214848_1602509_1_1">Sharesissued [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_SharesissuedDomain_lbl" xml:lang="en-US" id="id_5214848_1602509_2_1">Sharesissued [Domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_SharesissuedDomain" xlink:to="pld_SharesissuedDomain_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_SharonvilleDistributionCenterMember" xlink:label="pld_SharonvilleDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_SharonvilleDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1333279_3_1">Sharonville distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_SharonvilleDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1333279_1_1">Sharonville Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_SharonvilleDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1333279_2_1">Sharonville Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_SharonvilleDistributionCenterMember" xlink:to="pld_SharonvilleDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ShorelineBusinessCenterMember" xlink:label="pld_ShorelineBusinessCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ShorelineBusinessCenterMember_lbl" xml:lang="en-US" id="id_5214848_1449591_3_1">Shoreline business center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ShorelineBusinessCenterMember_lbl" xml:lang="en-US" id="id_5214848_1449591_1_1">Shoreline Business Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ShorelineBusinessCenterMember_lbl" xml:lang="en-US" id="id_5214848_1449591_2_1">Shoreline Business Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ShorelineBusinessCenterMember" xlink:to="pld_ShorelineBusinessCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SignificantAccountingPoliciesTextBlock" xlink:label="us-gaap_SignificantAccountingPoliciesTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SignificantAccountingPoliciesTextBlock_lbl" xml:lang="en-US" id="id_5214848_1277972_1_1">Significant Accounting Policies [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SignificantAccountingPoliciesTextBlock_lbl" xml:lang="en-US" id="id_5214848_1277972_2_1">Summary of Significant Accounting Policies</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SignificantAccountingPoliciesTextBlock" xlink:to="us-gaap_SignificantAccountingPoliciesTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_SiliconValleyRAndDMember" xlink:label="pld_SiliconValleyRAndDMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_SiliconValleyRAndDMember_lbl" xml:lang="en-US" id="id_5214848_1474933_3_1">Silicon Valley R And D.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_SiliconValleyRAndDMember_lbl" xml:lang="en-US" id="id_5214848_1474933_1_1">Silicon Valley R And D [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_SiliconValleyRAndDMember_lbl" xml:lang="en-US" id="id_5214848_1474933_2_1">Silicon Valley R and D [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_SiliconValleyRAndDMember" xlink:to="pld_SiliconValleyRAndDMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_SingaporeAirportLogistCtrTwoMember" xlink:label="pld_SingaporeAirportLogistCtrTwoMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_SingaporeAirportLogistCtrTwoMember_lbl" xml:lang="en-US" id="id_5214848_1506655_3_1">Singapore Airport Logist Ctr 2.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_SingaporeAirportLogistCtrTwoMember_lbl" xml:lang="en-US" id="id_5214848_1506655_1_1">Singapore Airport Logist Ctr Two [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_SingaporeAirportLogistCtrTwoMember_lbl" xml:lang="en-US" id="id_5214848_1506655_2_1">Singapore Airport Logist Ctr 2 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_SingaporeAirportLogistCtrTwoMember" xlink:to="pld_SingaporeAirportLogistCtrTwoMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_SirvetDistributionMember" xlink:label="pld_SirvetDistributionMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_SirvetDistributionMember_lbl" xml:lang="en-US" id="id_5214848_1367329_3_1">Sirvet Distribution [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_SirvetDistributionMember_lbl" xml:lang="en-US" id="id_5214848_1367329_1_1">Sirvet Distribution [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_SirvetDistributionMember_lbl" xml:lang="en-US" id="id_5214848_1367329_2_1">Sivert Distribution [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_SirvetDistributionMember" xlink:to="pld_SirvetDistributionMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_SizianoLogisParkMember" xlink:label="pld_SizianoLogisParkMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_SizianoLogisParkMember_lbl" xml:lang="en-US" id="id_5214848_1322072_3_1">Siziano Logis Park.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_SizianoLogisParkMember_lbl" xml:lang="en-US" id="id_5214848_1322072_1_1">Siziano Logis Park [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_SizianoLogisParkMember_lbl" xml:lang="en-US" id="id_5214848_1322072_2_1">Siziano Logis Park [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_SizianoLogisParkMember" xlink:to="pld_SizianoLogisParkMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/country/2013/country-2013-01-31.xsd#country_SK" xlink:label="country_SK"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_SK_lbl" xml:lang="en-US" id="id_5214848_1281298_1_1">SLOVAKIA</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="country_SK_lbl" xml:lang="en-US" id="id_5214848_1281298_2_1">Slovakia [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_SK" xlink:to="country_SK_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_SkylandCrossdockMember" xlink:label="pld_SkylandCrossdockMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_SkylandCrossdockMember_lbl" xml:lang="en-US" id="id_5214848_1444124_3_1">Skyland Crossdock [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_SkylandCrossdockMember_lbl" xml:lang="en-US" id="id_5214848_1444124_1_1">Skyland Crossdock [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_SkylandCrossdockMember_lbl" xml:lang="en-US" id="id_5214848_1444124_2_1">Skyland Crossdock [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_SkylandCrossdockMember" xlink:to="pld_SkylandCrossdockMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_SochaczewDistributionCenterMember" xlink:label="pld_SochaczewDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_SochaczewDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1305910_3_1">Sochaczew distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_SochaczewDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1305910_1_1">Sochaczew Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_SochaczewDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1305910_2_1">Sochaczew Distribution Center. [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_SochaczewDistributionCenterMember" xlink:to="pld_SochaczewDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_SouthBayBrokawMember" xlink:label="pld_SouthBayBrokawMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_SouthBayBrokawMember_lbl" xml:lang="en-US" id="id_5214848_1477145_3_1">South Bay Brokaw.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_SouthBayBrokawMember_lbl" xml:lang="en-US" id="id_5214848_1477145_1_1">South Bay Brokaw [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_SouthBayBrokawMember_lbl" xml:lang="en-US" id="id_5214848_1477145_2_1">South Bay Brokaw [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_SouthBayBrokawMember" xlink:to="pld_SouthBayBrokawMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_SouthBayDistributionCenterMember" xlink:label="pld_SouthBayDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_SouthBayDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1339755_3_1">South bay distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_SouthBayDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1339755_1_1">South Bay Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_SouthBayDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1339755_2_1">South Bay Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_SouthBayDistributionCenterMember" xlink:to="pld_SouthBayDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_SouthBayJunctionMember" xlink:label="pld_SouthBayJunctionMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_SouthBayJunctionMember_lbl" xml:lang="en-US" id="id_5214848_1515512_3_1">South Bay Junction.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_SouthBayJunctionMember_lbl" xml:lang="en-US" id="id_5214848_1515512_1_1">South Bay Junction [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_SouthBayJunctionMember_lbl" xml:lang="en-US" id="id_5214848_1515512_2_1">South Bay Junction [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_SouthBayJunctionMember" xlink:to="pld_SouthBayJunctionMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_SouthBayLundyMember" xlink:label="pld_SouthBayLundyMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_SouthBayLundyMember_lbl" xml:lang="en-US" id="id_5214848_1391079_3_1">South Bay Lundy.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_SouthBayLundyMember_lbl" xml:lang="en-US" id="id_5214848_1391079_1_1">South Bay Lundy [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_SouthBayLundyMember_lbl" xml:lang="en-US" id="id_5214848_1391079_2_1">South Bay Lundy [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_SouthBayLundyMember" xlink:to="pld_SouthBayLundyMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_SouthernCaliforniaMember" xlink:label="pld_SouthernCaliforniaMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_SouthernCaliforniaMember_lbl" xml:lang="en-US" id="id_5214848_1519926_3_1">Southern California [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_SouthernCaliforniaMember_lbl" xml:lang="en-US" id="id_5214848_1519926_1_1">Southern California [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_SouthernCaliforniaMember_lbl" xml:lang="en-US" id="id_5214848_1519926_2_1">Southern California [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_SouthernCaliforniaMember" xlink:to="pld_SouthernCaliforniaMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_SouthfieldKrdcIndustrialSgMember" xlink:label="pld_SouthfieldKrdcIndustrialSgMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_SouthfieldKrdcIndustrialSgMember_lbl" xml:lang="en-US" id="id_5214848_1522233_3_1">Southfield KRDC Industrial SG [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_SouthfieldKrdcIndustrialSgMember_lbl" xml:lang="en-US" id="id_5214848_1522233_1_1">Southfield KRDC Industrial Sg [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_SouthfieldKrdcIndustrialSgMember_lbl" xml:lang="en-US" id="id_5214848_1522233_2_1">Southfield KRDC Industrial SG [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_SouthfieldKrdcIndustrialSgMember" xlink:to="pld_SouthfieldKrdcIndustrialSgMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_SouthFloridaMember" xlink:label="pld_SouthFloridaMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_SouthFloridaMember_lbl" xml:lang="en-US" id="id_5214848_1473392_3_1">South Florida.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_SouthFloridaMember_lbl" xml:lang="en-US" id="id_5214848_1473392_1_1">South Florida [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_SouthFloridaMember_lbl" xml:lang="en-US" id="id_5214848_1473392_2_1">South Florida [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_SouthFloridaMember" xlink:to="pld_SouthFloridaMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_SouthJerseyDistributionCenterMember" xlink:label="pld_SouthJerseyDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_SouthJerseyDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1343362_3_1">South Jersey Distribution Center Member.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_SouthJerseyDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1343362_1_1">South Jersey Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_SouthJerseyDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1343362_2_1">South Jersey Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_SouthJerseyDistributionCenterMember" xlink:to="pld_SouthJerseyDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_SouthlandDistributionCenterMember" xlink:label="pld_SouthlandDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_SouthlandDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1335678_3_1">Southland distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_SouthlandDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1335678_1_1">Southland Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_SouthlandDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1335678_2_1">Southland Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_SouthlandDistributionCenterMember" xlink:to="pld_SouthlandDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_SouthLoopDistributionCenterMember" xlink:label="pld_SouthLoopDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_SouthLoopDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1401682_3_1">South loop distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_SouthLoopDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1401682_1_1">South Loop Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_SouthLoopDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1401682_2_1">South Loop Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_SouthLoopDistributionCenterMember" xlink:to="pld_SouthLoopDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_SouthparkCorporateCenterMember" xlink:label="pld_SouthparkCorporateCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_SouthparkCorporateCenterMember_lbl" xml:lang="en-US" id="id_5214848_1609642_3_1">Southpark Corporate Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_SouthparkCorporateCenterMember_lbl" xml:lang="en-US" id="id_5214848_1609642_1_1">Southpark Corporate Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_SouthparkCorporateCenterMember_lbl" xml:lang="en-US" id="id_5214848_1609642_2_1">Southpark Corporate Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_SouthparkCorporateCenterMember" xlink:to="pld_SouthparkCorporateCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_SouthParkDistributionCenterMember" xlink:label="pld_SouthParkDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_SouthParkDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1350806_3_1">South park distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_SouthParkDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1350806_1_1">South Park Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_SouthParkDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1350806_2_1">Southpark Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_SouthParkDistributionCenterMember" xlink:to="pld_SouthParkDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_SouthshoreCorporateCenterMember" xlink:label="pld_SouthshoreCorporateCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_SouthshoreCorporateCenterMember_lbl" xml:lang="en-US" id="id_5214848_1553977_3_1">Southshore corporate center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_SouthshoreCorporateCenterMember_lbl" xml:lang="en-US" id="id_5214848_1553977_1_1">Southshore Corporate Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_SouthshoreCorporateCenterMember_lbl" xml:lang="en-US" id="id_5214848_1553977_2_1">Southshore Corporate Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_SouthshoreCorporateCenterMember" xlink:to="pld_SouthshoreCorporateCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_SouthsideDistributionCenterMember" xlink:label="pld_SouthsideDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_SouthsideDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1338139_3_1">Southside Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_SouthsideDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1338139_1_1">Southside Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_SouthsideDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1338139_2_1">Southside Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_SouthsideDistributionCenterMember" xlink:to="pld_SouthsideDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_SpinnakerBusinessCenterMember" xlink:label="pld_SpinnakerBusinessCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_SpinnakerBusinessCenterMember_lbl" xml:lang="en-US" id="id_5214848_1306720_3_1">Spinnaker business center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_SpinnakerBusinessCenterMember_lbl" xml:lang="en-US" id="id_5214848_1306720_1_1">Spinnaker Business Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_SpinnakerBusinessCenterMember_lbl" xml:lang="en-US" id="id_5214848_1306720_2_1">Spinnaker Business Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_SpinnakerBusinessCenterMember" xlink:to="pld_SpinnakerBusinessCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_StandardTenantImprovementsMember" xlink:label="pld_StandardTenantImprovementsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_StandardTenantImprovementsMember_lbl" xml:lang="en-US" id="id_5214848_1432976_3_1">Standard tenant improvements.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_StandardTenantImprovementsMember_lbl" xml:lang="en-US" id="id_5214848_1432976_1_1">Standard Tenant Improvements [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_StandardTenantImprovementsMember_lbl" xml:lang="en-US" id="id_5214848_1432976_2_1">Standard Tenant Improvements [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_StandardTenantImprovementsMember" xlink:to="pld_StandardTenantImprovementsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_StapletonBusCtrNorthMember" xlink:label="pld_StapletonBusCtrNorthMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_StapletonBusCtrNorthMember_lbl" xml:lang="en-US" id="id_5214848_1298502_3_1">Stapleton Bus Ctr North [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_StapletonBusCtrNorthMember_lbl" xml:lang="en-US" id="id_5214848_1298502_1_1">Stapleton Bus Ctr North [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_StapletonBusCtrNorthMember_lbl" xml:lang="en-US" id="id_5214848_1298502_2_1">Stapleton Bus Ctr North [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_StapletonBusCtrNorthMember" xlink:to="pld_StapletonBusCtrNorthMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_StapletonBusinessCenterMember" xlink:label="pld_StapletonBusinessCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_StapletonBusinessCenterMember_lbl" xml:lang="en-US" id="id_5214848_1562646_3_1">Stapleton business center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_StapletonBusinessCenterMember_lbl" xml:lang="en-US" id="id_5214848_1562646_1_1">Stapleton Business Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_StapletonBusinessCenterMember_lbl" xml:lang="en-US" id="id_5214848_1562646_2_1">Stapleton Business Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_StapletonBusinessCenterMember" xlink:to="pld_StapletonBusinessCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_StarboardDistributionCtrMember" xlink:label="pld_StarboardDistributionCtrMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_StarboardDistributionCtrMember_lbl" xml:lang="en-US" id="id_5214848_1372565_3_1">Starboard Distribution Ctr.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_StarboardDistributionCtrMember_lbl" xml:lang="en-US" id="id_5214848_1372565_1_1">Starboard Distribution Ctr [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_StarboardDistributionCtrMember_lbl" xml:lang="en-US" id="id_5214848_1372565_2_1">Starboard Distribution Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_StarboardDistributionCtrMember" xlink:to="pld_StarboardDistributionCtrMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_StatelineParkMember" xlink:label="pld_StatelineParkMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_StatelineParkMember_lbl" xml:lang="en-US" id="id_5214848_1609666_3_1">Stateline Park [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_StatelineParkMember_lbl" xml:lang="en-US" id="id_5214848_1609666_1_1">Stateline Park [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_StatelineParkMember_lbl" xml:lang="en-US" id="id_5214848_1609666_2_1">Stateline Park [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_StatelineParkMember" xlink:to="pld_StatelineParkMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementBusinessSegmentsAxis" xlink:label="us-gaap_StatementBusinessSegmentsAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementBusinessSegmentsAxis_lbl" xml:lang="en-US" id="id_5214848_1276399_1_1">Segments [Axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_StatementBusinessSegmentsAxis_lbl" xml:lang="en-US" id="id_5214848_1276399_2_1">Segments [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementBusinessSegmentsAxis" xlink:to="us-gaap_StatementBusinessSegmentsAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementClassOfStockAxis" xlink:label="us-gaap_StatementClassOfStockAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementClassOfStockAxis_lbl" xml:lang="en-US" id="id_5214848_1276400_1_1">Class of Stock [Axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_StatementClassOfStockAxis_lbl" xml:lang="en-US" id="id_5214848_1276400_2_1">Class of Stock [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementClassOfStockAxis" xlink:to="us-gaap_StatementClassOfStockAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementEquityComponentsAxis" xlink:label="us-gaap_StatementEquityComponentsAxis"/>
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    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementOfPartnersCapitalAbstract" xlink:label="us-gaap_StatementOfPartnersCapitalAbstract"/>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementOfStockholdersEquityAbstract_lbl" xml:lang="en-US" id="id_5214848_1281215_1_1">Statement of Stockholders' Equity [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_StatementOfStockholdersEquityAbstract_lbl" xml:lang="en-US" id="id_5214848_1281215_2_1">Statement of Stockholders' Equity [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementOfStockholdersEquityAbstract" xlink:to="us-gaap_StatementOfStockholdersEquityAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementOperatingActivitiesSegmentAxis" xlink:label="us-gaap_StatementOperatingActivitiesSegmentAxis"/>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementTable" xlink:to="us-gaap_StatementTable_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_StemmonsDistributionCenterMember" xlink:label="pld_StemmonsDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_StemmonsDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1354430_3_1">Stemmons distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_StemmonsDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1354430_1_1">Stemmons Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_StemmonsDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1354430_2_1">Stemmons Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_StemmonsDistributionCenterMember" xlink:to="pld_StemmonsDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_StemmonsIndustrialCenterMember" xlink:label="pld_StemmonsIndustrialCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_StemmonsIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1424933_3_1">Stemmons industrial center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_StemmonsIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1424933_1_1">Stemmons Industrial Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_StemmonsIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1424933_2_1">Stemmons Industrial Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_StemmonsIndustrialCenterMember" xlink:to="pld_StemmonsIndustrialCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_StLouisMissouriMember" xlink:label="pld_StLouisMissouriMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_StLouisMissouriMember_lbl" xml:lang="en-US" id="id_5214848_1367974_3_1">St Louis Missouri [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_StLouisMissouriMember_lbl" xml:lang="en-US" id="id_5214848_1367974_1_1">St Louis Missouri [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_StLouisMissouriMember_lbl" xml:lang="en-US" id="id_5214848_1367974_2_1">St Louis Missouri [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_StLouisMissouriMember" xlink:to="pld_StLouisMissouriMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockholdersEquity" xlink:label="us-gaap_StockholdersEquity"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockholdersEquity_lbl" xml:lang="en-US" id="id_5214848_1283431_1_1">Stockholders' Equity Attributable to Parent</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_StockholdersEquity_lbl" xml:lang="en-US" id="id_5214848_1283431_6_1">Total Prologis, Inc. stockholders' equity</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquity" xlink:to="us-gaap_StockholdersEquity_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockholdersEquityAbstract" xlink:label="us-gaap_StockholdersEquityAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockholdersEquityAbstract_lbl" xml:lang="en-US" id="id_5214848_1276413_1_1">Stockholders' Equity Attributable to Parent [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_StockholdersEquityAbstract_lbl" xml:lang="en-US" id="id_5214848_1276413_2_1">Prologis, Inc. stockholders' equity:</label>
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    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:label="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_lbl" xml:lang="en-US" id="id_5214848_1281595_1_1">Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_lbl" xml:lang="en-US" id="id_5214848_1281595_4_1">Balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_lbl" xml:lang="en-US" id="id_5214848_1281595_5_1">Balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_lbl" xml:lang="en-US" id="id_5214848_1281595_6_1">Total equity</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:to="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockholdersEquityNoteDisclosureTextBlock" xlink:label="us-gaap_StockholdersEquityNoteDisclosureTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockholdersEquityNoteDisclosureTextBlock_lbl" xml:lang="en-US" id="id_5214848_1276414_1_1">Stockholders' Equity Note Disclosure [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_StockholdersEquityNoteDisclosureTextBlock_lbl" xml:lang="en-US" id="id_5214848_1276414_2_1">Stockholders' Equity of Prologis, Inc.</label>
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    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesConversionOfUnits" xlink:label="us-gaap_StockIssuedDuringPeriodSharesConversionOfUnits"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockIssuedDuringPeriodSharesConversionOfUnits_lbl" xml:lang="en-US" id="id_5214848_1271370_1_1">Stock Issued During Period, Shares, Conversion of Units</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_StockIssuedDuringPeriodSharesConversionOfUnits_lbl" xml:lang="en-US" id="id_5214848_1271370_2_1">Noncontrolling interests, issuances (conversions), net, Shares</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_StockIssuedDuringPeriodSharesConversionOfUnits_lbl" xml:lang="en-US" id="id_5214848_1271370_12_1">Noncontrolling interests, issuances (conversions), net, Units</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodSharesConversionOfUnits" xlink:to="us-gaap_StockIssuedDuringPeriodSharesConversionOfUnits_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_StockIssuedDuringPeriodSharesExerciseOfWarrants" xlink:label="pld_StockIssuedDuringPeriodSharesExerciseOfWarrants"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_StockIssuedDuringPeriodSharesExerciseOfWarrants_lbl" xml:lang="en-US" id="id_5214848_1436764_3_1">Stock Issued During Period Shares Exercise Of Warrants</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_StockIssuedDuringPeriodSharesExerciseOfWarrants_lbl" xml:lang="en-US" id="id_5214848_1436764_1_1">Stock Issued During Period Shares Exercise Of Warrants</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_StockIssuedDuringPeriodSharesExerciseOfWarrants_lbl" xml:lang="en-US" id="id_5214848_1436764_2_1">Issuance of stock from exercise of warrants, shares</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="pld_StockIssuedDuringPeriodSharesExerciseOfWarrants_lbl" xml:lang="en-US" id="id_5214848_1436764_12_1">Shares issued upon exercise of warrant</label>
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    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_StockIssuedDuringPeriodSharesExerciseOfWarrantShares" xlink:label="pld_StockIssuedDuringPeriodSharesExerciseOfWarrantShares"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_StockIssuedDuringPeriodSharesExerciseOfWarrantShares_lbl" xml:lang="en-US" id="id_5214848_1397524_3_1">Stock Issued During Period Shares Exercise Of Warrant Shares</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_StockIssuedDuringPeriodSharesExerciseOfWarrantShares_lbl" xml:lang="en-US" id="id_5214848_1397524_1_1">Stock Issued During Period Shares Exercise Of Warrant Shares</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_StockIssuedDuringPeriodSharesExerciseOfWarrantShares_lbl" xml:lang="en-US" id="id_5214848_1397524_2_1">Shares issued upon exercise of warrants</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_StockIssuedDuringPeriodSharesExerciseOfWarrantShares" xlink:to="pld_StockIssuedDuringPeriodSharesExerciseOfWarrantShares_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesNewIssues" xlink:label="us-gaap_StockIssuedDuringPeriodSharesNewIssues"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockIssuedDuringPeriodSharesNewIssues_lbl" xml:lang="en-US" id="id_5214848_1274739_1_1">Stock Issued During Period, Shares, New Issues</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_StockIssuedDuringPeriodSharesNewIssues_lbl" xml:lang="en-US" id="id_5214848_1274739_2_1">Common stock, Shares Issued</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_StockIssuedDuringPeriodSharesNewIssues_lbl" xml:lang="en-US" id="id_5214848_1274739_12_1">Issuance of stock in equity offering, net of issuance costs, shares</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodSharesNewIssues" xlink:to="us-gaap_StockIssuedDuringPeriodSharesNewIssues_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation" xlink:label="us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation_lbl" xml:lang="en-US" id="id_5214848_1274741_1_1">Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation_lbl" xml:lang="en-US" id="id_5214848_1274741_2_1">Effect of equity compensation plans, Shares</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation" xlink:to="us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueConversionOfUnits" xlink:label="us-gaap_StockIssuedDuringPeriodValueConversionOfUnits"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockIssuedDuringPeriodValueConversionOfUnits_lbl" xml:lang="en-US" id="id_5214848_1281591_1_1">Stock Issued During Period, Value, Conversion of Units</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_StockIssuedDuringPeriodValueConversionOfUnits_lbl" xml:lang="en-US" id="id_5214848_1281591_2_1">Noncontrolling interests, issuances (conversions), net</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodValueConversionOfUnits" xlink:to="us-gaap_StockIssuedDuringPeriodValueConversionOfUnits_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_StockIssuedDuringPeriodValueExerciseOfWarrants" xlink:label="pld_StockIssuedDuringPeriodValueExerciseOfWarrants"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_StockIssuedDuringPeriodValueExerciseOfWarrants_lbl" xml:lang="en-US" id="id_5214848_1454389_3_1">Stock Issued During Period Value Exercise Of Warrants</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_StockIssuedDuringPeriodValueExerciseOfWarrants_lbl" xml:lang="en-US" id="id_5214848_1454389_1_1">Stock Issued During Period Value Exercise Of Warrants</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_StockIssuedDuringPeriodValueExerciseOfWarrants_lbl" xml:lang="en-US" id="id_5214848_1454389_2_1">Issuance of stock from exercise of warrant</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_StockIssuedDuringPeriodValueExerciseOfWarrants" xlink:to="pld_StockIssuedDuringPeriodValueExerciseOfWarrants_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueNewIssues" xlink:label="us-gaap_StockIssuedDuringPeriodValueNewIssues"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockIssuedDuringPeriodValueNewIssues_lbl" xml:lang="en-US" id="id_5214848_1281592_1_1">Stock Issued During Period, Value, New Issues</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_StockIssuedDuringPeriodValueNewIssues_lbl" xml:lang="en-US" id="id_5214848_1281592_2_1">Issuance of stock in equity offering, net of issuance costs</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodValueNewIssues" xlink:to="us-gaap_StockIssuedDuringPeriodValueNewIssues_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation" xlink:label="us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation_lbl" xml:lang="en-US" id="id_5214848_1282086_1_1">Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation_lbl" xml:lang="en-US" id="id_5214848_1282086_2_1">Effect of equity compensation plans</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation" xlink:to="us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockRedeemedOrCalledDuringPeriodShares" xlink:label="us-gaap_StockRedeemedOrCalledDuringPeriodShares"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockRedeemedOrCalledDuringPeriodShares_lbl" xml:lang="en-US" id="id_5214848_1281226_1_1">Stock Redeemed or Called During Period, Shares</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_StockRedeemedOrCalledDuringPeriodShares_lbl" xml:lang="en-US" id="id_5214848_1281226_14_1">Redemption of preferred units, units</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockRedeemedOrCalledDuringPeriodShares" xlink:to="us-gaap_StockRedeemedOrCalledDuringPeriodShares_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockRedeemedOrCalledDuringPeriodValue" xlink:label="us-gaap_StockRedeemedOrCalledDuringPeriodValue"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockRedeemedOrCalledDuringPeriodValue_lbl" xml:lang="en-US" id="id_5214848_1289268_1_1">Stock Redeemed or Called During Period, Value</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_StockRedeemedOrCalledDuringPeriodValue_lbl" xml:lang="en-US" id="id_5214848_1289268_14_1">Redemption of preferred stock</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="us-gaap_StockRedeemedOrCalledDuringPeriodValue_lbl" xml:lang="en-US" id="id_5214848_1289268_18_1">Redemption of preferred units</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockRedeemedOrCalledDuringPeriodValue" xlink:to="us-gaap_StockRedeemedOrCalledDuringPeriodValue_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StraightLineRent" xlink:label="us-gaap_StraightLineRent"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StraightLineRent_lbl" xml:lang="en-US" id="id_5214848_1283004_1_1">Straight Line Rent</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_StraightLineRent_lbl" xml:lang="en-US" id="id_5214848_1283004_14_1">Straight-lined rents</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StraightLineRent" xlink:to="us-gaap_StraightLineRent_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SubsequentEventMember" xlink:label="us-gaap_SubsequentEventMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SubsequentEventMember_lbl" xml:lang="en-US" id="id_5214848_1273350_1_1">Subsequent Event [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SubsequentEventMember_lbl" xml:lang="en-US" id="id_5214848_1273350_2_1">Subsequent Event [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SubsequentEventMember" xlink:to="us-gaap_SubsequentEventMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SubsequentEventTypeAxis" xlink:label="us-gaap_SubsequentEventTypeAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SubsequentEventTypeAxis_lbl" xml:lang="en-US" id="id_5214848_1271378_1_1">Subsequent Event Type [Axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SubsequentEventTypeAxis_lbl" xml:lang="en-US" id="id_5214848_1271378_2_1">Subsequent Event Type [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SubsequentEventTypeAxis" xlink:to="us-gaap_SubsequentEventTypeAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SubsequentEventTypeDomain" xlink:label="us-gaap_SubsequentEventTypeDomain"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SubsequentEventTypeDomain_lbl" xml:lang="en-US" id="id_5214848_1276407_1_1">Subsequent Event Type [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SubsequentEventTypeDomain_lbl" xml:lang="en-US" id="id_5214848_1276407_2_1">Subsequent Event Type [Domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SubsequentEventTypeDomain" xlink:to="us-gaap_SubsequentEventTypeDomain_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SubsidiaryOrEquityMethodInvesteeDeferredIncomeTaxProvisionOnCumulativeGainLossRecognizedAmount" xlink:label="us-gaap_SubsidiaryOrEquityMethodInvesteeDeferredIncomeTaxProvisionOnCumulativeGainLossRecognizedAmount"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SubsidiaryOrEquityMethodInvesteeDeferredIncomeTaxProvisionOnCumulativeGainLossRecognizedAmount_lbl" xml:lang="en-US" id="id_5214848_1288762_1_1">Subsidiary or Equity Method Investee, Deferred Income Tax Provision on Gain (Loss) Recognized, Amount</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SubsidiaryOrEquityMethodInvesteeDeferredIncomeTaxProvisionOnCumulativeGainLossRecognizedAmount_lbl" xml:lang="en-US" id="id_5214848_1288762_2_1">Deferred tax benefit recognized on disposition of investments in real estate</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SubsidiaryOrEquityMethodInvesteeDeferredIncomeTaxProvisionOnCumulativeGainLossRecognizedAmount" xlink:to="us-gaap_SubsidiaryOrEquityMethodInvesteeDeferredIncomeTaxProvisionOnCumulativeGainLossRecognizedAmount_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_SugarlandCorpCtrMember" xlink:label="pld_SugarlandCorpCtrMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_SugarlandCorpCtrMember_lbl" xml:lang="en-US" id="id_5214848_1609661_3_1">Sugarland Corp Ctr [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_SugarlandCorpCtrMember_lbl" xml:lang="en-US" id="id_5214848_1609661_1_1">Sugarland Corp Ctr [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_SugarlandCorpCtrMember_lbl" xml:lang="en-US" id="id_5214848_1609661_2_1">Sugarland Corp Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_SugarlandCorpCtrMember" xlink:to="pld_SugarlandCorpCtrMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_SummaryOfComputationOfBasicAndDilutedEarningsPerShareLineItems" xlink:label="pld_SummaryOfComputationOfBasicAndDilutedEarningsPerShareLineItems"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_SummaryOfComputationOfBasicAndDilutedEarningsPerShareLineItems_lbl" xml:lang="en-US" id="id_5214848_1442509_3_1">Summary of computation of basic and diluted earnings per share.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_SummaryOfComputationOfBasicAndDilutedEarningsPerShareLineItems_lbl" xml:lang="en-US" id="id_5214848_1442509_1_1">Summary Of Computation Of Basic And Diluted Earnings Per Share [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_SummaryOfComputationOfBasicAndDilutedEarningsPerShareLineItems_lbl" xml:lang="en-US" id="id_5214848_1442509_2_1">Summary Of Computation Of Basic And Diluted Earnings Per Share [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_SummaryOfComputationOfBasicAndDilutedEarningsPerShareLineItems" xlink:to="pld_SummaryOfComputationOfBasicAndDilutedEarningsPerShareLineItems_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_SummaryOfComputationOfBasicAndDilutedEarningsPerShareTable" xlink:label="pld_SummaryOfComputationOfBasicAndDilutedEarningsPerShareTable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_SummaryOfComputationOfBasicAndDilutedEarningsPerShareTable_lbl" xml:lang="en-US" id="id_5214848_1563185_3_1">Summary Of Computation Of Basic And Diluted Earnings Per Share [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_SummaryOfComputationOfBasicAndDilutedEarningsPerShareTable_lbl" xml:lang="en-US" id="id_5214848_1563185_1_1">Summary Of Computation Of Basic And Diluted Earnings Per Share [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_SummaryOfComputationOfBasicAndDilutedEarningsPerShareTable_lbl" xml:lang="en-US" id="id_5214848_1563185_2_1">Summary Of Computation Of Basic And Diluted Earnings Per Share [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_SummaryOfComputationOfBasicAndDilutedEarningsPerShareTable" xlink:to="pld_SummaryOfComputationOfBasicAndDilutedEarningsPerShareTable_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SummaryOfIncomeTaxContingenciesTextBlock" xlink:label="us-gaap_SummaryOfIncomeTaxContingenciesTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SummaryOfIncomeTaxContingenciesTextBlock_lbl" xml:lang="en-US" id="id_5214848_1276410_1_1">Summary of Income Tax Contingencies [Table Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SummaryOfIncomeTaxContingenciesTextBlock_lbl" xml:lang="en-US" id="id_5214848_1276410_2_1">Summary of Income Tax Contingencies</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SummaryOfIncomeTaxContingenciesTextBlock" xlink:to="us-gaap_SummaryOfIncomeTaxContingenciesTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SummaryOfOperatingLossCarryforwardsTextBlock" xlink:label="us-gaap_SummaryOfOperatingLossCarryforwardsTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SummaryOfOperatingLossCarryforwardsTextBlock_lbl" xml:lang="en-US" id="id_5214848_1276412_1_1">Summary of Operating Loss Carryforwards [Table Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SummaryOfOperatingLossCarryforwardsTextBlock_lbl" xml:lang="en-US" id="id_5214848_1276412_2_1">Summary of Operating Loss Carryforwards</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SummaryOfOperatingLossCarryforwardsTextBlock" xlink:to="us-gaap_SummaryOfOperatingLossCarryforwardsTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_SummaryOfRemainingEquityCommitmentsTableTextBlock" xlink:label="pld_SummaryOfRemainingEquityCommitmentsTableTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_SummaryOfRemainingEquityCommitmentsTableTextBlock_lbl" xml:lang="en-US" id="id_5214848_1569911_3_1">Summary of remaining equity commitments.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_SummaryOfRemainingEquityCommitmentsTableTextBlock_lbl" xml:lang="en-US" id="id_5214848_1569911_1_1">Summary Of Remaining Equity Commitments Table [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_SummaryOfRemainingEquityCommitmentsTableTextBlock_lbl" xml:lang="en-US" id="id_5214848_1569911_2_1">Summary of Remaining Equity Commitments</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_SummaryOfRemainingEquityCommitmentsTableTextBlock" xlink:to="pld_SummaryOfRemainingEquityCommitmentsTableTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_SumnerLandingMember" xlink:label="pld_SumnerLandingMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_SumnerLandingMember_lbl" xml:lang="en-US" id="id_5214848_1390059_3_1">Sumner Landing.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_SumnerLandingMember_lbl" xml:lang="en-US" id="id_5214848_1390059_1_1">Sumner Landing [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_SumnerLandingMember_lbl" xml:lang="en-US" id="id_5214848_1390059_2_1">Sumner Landing [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_SumnerLandingMember" xlink:to="pld_SumnerLandingMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_SunriseIndParkMember" xlink:label="pld_SunriseIndParkMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_SunriseIndParkMember_lbl" xml:lang="en-US" id="id_5214848_1457373_3_1">Sunrise Ind Park [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_SunriseIndParkMember_lbl" xml:lang="en-US" id="id_5214848_1457373_1_1">Sunrise Ind Park [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_SunriseIndParkMember_lbl" xml:lang="en-US" id="id_5214848_1457373_2_1">Sunrise Ind Park [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_SunriseIndParkMember" xlink:to="pld_SunriseIndParkMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SupplementalCashFlowElementsAbstract" xlink:label="us-gaap_SupplementalCashFlowElementsAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SupplementalCashFlowElementsAbstract_lbl" xml:lang="en-US" id="id_5214848_1281237_1_1">Supplemental Cash Flow Elements [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SupplementalCashFlowElementsAbstract_lbl" xml:lang="en-US" id="id_5214848_1281237_2_1">Supplemental Cash Flow Elements [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SupplementalCashFlowElementsAbstract" xlink:to="us-gaap_SupplementalCashFlowElementsAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_SuwaneeCreekDistributionCenterMember" xlink:label="pld_SuwaneeCreekDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_SuwaneeCreekDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1427986_3_1">Suwanee creek distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_SuwaneeCreekDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1427986_1_1">Suwanee Creek Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_SuwaneeCreekDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1427986_2_1">Suwanee Creek Dist Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_SuwaneeCreekDistributionCenterMember" xlink:to="pld_SuwaneeCreekDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_SzczecinDistributionCenterMember" xlink:label="pld_SzczecinDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_SzczecinDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1483779_3_1">Szczecin distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_SzczecinDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1483779_1_1">Szczecin Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_SzczecinDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1483779_2_1">Szczecin Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_SzczecinDistributionCenterMember" xlink:to="pld_SzczecinDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_TahoeRenoIndustrialCenterMember" xlink:label="pld_TahoeRenoIndustrialCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_TahoeRenoIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1296817_3_1">Tahoe Reno industrial center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_TahoeRenoIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1296817_1_1">Tahoe Reno Industrial Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_TahoeRenoIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1296817_2_1">Tahoe- Reno Industrial Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_TahoeRenoIndustrialCenterMember" xlink:to="pld_TahoeRenoIndustrialCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_TapscottDistCtrMember" xlink:label="pld_TapscottDistCtrMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_TapscottDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1610294_3_1">Tapscott Dist Ctr [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_TapscottDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1610294_1_1">Tapscott Dist Ctr [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_TapscottDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1610294_2_1">Tapscott Dist Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_TapscottDistCtrMember" xlink:to="pld_TapscottDistCtrMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_TarponDistributionCenterMember" xlink:label="pld_TarponDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_TarponDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1537462_3_1">Tarpon Distribution Center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_TarponDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1537462_1_1">Tarpon Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_TarponDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1537462_2_1">Tarpon Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_TarponDistributionCenterMember" xlink:to="pld_TarponDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TaxAdjustmentsSettlementsAndUnusualProvisions" xlink:label="us-gaap_TaxAdjustmentsSettlementsAndUnusualProvisions"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_TaxAdjustmentsSettlementsAndUnusualProvisions_lbl" xml:lang="en-US" id="id_5214848_1289271_1_1">Tax Adjustments, Settlements, and Unusual Provisions</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_TaxAdjustmentsSettlementsAndUnusualProvisions_lbl" xml:lang="en-US" id="id_5214848_1289271_2_1">Change in uncertain tax positions</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TaxAdjustmentsSettlementsAndUnusualProvisions" xlink:to="us-gaap_TaxAdjustmentsSettlementsAndUnusualProvisions_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_TenantImprovementsMember" xlink:label="pld_TenantImprovementsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_TenantImprovementsMember_lbl" xml:lang="en-US" id="id_5214848_1443744_3_1">Tenant improvements.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_TenantImprovementsMember_lbl" xml:lang="en-US" id="id_5214848_1443744_1_1">Tenant Improvements [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_TenantImprovementsMember_lbl" xml:lang="en-US" id="id_5214848_1443744_2_1">Standard Tenant Improvements [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_TenantImprovementsMember" xlink:to="pld_TenantImprovementsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TenantReimbursements" xlink:label="us-gaap_TenantReimbursements"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_TenantReimbursements_lbl" xml:lang="en-US" id="id_5214848_1282076_1_1">Tenant Reimbursements</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_TenantReimbursements_lbl" xml:lang="en-US" id="id_5214848_1282076_2_1">Rental recoveries</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TenantReimbursements" xlink:to="us-gaap_TenantReimbursements_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_TeresinDistCtrMember" xlink:label="pld_TeresinDistCtrMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_TeresinDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1377884_3_1">Teresin Dist Ctr.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_TeresinDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1377884_1_1">Teresin Dist Ctr [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_TeresinDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1377884_2_1">Teresin Dist Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_TeresinDistCtrMember" xlink:to="pld_TeresinDistCtrMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_TermDebtAndOtherMember" xlink:label="pld_TermDebtAndOtherMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_TermDebtAndOtherMember_lbl" xml:lang="en-US" id="id_5214848_1368918_3_1">Term Debt And Other [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_TermDebtAndOtherMember_lbl" xml:lang="en-US" id="id_5214848_1368918_1_1">Term Debt And Other [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_TermDebtAndOtherMember_lbl" xml:lang="en-US" id="id_5214848_1368918_2_1">Term Loans and Other Debt [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_TermDebtAndOtherMember" xlink:to="pld_TermDebtAndOtherMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_TermLoanMember" xlink:label="pld_TermLoanMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_TermLoanMember_lbl" xml:lang="en-US" id="id_5214848_1562877_3_1">Term Loan [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_TermLoanMember_lbl" xml:lang="en-US" id="id_5214848_1562877_1_1">Term Loan [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_TermLoanMember_lbl" xml:lang="en-US" id="id_5214848_1562877_2_1">Term Loan [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_TermLoanMember" xlink:to="pld_TermLoanMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_TermLoansAndOtherDebtMember" xlink:label="pld_TermLoansAndOtherDebtMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_TermLoansAndOtherDebtMember_lbl" xml:lang="en-US" id="id_5214848_1614829_3_1">Term Loans And Other Debt[Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_TermLoansAndOtherDebtMember_lbl" xml:lang="en-US" id="id_5214848_1614829_1_1">Term Loans And Other Debt[Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_TermLoansAndOtherDebtMember_lbl" xml:lang="en-US" id="id_5214848_1614829_2_1">Term Loans and Other Debt [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_TermLoansAndOtherDebtMember" xlink:to="pld_TermLoansAndOtherDebtMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_TerraFrancescoMember" xlink:label="pld_TerraFrancescoMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_TerraFrancescoMember_lbl" xml:lang="en-US" id="id_5214848_1550761_3_1">Terra Francesco.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_TerraFrancescoMember_lbl" xml:lang="en-US" id="id_5214848_1550761_1_1">Terra Francesco [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_TerraFrancescoMember_lbl" xml:lang="en-US" id="id_5214848_1550761_2_1">Terra Francesco [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_TerraFrancescoMember" xlink:to="pld_TerraFrancescoMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_TeterboroMeadowlandsFifteenMember" xlink:label="pld_TeterboroMeadowlandsFifteenMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_TeterboroMeadowlandsFifteenMember_lbl" xml:lang="en-US" id="id_5214848_1507656_3_1">Teterboro Meadowlands Fifteen [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_TeterboroMeadowlandsFifteenMember_lbl" xml:lang="en-US" id="id_5214848_1507656_1_1">Teterboro Meadowlands Fifteen [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_TeterboroMeadowlandsFifteenMember_lbl" xml:lang="en-US" id="id_5214848_1507656_2_1">Teterboro Meadowlands 15 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_TeterboroMeadowlandsFifteenMember" xlink:to="pld_TeterboroMeadowlandsFifteenMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="us-gaap_TextBlockAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_TextBlockAbstract_lbl" xml:lang="en-US" id="id_5214848_1276429_1_1">Text Block [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_TextBlockAbstract_lbl" xml:lang="en-US" id="id_5214848_1276429_2_1">Text Block [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TextBlockAbstract" xlink:to="us-gaap_TextBlockAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ThirdPartiesMember" xlink:label="pld_ThirdPartiesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ThirdPartiesMember_lbl" xml:lang="en-US" id="id_5214848_1334167_3_1">Third Parties [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ThirdPartiesMember_lbl" xml:lang="en-US" id="id_5214848_1334167_1_1">Third Parties [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ThirdPartiesMember_lbl" xml:lang="en-US" id="id_5214848_1334167_2_1">Third Parties [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ThirdPartiesMember" xlink:to="pld_ThirdPartiesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ThorntonBusinessCenterMember" xlink:label="pld_ThorntonBusinessCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ThorntonBusinessCenterMember_lbl" xml:lang="en-US" id="id_5214848_1506510_3_1">Thornton business center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ThorntonBusinessCenterMember_lbl" xml:lang="en-US" id="id_5214848_1506510_1_1">Thornton Business Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ThorntonBusinessCenterMember_lbl" xml:lang="en-US" id="id_5214848_1506510_2_1">Thornton Business Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ThorntonBusinessCenterMember" xlink:to="pld_ThorntonBusinessCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_TianjinBondedLpMember" xlink:label="pld_TianjinBondedLpMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_TianjinBondedLpMember_lbl" xml:lang="en-US" id="id_5214848_1537820_3_1">Tianjin Bonded Lp.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_TianjinBondedLpMember_lbl" xml:lang="en-US" id="id_5214848_1537820_1_1">Tianjin Bonded Lp [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_TianjinBondedLpMember_lbl" xml:lang="en-US" id="id_5214848_1537820_2_1">Tianjin Bonded LP [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_TianjinBondedLpMember" xlink:to="pld_TianjinBondedLpMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_TilburgDistCtrMember" xlink:label="pld_TilburgDistCtrMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_TilburgDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1500569_3_1">Tilburg Dist Ctr.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_TilburgDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1500569_1_1">Tilburg Dist Ctr [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_TilburgDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1500569_2_1">Tilburg Dist Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_TilburgDistCtrMember" xlink:to="pld_TilburgDistCtrMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_TolucaDistributionCenterMember" xlink:label="pld_TolucaDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_TolucaDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1369659_3_1">Toluca distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_TolucaDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1369659_1_1">Toluca Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_TolucaDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1369659_2_1">Toluca Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_TolucaDistributionCenterMember" xlink:to="pld_TolucaDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_TorranceDistributionCenterMember" xlink:label="pld_TorranceDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_TorranceDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1387021_3_1">Torrance Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_TorranceDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1387021_1_1">Torrance Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_TorranceDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1387021_2_1">Torrance Dist Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_TorranceDistributionCenterMember" xlink:to="pld_TorranceDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_TouhyCargoTerminalMember" xlink:label="pld_TouhyCargoTerminalMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_TouhyCargoTerminalMember_lbl" xml:lang="en-US" id="id_5214848_1462769_3_1">Touhy Cargo Terminal [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_TouhyCargoTerminalMember_lbl" xml:lang="en-US" id="id_5214848_1462769_1_1">Touhy Cargo Terminal [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_TouhyCargoTerminalMember_lbl" xml:lang="en-US" id="id_5214848_1462769_2_1">Touhy Cargo Terminal [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_TouhyCargoTerminalMember" xlink:to="pld_TouhyCargoTerminalMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_TracyDistributionCenterMember" xlink:label="pld_TracyDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_TracyDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1609648_3_1">Tracy Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_TracyDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1609648_1_1">Tracy Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_TracyDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1609648_2_1">Tracy Dist Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_TracyDistributionCenterMember" xlink:to="pld_TracyDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_TracyTwoDistributionCenterMember" xlink:label="pld_TracyTwoDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_TracyTwoDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1534103_3_1">Tracy two distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_TracyTwoDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1534103_1_1">Tracy Two Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_TracyTwoDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1534103_2_1">Tracy II Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_TracyTwoDistributionCenterMember" xlink:to="pld_TracyTwoDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_TradeportDistributionCenterMember" xlink:label="pld_TradeportDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_TradeportDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1295417_3_1">Tradeport distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_TradeportDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1295417_1_1">Tradeport Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_TradeportDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1295417_2_1">Tradeport Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_TradeportDistributionCenterMember" xlink:to="pld_TradeportDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_TradingSymbol" xlink:label="dei_TradingSymbol"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_TradingSymbol_lbl" xml:lang="en-US" id="id_5214848_1269880_1_1">Trading Symbol</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_TradingSymbol_lbl" xml:lang="en-US" id="id_5214848_1269880_2_1">Trading Symbol</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_TradingSymbol" xlink:to="dei_TradingSymbol_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TranslationAdjustmentForNetInvestmentHedgeNetOfTax" xlink:label="us-gaap_TranslationAdjustmentForNetInvestmentHedgeNetOfTax"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_TranslationAdjustmentForNetInvestmentHedgeNetOfTax_lbl" xml:lang="en-US" id="id_5214848_1284328_1_1">Derivatives used in Net Investment Hedge, Net of Tax</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_TranslationAdjustmentForNetInvestmentHedgeNetOfTax_lbl" xml:lang="en-US" id="id_5214848_1284328_2_1">AOCI</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TranslationAdjustmentForNetInvestmentHedgeNetOfTax" xlink:to="us-gaap_TranslationAdjustmentForNetInvestmentHedgeNetOfTax_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_TransparkInlandEmpireDistributionCenterMember" xlink:label="pld_TransparkInlandEmpireDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_TransparkInlandEmpireDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1610188_3_1">Transpark Inland Empire Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_TransparkInlandEmpireDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1610188_1_1">Transpark Inland Empire Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_TransparkInlandEmpireDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1610188_2_1">Transpark Inland Empire Dist Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_TransparkInlandEmpireDistributionCenterMember" xlink:to="pld_TransparkInlandEmpireDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_TresRiosMember" xlink:label="pld_TresRiosMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_TresRiosMember_lbl" xml:lang="en-US" id="id_5214848_1319754_3_1">Tres Rios.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_TresRiosMember_lbl" xml:lang="en-US" id="id_5214848_1319754_1_1">Tres Rios [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_TresRiosMember_lbl" xml:lang="en-US" id="id_5214848_1319754_2_1">Tres Rios [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_TresRiosMember" xlink:to="pld_TresRiosMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_TriCountyDistributionCenterMember" xlink:label="pld_TriCountyDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_TriCountyDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1423717_3_1">Tri county distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_TriCountyDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1423717_1_1">Tri County Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_TriCountyDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1423717_2_1">Tri- County Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_TriCountyDistributionCenterMember" xlink:to="pld_TriCountyDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_TrinityMillsDistributionCenterMember" xlink:label="pld_TrinityMillsDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_TrinityMillsDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1388556_3_1">Trinity mills distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_TrinityMillsDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1388556_1_1">Trinity Mills Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_TrinityMillsDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1388556_2_1">Trinity Mills Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_TrinityMillsDistributionCenterMember" xlink:to="pld_TrinityMillsDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_TriPointBusParkMember" xlink:label="pld_TriPointBusParkMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_TriPointBusParkMember_lbl" xml:lang="en-US" id="id_5214848_1394401_3_1">TriPoint Bus Park.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_TriPointBusParkMember_lbl" xml:lang="en-US" id="id_5214848_1394401_1_1">Tri Point Bus Park [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_TriPointBusParkMember_lbl" xml:lang="en-US" id="id_5214848_1394401_2_1">TriPoint Bus Park [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_TriPointBusParkMember" xlink:to="pld_TriPointBusParkMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_TroyHillDistCtrMember" xlink:label="pld_TroyHillDistCtrMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_TroyHillDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1434112_3_1">Troy Hill Dist Ctr [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_TroyHillDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1434112_1_1">Troy Hill Dist Ctr [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_TroyHillDistCtrMember_lbl" xml:lang="en-US" id="id_5214848_1434112_2_1">Troy Hill Dist Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_TroyHillDistCtrMember" xlink:to="pld_TroyHillDistCtrMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_TuasDistributionCenterMember" xlink:label="pld_TuasDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_TuasDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1479421_3_1">Tuas Distribution Center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_TuasDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1479421_1_1">Tuas Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_TuasDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1479421_2_1">Tuas Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_TuasDistributionCenterMember" xlink:to="pld_TuasDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_TwentyFourthStreetIndustrialCenterMember" xlink:label="pld_TwentyFourthStreetIndustrialCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_TwentyFourthStreetIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1353267_3_1">Twenty fourth street industrial center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_TwentyFourthStreetIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1353267_1_1">Twenty Fourth Street Industrial Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_TwentyFourthStreetIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1353267_2_1">24th Street Industrial Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_TwentyFourthStreetIndustrialCenterMember" xlink:to="pld_TwentyFourthStreetIndustrialCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_TwoSouthMiddlesexMember" xlink:label="pld_TwoSouthMiddlesexMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_TwoSouthMiddlesexMember_lbl" xml:lang="en-US" id="id_5214848_1456108_3_1">Two South Middlesex [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_TwoSouthMiddlesexMember_lbl" xml:lang="en-US" id="id_5214848_1456108_1_1">Two South Middlesex [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_TwoSouthMiddlesexMember_lbl" xml:lang="en-US" id="id_5214848_1456108_2_1">Two South Middlesex [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_TwoSouthMiddlesexMember" xlink:to="pld_TwoSouthMiddlesexMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_TwoThousandTwelveLongTermIncentivePlanMember" xlink:label="pld_TwoThousandTwelveLongTermIncentivePlanMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_TwoThousandTwelveLongTermIncentivePlanMember_lbl" xml:lang="en-US" id="id_5214848_1409407_3_1">Two Thousand Twelve Long Term Incentive Plan [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_TwoThousandTwelveLongTermIncentivePlanMember_lbl" xml:lang="en-US" id="id_5214848_1409407_1_1">Two Thousand Twelve Long Term Incentive Plan [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_TwoThousandTwelveLongTermIncentivePlanMember_lbl" xml:lang="en-US" id="id_5214848_1409407_2_1">2012 Long Term Incentive Plan [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_TwoThousandTwelveLongTermIncentivePlanMember" xlink:to="pld_TwoThousandTwelveLongTermIncentivePlanMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_UnconsolidatedCoInvestmentVenturesMember" xlink:label="pld_UnconsolidatedCoInvestmentVenturesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_UnconsolidatedCoInvestmentVenturesMember_lbl" xml:lang="en-US" id="id_5214848_1575622_3_1">Unconsolidated Co Investment Ventures [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_UnconsolidatedCoInvestmentVenturesMember_lbl" xml:lang="en-US" id="id_5214848_1575622_1_1">Unconsolidated Co Investment Ventures [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_UnconsolidatedCoInvestmentVenturesMember_lbl" xml:lang="en-US" id="id_5214848_1575622_2_1">Our Share of Derivatives from Unconsolidated Co-Investment Ventures [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_UnconsolidatedCoInvestmentVenturesMember" xlink:to="pld_UnconsolidatedCoInvestmentVenturesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_UnconsolidatedJointVenturesMember" xlink:label="pld_UnconsolidatedJointVenturesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_UnconsolidatedJointVenturesMember_lbl" xml:lang="en-US" id="id_5214848_1539733_3_1">Unconsolidated Joint Ventures [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_UnconsolidatedJointVenturesMember_lbl" xml:lang="en-US" id="id_5214848_1539733_1_1">Unconsolidated Joint Ventures [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_UnconsolidatedJointVenturesMember_lbl" xml:lang="en-US" id="id_5214848_1539733_2_1">Unconsolidated Co-investment Ventures [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_UnconsolidatedJointVenturesMember" xlink:to="pld_UnconsolidatedJointVenturesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnconsolidatedPropertiesMember" xlink:label="us-gaap_UnconsolidatedPropertiesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_UnconsolidatedPropertiesMember_lbl" xml:lang="en-US" id="id_5214848_1281515_1_1">Unconsolidated Properties [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_UnconsolidatedPropertiesMember_lbl" xml:lang="en-US" id="id_5214848_1281515_2_1">Unconsolidated Properties [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_UnconsolidatedPropertiesMember" xlink:to="us-gaap_UnconsolidatedPropertiesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_UnearnedRent" xlink:label="pld_UnearnedRent"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_UnearnedRent_lbl" xml:lang="en-US" id="id_5214848_1388361_3_1">Disclosure of rents due, but not earned as of the balance sheet date.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_UnearnedRent_lbl" xml:lang="en-US" id="id_5214848_1388361_1_1">Unearned Rent</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_UnearnedRent_lbl" xml:lang="en-US" id="id_5214848_1388361_2_1">Unearned rents</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_UnearnedRent" xlink:to="pld_UnearnedRent_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_UniversityDrDistributionCenterMember" xlink:label="pld_UniversityDrDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_UniversityDrDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1398789_3_1">University DR distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_UniversityDrDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1398789_1_1">University Dr Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_UniversityDrDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1398789_2_1">University Dr Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_UniversityDrDistributionCenterMember" xlink:to="pld_UniversityDrDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnrealizedGainLossOnDerivatives" xlink:label="us-gaap_UnrealizedGainLossOnDerivatives"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_UnrealizedGainLossOnDerivatives_lbl" xml:lang="en-US" id="id_5214848_1281570_1_1">Unrealized Gain (Loss) on Derivatives</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_UnrealizedGainLossOnDerivatives_lbl" xml:lang="en-US" id="id_5214848_1281570_2_1">Unrealized losses on derivative instrument</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_UnrealizedGainLossOnDerivatives" xlink:to="us-gaap_UnrealizedGainLossOnDerivatives_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnrecognizedTaxBenefits" xlink:label="us-gaap_UnrecognizedTaxBenefits"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_UnrecognizedTaxBenefits_lbl" xml:lang="en-US" id="id_5214848_1284319_1_1">Unrecognized Tax Benefits</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_UnrecognizedTaxBenefits_lbl" xml:lang="en-US" id="id_5214848_1284319_4_1">Balance at December 31</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_UnrecognizedTaxBenefits_lbl" xml:lang="en-US" id="id_5214848_1284319_5_1">Balance at January 1</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_UnrecognizedTaxBenefits" xlink:to="us-gaap_UnrecognizedTaxBenefits_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities" xlink:label="us-gaap_UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities_lbl" xml:lang="en-US" id="id_5214848_1285717_1_1">Unrecognized Tax Benefits, Decrease Resulting from Settlements with Taxing Authorities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities_lbl" xml:lang="en-US" id="id_5214848_1285717_14_1">Settlements with taxing authorities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities" xlink:to="us-gaap_UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued" xlink:label="us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued_lbl" xml:lang="en-US" id="id_5214848_1284730_1_1">Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued_lbl" xml:lang="en-US" id="id_5214848_1284730_2_1">Accrued interest and penalties</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued" xlink:to="us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions" xlink:label="us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions_lbl" xml:lang="en-US" id="id_5214848_1281565_1_1">Unrecognized Tax Benefits, Increase Resulting from Prior Period Tax Positions</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions_lbl" xml:lang="en-US" id="id_5214848_1281565_2_1">Additions for tax positions taken during a prior year</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions" xlink:to="us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations" xlink:label="us-gaap_UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations_lbl" xml:lang="en-US" id="id_5214848_1289286_1_1">Unrecognized Tax Benefits, Reduction Resulting from Lapse of Applicable Statute of Limitations</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations_lbl" xml:lang="en-US" id="id_5214848_1289286_14_1">Reductions due to lapse of applicable statute of limitations</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations" xlink:to="us-gaap_UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_UplandDistributionCenterMember" xlink:label="pld_UplandDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_UplandDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1570816_3_1">Upland distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_UplandDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1570816_1_1">Upland Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_UplandDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1570816_2_1">Upland Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_UplandDistributionCenterMember" xlink:to="pld_UplandDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_UplandDistributionCenterSecondMember" xlink:label="pld_UplandDistributionCenterSecondMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_UplandDistributionCenterSecondMember_lbl" xml:lang="en-US" id="id_5214848_1400724_3_1">Upland distribution center second.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_UplandDistributionCenterSecondMember_lbl" xml:lang="en-US" id="id_5214848_1400724_1_1">Upland Distribution Center Second [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_UplandDistributionCenterSecondMember_lbl" xml:lang="en-US" id="id_5214848_1400724_2_1">Upland Distribution Center II [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_UplandDistributionCenterSecondMember" xlink:to="pld_UplandDistributionCenterSecondMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/country/2013/country-2013-01-31.xsd#country_US" xlink:label="country_US"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_US_lbl" xml:lang="en-US" id="id_5214848_1271500_1_1">UNITED STATES</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="country_US_lbl" xml:lang="en-US" id="id_5214848_1271500_2_1">United States [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_US" xlink:to="country_US_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UseOfEstimates" xlink:label="us-gaap_UseOfEstimates"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_UseOfEstimates_lbl" xml:lang="en-US" id="id_5214848_1274809_1_1">Use of Estimates, Policy [Policy Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_UseOfEstimates_lbl" xml:lang="en-US" id="id_5214848_1274809_2_1">Use of Estimates</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_UseOfEstimates" xlink:to="us-gaap_UseOfEstimates_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_UtahAirfreightMember" xlink:label="pld_UtahAirfreightMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_UtahAirfreightMember_lbl" xml:lang="en-US" id="id_5214848_1517867_3_1">Utah Airfreight.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_UtahAirfreightMember_lbl" xml:lang="en-US" id="id_5214848_1517867_1_1">Utah Airfreight [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_UtahAirfreightMember_lbl" xml:lang="en-US" id="id_5214848_1517867_2_1">Utah Airfreight [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_UtahAirfreightMember" xlink:to="pld_UtahAirfreightMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_UziceDistributionCenterMember" xlink:label="pld_UziceDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_UziceDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1450634_3_1">Uzice distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_UziceDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1450634_1_1">Uzice Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_UziceDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1450634_2_1">Uzice Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_UziceDistributionCenterMember" xlink:to="pld_UziceDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ValleyIndustrialCenterMember" xlink:label="pld_ValleyIndustrialCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ValleyIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1569391_3_1">Valley industrial center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ValleyIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1569391_1_1">Valley Industrial Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ValleyIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1569391_2_1">Valley Industrial Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ValleyIndustrialCenterMember" xlink:to="pld_ValleyIndustrialCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ValuationAllowanceOperatingLossCarryforwardsMember" xlink:label="us-gaap_ValuationAllowanceOperatingLossCarryforwardsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ValuationAllowanceOperatingLossCarryforwardsMember_lbl" xml:lang="en-US" id="id_5214848_1276698_1_1">Valuation Allowance, Operating Loss Carryforwards [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ValuationAllowanceOperatingLossCarryforwardsMember_lbl" xml:lang="en-US" id="id_5214848_1276698_2_1">Valuation Allowance, Operating Loss Carryforwards [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ValuationAllowanceOperatingLossCarryforwardsMember" xlink:to="us-gaap_ValuationAllowanceOperatingLossCarryforwardsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ValuationAllowancesAndReservesAdjustments" xlink:label="us-gaap_ValuationAllowancesAndReservesAdjustments"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ValuationAllowancesAndReservesAdjustments_lbl" xml:lang="en-US" id="id_5214848_1284315_1_1">Valuation Allowances and Reserves, Adjustments</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ValuationAllowancesAndReservesAdjustments_lbl" xml:lang="en-US" id="id_5214848_1284315_2_1">Decrease in valuation allowance</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ValuationAllowancesAndReservesAdjustments" xlink:to="us-gaap_ValuationAllowancesAndReservesAdjustments_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ValuationAllowancesAndReservesDomain" xlink:label="us-gaap_ValuationAllowancesAndReservesDomain"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ValuationAllowancesAndReservesDomain_lbl" xml:lang="en-US" id="id_5214848_1275094_1_1">Valuation Allowances and Reserves [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ValuationAllowancesAndReservesDomain_lbl" xml:lang="en-US" id="id_5214848_1275094_2_1">Valuation Allowances and Reserves [Domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ValuationAllowancesAndReservesDomain" xlink:to="us-gaap_ValuationAllowancesAndReservesDomain_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ValuationAllowancesAndReservesTypeAxis" xlink:label="us-gaap_ValuationAllowancesAndReservesTypeAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ValuationAllowancesAndReservesTypeAxis_lbl" xml:lang="en-US" id="id_5214848_1279936_1_1">Valuation Allowances and Reserves Type [Axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ValuationAllowancesAndReservesTypeAxis_lbl" xml:lang="en-US" id="id_5214848_1279936_2_1">Valuation Allowances and Reserves Type [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ValuationAllowancesAndReservesTypeAxis" xlink:to="us-gaap_ValuationAllowancesAndReservesTypeAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ValueAddedTaxAndOtherTaxLiabilities" xlink:label="pld_ValueAddedTaxAndOtherTaxLiabilities"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ValueAddedTaxAndOtherTaxLiabilities_lbl" xml:lang="en-US" id="id_5214848_1493615_3_1">Disclosure of VAT and other tax liabilities, not including deferred income taxes.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ValueAddedTaxAndOtherTaxLiabilities_lbl" xml:lang="en-US" id="id_5214848_1493615_1_1">Value Added Tax And Other Tax Liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ValueAddedTaxAndOtherTaxLiabilities_lbl" xml:lang="en-US" id="id_5214848_1493615_2_1">Value added taxes payable</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ValueAddedTaxAndOtherTaxLiabilities" xlink:to="pld_ValueAddedTaxAndOtherTaxLiabilities_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ValueAddedTaxReceivable" xlink:label="us-gaap_ValueAddedTaxReceivable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ValueAddedTaxReceivable_lbl" xml:lang="en-US" id="id_5214848_1285726_1_1">Value Added Tax Receivable</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ValueAddedTaxReceivable_lbl" xml:lang="en-US" id="id_5214848_1285726_2_1">Value added taxes receivable</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ValueAddedTaxReceivable" xlink:to="us-gaap_ValueAddedTaxReceivable_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ValwoodBusinessCenterMember" xlink:label="pld_ValwoodBusinessCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ValwoodBusinessCenterMember_lbl" xml:lang="en-US" id="id_5214848_1308995_3_1">Valwood business center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ValwoodBusinessCenterMember_lbl" xml:lang="en-US" id="id_5214848_1308995_1_1">Valwood Business Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ValwoodBusinessCenterMember_lbl" xml:lang="en-US" id="id_5214848_1308995_2_1">Valwood Business Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ValwoodBusinessCenterMember" xlink:to="pld_ValwoodBusinessCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ValwoodDistributionCenterMember" xlink:label="pld_ValwoodDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ValwoodDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1518278_3_1">Valwood distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ValwoodDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1518278_1_1">Valwood Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ValwoodDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1518278_2_1">Valwood Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ValwoodDistributionCenterMember" xlink:to="pld_ValwoodDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ValwoodIndustrialMember" xlink:label="pld_ValwoodIndustrialMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ValwoodIndustrialMember_lbl" xml:lang="en-US" id="id_5214848_1492824_3_1">Valwood Industrial [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ValwoodIndustrialMember_lbl" xml:lang="en-US" id="id_5214848_1492824_1_1">Valwood Industrial [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ValwoodIndustrialMember_lbl" xml:lang="en-US" id="id_5214848_1492824_2_1">Valwood Industrial [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ValwoodIndustrialMember" xlink:to="pld_ValwoodIndustrialMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_VanDorensDistributionCenterMember" xlink:label="pld_VanDorensDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_VanDorensDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1610317_3_1">Van Dorens Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_VanDorensDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1610317_1_1">Van Dorens Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_VanDorensDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1610317_2_1">Van Doren's Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_VanDorensDistributionCenterMember" xlink:to="pld_VanDorensDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_VanNuysAirportIndustrialMember" xlink:label="pld_VanNuysAirportIndustrialMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_VanNuysAirportIndustrialMember_lbl" xml:lang="en-US" id="id_5214848_1353422_3_1">Van Nuys Airport Industrial.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_VanNuysAirportIndustrialMember_lbl" xml:lang="en-US" id="id_5214848_1353422_1_1">Van Nuys Airport Industrial [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_VanNuysAirportIndustrialMember_lbl" xml:lang="en-US" id="id_5214848_1353422_2_1">Van Nuys Airport Industrial [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_VanNuysAirportIndustrialMember" xlink:to="pld_VanNuysAirportIndustrialMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableRateAxis" xlink:label="us-gaap_VariableRateAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_VariableRateAxis_lbl" xml:lang="en-US" id="id_5214848_1281543_1_1">Variable Rate [Axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_VariableRateAxis_lbl" xml:lang="en-US" id="id_5214848_1281543_2_1">Variable Rate [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_VariableRateAxis" xlink:to="us-gaap_VariableRateAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableRateDomain" xlink:label="us-gaap_VariableRateDomain"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_VariableRateDomain_lbl" xml:lang="en-US" id="id_5214848_1273429_1_1">Variable Rate [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_VariableRateDomain_lbl" xml:lang="en-US" id="id_5214848_1273429_2_1">Variable Rate [Domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_VariableRateDomain" xlink:to="us-gaap_VariableRateDomain_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_VemarsDistributionCenterMember" xlink:label="pld_VemarsDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_VemarsDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1469506_3_1">Vemars distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_VemarsDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1469506_1_1">Vemars Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_VemarsDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1469506_2_1">Vemars Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_VemarsDistributionCenterMember" xlink:to="pld_VemarsDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_VenloDistCentreMember" xlink:label="pld_VenloDistCentreMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_VenloDistCentreMember_lbl" xml:lang="en-US" id="id_5214848_1610298_3_1">Venlo Dist Centre [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_VenloDistCentreMember_lbl" xml:lang="en-US" id="id_5214848_1610298_1_1">Venlo Dist Centre [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_VenloDistCentreMember_lbl" xml:lang="en-US" id="id_5214848_1610298_2_1">Venlo Dist Centre [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_VenloDistCentreMember" xlink:to="pld_VenloDistCentreMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_VernonDistributionCenterMember" xlink:label="pld_VernonDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_VernonDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1298409_3_1">Vernon distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_VernonDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1298409_1_1">Vernon Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_VernonDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1298409_2_1">Vernon Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_VernonDistributionCenterMember" xlink:to="pld_VernonDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_VernonIndustrialMember" xlink:label="pld_VernonIndustrialMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_VernonIndustrialMember_lbl" xml:lang="en-US" id="id_5214848_1378902_3_1">Vernon Industrial.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_VernonIndustrialMember_lbl" xml:lang="en-US" id="id_5214848_1378902_1_1">Vernon Industrial [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_VernonIndustrialMember_lbl" xml:lang="en-US" id="id_5214848_1378902_2_1">Vernon Industrial [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_VernonIndustrialMember" xlink:to="pld_VernonIndustrialMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_VestingPercentageOnDefinedContributionPlan" xlink:label="pld_VestingPercentageOnDefinedContributionPlan"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_VestingPercentageOnDefinedContributionPlan_lbl" xml:lang="en-US" id="id_5214848_1508644_3_1">Vesting percentage on defined contribution plan.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_VestingPercentageOnDefinedContributionPlan_lbl" xml:lang="en-US" id="id_5214848_1508644_1_1">Vesting Percentage On Defined Contribution Plan</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_VestingPercentageOnDefinedContributionPlan_lbl" xml:lang="en-US" id="id_5214848_1508644_2_1">Vesting percentage on defined contribution plan</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_VestingPercentageOnDefinedContributionPlan" xlink:to="pld_VestingPercentageOnDefinedContributionPlan_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_VestingPeriodForAcquiredPlan" xlink:label="pld_VestingPeriodForAcquiredPlan"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_VestingPeriodForAcquiredPlan_lbl" xml:lang="en-US" id="id_5214848_1500391_3_1">Vesting period for acquired plan</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_VestingPeriodForAcquiredPlan_lbl" xml:lang="en-US" id="id_5214848_1500391_1_1">Vesting Period For Acquired Plan</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_VestingPeriodForAcquiredPlan_lbl" xml:lang="en-US" id="id_5214848_1500391_2_1">Vesting period for acquired plan</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_VestingPeriodForAcquiredPlan" xlink:to="pld_VestingPeriodForAcquiredPlan_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_VistaCorporateCenterMember" xlink:label="pld_VistaCorporateCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_VistaCorporateCenterMember_lbl" xml:lang="en-US" id="id_5214848_1609660_3_1">Vista Corporate Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_VistaCorporateCenterMember_lbl" xml:lang="en-US" id="id_5214848_1609660_1_1">Vista Corporate Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_VistaCorporateCenterMember_lbl" xml:lang="en-US" id="id_5214848_1609660_2_1">Vista Corporate Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_VistaCorporateCenterMember" xlink:to="pld_VistaCorporateCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_VistaDelSolIndCtrThirdMemberMember" xlink:label="pld_VistaDelSolIndCtrThirdMemberMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_VistaDelSolIndCtrThirdMemberMember_lbl" xml:lang="en-US" id="id_5214848_1438851_3_1">Vista Del Sol Ind Ctr Third Member [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_VistaDelSolIndCtrThirdMemberMember_lbl" xml:lang="en-US" id="id_5214848_1438851_1_1">Vista Del Sol Ind Ctr Third Member [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_VistaDelSolIndCtrThirdMemberMember_lbl" xml:lang="en-US" id="id_5214848_1438851_2_1">Vista Del Sol Ind Ctr III [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_VistaDelSolIndCtrThirdMemberMember" xlink:to="pld_VistaDelSolIndCtrThirdMemberMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_VistaDelSolIndustrialCenterSecondMember" xlink:label="pld_VistaDelSolIndustrialCenterSecondMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_VistaDelSolIndustrialCenterSecondMember_lbl" xml:lang="en-US" id="id_5214848_1549710_3_1">Vista del sol industrial center second.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_VistaDelSolIndustrialCenterSecondMember_lbl" xml:lang="en-US" id="id_5214848_1549710_1_1">Vista Del Sol Industrial Center Second [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_VistaDelSolIndustrialCenterSecondMember_lbl" xml:lang="en-US" id="id_5214848_1549710_2_1">Vista Del Sol Industrial Center II [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_VistaDelSolIndustrialCenterSecondMember" xlink:to="pld_VistaDelSolIndustrialCenterSecondMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_VistaDistributionCenterMember" xlink:label="pld_VistaDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_VistaDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1530038_3_1">Vista Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_VistaDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1530038_1_1">Vista Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_VistaDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1530038_2_1">Vista Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_VistaDistributionCenterMember" xlink:to="pld_VistaDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_VistaIndustrialParkMember" xlink:label="pld_VistaIndustrialParkMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_VistaIndustrialParkMember_lbl" xml:lang="en-US" id="id_5214848_1477907_3_1">Vista industrial park.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_VistaIndustrialParkMember_lbl" xml:lang="en-US" id="id_5214848_1477907_1_1">Vista Industrial Park [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_VistaIndustrialParkMember_lbl" xml:lang="en-US" id="id_5214848_1477907_2_1">Vista Industrial Park [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_VistaIndustrialParkMember" xlink:to="pld_VistaIndustrialParkMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_VistaRialtoDistribCtrMember" xlink:label="pld_VistaRialtoDistribCtrMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_VistaRialtoDistribCtrMember_lbl" xml:lang="en-US" id="id_5214848_1427866_3_1">Vista Rialto Distrib Ctr.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_VistaRialtoDistribCtrMember_lbl" xml:lang="en-US" id="id_5214848_1427866_1_1">Vista Rialto Distrib Ctr [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_VistaRialtoDistribCtrMember_lbl" xml:lang="en-US" id="id_5214848_1427866_2_1">Vista Rialto Distrib Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_VistaRialtoDistribCtrMember" xlink:to="pld_VistaRialtoDistribCtrMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_WalnutCreekCorporateCenterMember" xlink:label="pld_WalnutCreekCorporateCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_WalnutCreekCorporateCenterMember_lbl" xml:lang="en-US" id="id_5214848_1323903_3_1">Walnut creek corporate center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_WalnutCreekCorporateCenterMember_lbl" xml:lang="en-US" id="id_5214848_1323903_1_1">Walnut Creek Corporate Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_WalnutCreekCorporateCenterMember_lbl" xml:lang="en-US" id="id_5214848_1323903_2_1">Walnut Creek Corporate Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_WalnutCreekCorporateCenterMember" xlink:to="pld_WalnutCreekCorporateCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_WalnutDriveMember" xlink:label="pld_WalnutDriveMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_WalnutDriveMember_lbl" xml:lang="en-US" id="id_5214848_1457421_3_1">Walnut Drive.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_WalnutDriveMember_lbl" xml:lang="en-US" id="id_5214848_1457421_1_1">Walnut Drive [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_WalnutDriveMember_lbl" xml:lang="en-US" id="id_5214848_1457421_2_1">Walnut Drive [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_WalnutDriveMember" xlink:to="pld_WalnutDriveMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_WashingtonMember" xlink:label="pld_WashingtonMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_WashingtonMember_lbl" xml:lang="en-US" id="id_5214848_1374161_3_1">Washington [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_WashingtonMember_lbl" xml:lang="en-US" id="id_5214848_1374161_1_1">Washington [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_WashingtonMember_lbl" xml:lang="en-US" id="id_5214848_1374161_2_1">Seattle, Washington [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_WashingtonMember" xlink:to="pld_WashingtonMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_WatkinsStreetDistributionCenterMember" xlink:label="pld_WatkinsStreetDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_WatkinsStreetDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1358373_3_1">Watkins street distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_WatkinsStreetDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1358373_1_1">Watkins Street Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_WatkinsStreetDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1358373_2_1">Watkins Street Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_WatkinsStreetDistributionCenterMember" xlink:to="pld_WatkinsStreetDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_WatsonIndustrialCenterAfdiiMember" xlink:label="pld_WatsonIndustrialCenterAfdiiMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_WatsonIndustrialCenterAfdiiMember_lbl" xml:lang="en-US" id="id_5214848_1467179_3_1">Watson Industrial Center AFdII.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_WatsonIndustrialCenterAfdiiMember_lbl" xml:lang="en-US" id="id_5214848_1467179_1_1">Watson Industrial Center Afdii [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_WatsonIndustrialCenterAfdiiMember_lbl" xml:lang="en-US" id="id_5214848_1467179_2_1">Watson Industrial Center AFdII [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_WatsonIndustrialCenterAfdiiMember" xlink:to="pld_WatsonIndustrialCenterAfdiiMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_WaukeganDistributionCenterMember" xlink:label="pld_WaukeganDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_WaukeganDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1496382_3_1">Waukegan distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_WaukeganDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1496382_1_1">Waukegan Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_WaukeganDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1496382_2_1">Waukegan Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_WaukeganDistributionCenterMember" xlink:to="pld_WaukeganDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_WeaverDistributionCenterMember" xlink:label="pld_WeaverDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_WeaverDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1329793_3_1">Weaver distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_WeaverDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1329793_1_1">Weaver Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_WeaverDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1329793_2_1">Weaver Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_WeaverDistributionCenterMember" xlink:to="pld_WeaverDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_WeightedAverageGeneralPartnershipUnitsOutstanding" xlink:label="us-gaap_WeightedAverageGeneralPartnershipUnitsOutstanding"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_WeightedAverageGeneralPartnershipUnitsOutstanding_lbl" xml:lang="en-US" id="id_5214848_1274821_1_1">Weighted Average General Partnership Units Outstanding</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_WeightedAverageGeneralPartnershipUnitsOutstanding_lbl" xml:lang="en-US" id="id_5214848_1274821_2_1">Weighted average exchangeable Operating Partnership units outstanding</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_WeightedAverageGeneralPartnershipUnitsOutstanding" xlink:to="us-gaap_WeightedAverageGeneralPartnershipUnitsOutstanding_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:label="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_lbl" xml:lang="en-US" id="id_5214848_1276710_1_1">Weighted Average Number of Shares Outstanding, Diluted</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_lbl" xml:lang="en-US" id="id_5214848_1276710_2_1">Weighted average common shares outstanding - Diluted</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_lbl" xml:lang="en-US" id="id_5214848_1276710_6_1">Weighted average common partnership units outstanding - Diluted</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:to="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_lbl" xml:lang="en-US" id="id_5214848_1281555_1_1">Weighted Average Number of Shares Outstanding, Basic</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_lbl" xml:lang="en-US" id="id_5214848_1281555_2_1">Weighted average common partnership units outstanding - Basic</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_lbl" xml:lang="en-US" id="id_5214848_1281555_12_1">Weighted average common shares outstanding - Basic</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:to="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_WeightedAveragePotentiallyDilutiveExchangeableDebtOutstanding" xlink:label="pld_WeightedAveragePotentiallyDilutiveExchangeableDebtOutstanding"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_WeightedAveragePotentiallyDilutiveExchangeableDebtOutstanding_lbl" xml:lang="en-US" id="id_5214848_1459701_3_1">Weighted Average Potentially Dilutive Exchangeable Debt Outstanding</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_WeightedAveragePotentiallyDilutiveExchangeableDebtOutstanding_lbl" xml:lang="en-US" id="id_5214848_1459701_1_1">Weighted Average Potentially Dilutive Exchangeable Debt Outstanding</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_WeightedAveragePotentiallyDilutiveExchangeableDebtOutstanding_lbl" xml:lang="en-US" id="id_5214848_1459701_2_1">Total weighted average potentially dilutive exchangeable debt outstanding</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_WeightedAveragePotentiallyDilutiveExchangeableDebtOutstanding" xlink:to="pld_WeightedAveragePotentiallyDilutiveExchangeableDebtOutstanding_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_WeightedAveragePotentiallyDilutiveLimitedPartnershipUnitsOutstanding" xlink:label="pld_WeightedAveragePotentiallyDilutiveLimitedPartnershipUnitsOutstanding"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_WeightedAveragePotentiallyDilutiveLimitedPartnershipUnitsOutstanding_lbl" xml:lang="en-US" id="id_5214848_1374119_3_1">Weighted Average Potentially Dilutive Limited Partnership Units Outstanding</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_WeightedAveragePotentiallyDilutiveLimitedPartnershipUnitsOutstanding_lbl" xml:lang="en-US" id="id_5214848_1374119_1_1">Weighted Average Potentially Dilutive Limited Partnership Units Outstanding</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_WeightedAveragePotentiallyDilutiveLimitedPartnershipUnitsOutstanding_lbl" xml:lang="en-US" id="id_5214848_1374119_2_1">Total weighted average potentially dilutive limited partnership units outstanding</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_WeightedAveragePotentiallyDilutiveLimitedPartnershipUnitsOutstanding" xlink:to="pld_WeightedAveragePotentiallyDilutiveLimitedPartnershipUnitsOutstanding_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_WestByNorthwestIndustrialCenterMember" xlink:label="pld_WestByNorthwestIndustrialCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_WestByNorthwestIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1514014_3_1">West by northwest industrial center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_WestByNorthwestIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1514014_1_1">West By Northwest Industrial Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_WestByNorthwestIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1514014_2_1">West by Northwest Industrial Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_WestByNorthwestIndustrialCenterMember" xlink:to="pld_WestByNorthwestIndustrialCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_WestChesterCommParkOneMember" xlink:label="pld_WestChesterCommParkOneMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_WestChesterCommParkOneMember_lbl" xml:lang="en-US" id="id_5214848_1412067_3_1">West Chester Comm Park One [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_WestChesterCommParkOneMember_lbl" xml:lang="en-US" id="id_5214848_1412067_1_1">West Chester Comm Park One [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_WestChesterCommParkOneMember_lbl" xml:lang="en-US" id="id_5214848_1412067_2_1">West Chester Comm Park I [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_WestChesterCommParkOneMember" xlink:to="pld_WestChesterCommParkOneMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_WestChicagoDistributionCenterMember" xlink:label="pld_WestChicagoDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_WestChicagoDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1501658_3_1">West Chicago distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_WestChicagoDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1501658_1_1">West Chicago Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_WestChicagoDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1501658_2_1">West Chicago Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_WestChicagoDistributionCenterMember" xlink:to="pld_WestChicagoDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_WestforkIndustrialCenterMember" xlink:label="pld_WestforkIndustrialCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_WestforkIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1353137_3_1">Westfork industrial center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_WestforkIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1353137_1_1">Westfork Industrial Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_WestforkIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1353137_2_1">Westfork Industrial Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_WestforkIndustrialCenterMember" xlink:to="pld_WestforkIndustrialCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_WestgateIndustrialCenterMember" xlink:label="pld_WestgateIndustrialCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_WestgateIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1453071_3_1">Westgate Industrial Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_WestgateIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1453071_1_1">Westgate Industrial Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_WestgateIndustrialCenterMember_lbl" xml:lang="en-US" id="id_5214848_1453071_2_1">Westgate Ind Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_WestgateIndustrialCenterMember" xlink:to="pld_WestgateIndustrialCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_WestOneBusinessCenterMember" xlink:label="pld_WestOneBusinessCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_WestOneBusinessCenterMember_lbl" xml:lang="en-US" id="id_5214848_1328005_3_1">West one business center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_WestOneBusinessCenterMember_lbl" xml:lang="en-US" id="id_5214848_1328005_1_1">West One Business Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_WestOneBusinessCenterMember_lbl" xml:lang="en-US" id="id_5214848_1328005_2_1">West One Business Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_WestOneBusinessCenterMember" xlink:to="pld_WestOneBusinessCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_WestPointeBusinessCenterMember" xlink:label="pld_WestPointeBusinessCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_WestPointeBusinessCenterMember_lbl" xml:lang="en-US" id="id_5214848_1344937_3_1">West Pointe business center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_WestPointeBusinessCenterMember_lbl" xml:lang="en-US" id="id_5214848_1344937_1_1">West Pointe Business Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_WestPointeBusinessCenterMember_lbl" xml:lang="en-US" id="id_5214848_1344937_2_1">West Pointe Business Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_WestPointeBusinessCenterMember" xlink:to="pld_WestPointeBusinessCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_WestpointeDistributionCenterMember" xlink:label="pld_WestpointeDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_WestpointeDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1549247_3_1">Westpointe distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_WestpointeDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1549247_1_1">Westpointe Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_WestpointeDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1549247_2_1">Westpointe Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_WestpointeDistributionCenterMember" xlink:to="pld_WestpointeDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_WestportDistributionCenterMember" xlink:label="pld_WestportDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_WestportDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1290147_3_1">Westport distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_WestportDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1290147_1_1">Westport Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_WestportDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1290147_2_1">Westport Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_WestportDistributionCenterMember" xlink:to="pld_WestportDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_WhiteStreetDistributionCenterMember" xlink:label="pld_WhiteStreetDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_WhiteStreetDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1343180_3_1">White street distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_WhiteStreetDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1343180_1_1">White Street Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_WhiteStreetDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1343180_2_1">White Street Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_WhiteStreetDistributionCenterMember" xlink:to="pld_WhiteStreetDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_WhollyOwnedMember" xlink:label="pld_WhollyOwnedMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_WhollyOwnedMember_lbl" xml:lang="en-US" id="id_5214848_1385859_3_1">Wholly Owned.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_WhollyOwnedMember_lbl" xml:lang="en-US" id="id_5214848_1385859_1_1">Wholly Owned [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_WhollyOwnedMember_lbl" xml:lang="en-US" id="id_5214848_1385859_2_1">Wholly Owned [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_WhollyOwnedMember" xlink:to="pld_WhollyOwnedMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_WiegmanRoadMember" xlink:label="pld_WiegmanRoadMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_WiegmanRoadMember_lbl" xml:lang="en-US" id="id_5214848_1339683_3_1">Wiegman Road.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_WiegmanRoadMember_lbl" xml:lang="en-US" id="id_5214848_1339683_1_1">Wiegman Road [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_WiegmanRoadMember_lbl" xml:lang="en-US" id="id_5214848_1339683_2_1">Wiegman Road [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_WiegmanRoadMember" xlink:to="pld_WiegmanRoadMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_WillowLakeDistributionCenterMember" xlink:label="pld_WillowLakeDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_WillowLakeDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1340584_3_1">Willow lake distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_WillowLakeDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1340584_1_1">Willow Lake Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_WillowLakeDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1340584_2_1">Willow Lake Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_WillowLakeDistributionCenterMember" xlink:to="pld_WillowLakeDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_WillowParkIndPhFourFiveSevenEightMember" xlink:label="pld_WillowParkIndPhFourFiveSevenEightMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_WillowParkIndPhFourFiveSevenEightMember_lbl" xml:lang="en-US" id="id_5214848_1531870_3_1">Willow Park Ind - Ph 4 5 7 8.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_WillowParkIndPhFourFiveSevenEightMember_lbl" xml:lang="en-US" id="id_5214848_1531870_1_1">Willow Park Ind Ph Four Five Seven Eight [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_WillowParkIndPhFourFiveSevenEightMember_lbl" xml:lang="en-US" id="id_5214848_1531870_2_1">Willow Park Ind - Ph 4 5 7 8 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_WillowParkIndPhFourFiveSevenEightMember" xlink:to="pld_WillowParkIndPhFourFiveSevenEightMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_WillowParkIndPhOneMember" xlink:label="pld_WillowParkIndPhOneMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_WillowParkIndPhOneMember_lbl" xml:lang="en-US" id="id_5214848_1459584_3_1">Willow Park Ind - Ph 1.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_WillowParkIndPhOneMember_lbl" xml:lang="en-US" id="id_5214848_1459584_1_1">Willow Park Ind Ph One [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_WillowParkIndPhOneMember_lbl" xml:lang="en-US" id="id_5214848_1459584_2_1">Willow Park Ind - Ph 1 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_WillowParkIndPhOneMember" xlink:to="pld_WillowParkIndPhOneMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_WillowParkIndPhSixMember" xlink:label="pld_WillowParkIndPhSixMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_WillowParkIndPhSixMember_lbl" xml:lang="en-US" id="id_5214848_1446931_3_1">Willow Park Ind - Ph 6.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_WillowParkIndPhSixMember_lbl" xml:lang="en-US" id="id_5214848_1446931_1_1">Willow Park Ind Ph Six [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_WillowParkIndPhSixMember_lbl" xml:lang="en-US" id="id_5214848_1446931_2_1">Willow Park Ind - Ph 6 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_WillowParkIndPhSixMember" xlink:to="pld_WillowParkIndPhSixMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_WillowParkIndPhTwoAndThreeMember" xlink:label="pld_WillowParkIndPhTwoAndThreeMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_WillowParkIndPhTwoAndThreeMember_lbl" xml:lang="en-US" id="id_5214848_1457838_3_1">Willow Park Ind - Ph 2 and 3.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_WillowParkIndPhTwoAndThreeMember_lbl" xml:lang="en-US" id="id_5214848_1457838_1_1">Willow Park Ind Ph Two And Three [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_WillowParkIndPhTwoAndThreeMember_lbl" xml:lang="en-US" id="id_5214848_1457838_2_1">Willow Park Ind - Ph 2 and 3 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_WillowParkIndPhTwoAndThreeMember" xlink:to="pld_WillowParkIndPhTwoAndThreeMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_WilmingtonAvenueWarehouseMember" xlink:label="pld_WilmingtonAvenueWarehouseMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_WilmingtonAvenueWarehouseMember_lbl" xml:lang="en-US" id="id_5214848_1480719_3_1">Wilmington Avenue Warehouse.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_WilmingtonAvenueWarehouseMember_lbl" xml:lang="en-US" id="id_5214848_1480719_1_1">Wilmington Avenue Warehouse [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_WilmingtonAvenueWarehouseMember_lbl" xml:lang="en-US" id="id_5214848_1480719_2_1">Wilmington Avenue Warehouse [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_WilmingtonAvenueWarehouseMember" xlink:to="pld_WilmingtonAvenueWarehouseMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_WilsonDriveDistributionCenterMember" xlink:label="pld_WilsonDriveDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_WilsonDriveDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1550433_3_1">Wilson drive distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_WilsonDriveDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1550433_1_1">Wilson Drive Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_WilsonDriveDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1550433_2_1">Wilson Drive Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_WilsonDriveDistributionCenterMember" xlink:to="pld_WilsonDriveDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_WindsorCourtMember" xlink:label="pld_WindsorCourtMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_WindsorCourtMember_lbl" xml:lang="en-US" id="id_5214848_1454388_3_1">Windsor Court [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_WindsorCourtMember_lbl" xml:lang="en-US" id="id_5214848_1454388_1_1">Windsor Court [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_WindsorCourtMember_lbl" xml:lang="en-US" id="id_5214848_1454388_2_1">Windsor Court [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_WindsorCourtMember" xlink:to="pld_WindsorCourtMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_WingfootDistributionCenterMember" xlink:label="pld_WingfootDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_WingfootDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1531664_3_1">Wingfoot Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_WingfootDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1531664_1_1">Wingfoot Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_WingfootDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1531664_2_1">Wingfoot Dist Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_WingfootDistributionCenterMember" xlink:to="pld_WingfootDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_WoodaleDistributionCenterMember" xlink:label="pld_WoodaleDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_WoodaleDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1513657_3_1">Woodale distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_WoodaleDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1513657_1_1">Woodale Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_WoodaleDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1513657_2_1">Woodale Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_WoodaleDistributionCenterMember" xlink:to="pld_WoodaleDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_WoodDaleIndustrialSgMember" xlink:label="pld_WoodDaleIndustrialSgMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_WoodDaleIndustrialSgMember_lbl" xml:lang="en-US" id="id_5214848_1381760_3_1">WoodDale Industrial SG [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_WoodDaleIndustrialSgMember_lbl" xml:lang="en-US" id="id_5214848_1381760_1_1">Wood Dale Industrial SG [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_WoodDaleIndustrialSgMember_lbl" xml:lang="en-US" id="id_5214848_1381760_2_1">Wood Dale Industrial SG [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_WoodDaleIndustrialSgMember" xlink:to="pld_WoodDaleIndustrialSgMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_WoodridgeDistributionCenterMember" xlink:label="pld_WoodridgeDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_WoodridgeDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1540915_3_1">Woodridge distribution center.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_WoodridgeDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1540915_1_1">Woodridge Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_WoodridgeDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1540915_2_1">Woodridge Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_WoodridgeDistributionCenterMember" xlink:to="pld_WoodridgeDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_WorldHoustonDistributionCenterMember" xlink:label="pld_WorldHoustonDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_WorldHoustonDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1473261_3_1">World Houston Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_WorldHoustonDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1473261_1_1">World Houston Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_WorldHoustonDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1473261_2_1">World Houston Dist Ctr [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_WorldHoustonDistributionCenterMember" xlink:to="pld_WorldHoustonDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_WroclawVDcMember" xlink:label="pld_WroclawVDcMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_WroclawVDcMember_lbl" xml:lang="en-US" id="id_5214848_1298639_3_1">Wroclaw V Dc.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_WroclawVDcMember_lbl" xml:lang="en-US" id="id_5214848_1298639_1_1">Wroclaw V Dc [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_WroclawVDcMember_lbl" xml:lang="en-US" id="id_5214848_1298639_2_1">Wroclaw V DC [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_WroclawVDcMember" xlink:to="pld_WroclawVDcMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_YenForwardContractsMember" xlink:label="pld_YenForwardContractsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_YenForwardContractsMember_lbl" xml:lang="en-US" id="id_5214848_1575606_3_1">Yen Forward Contracts [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_YenForwardContractsMember_lbl" xml:lang="en-US" id="id_5214848_1575606_1_1">Yen Forward Contracts [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_YenForwardContractsMember_lbl" xml:lang="en-US" id="id_5214848_1575606_2_1">Yen Forward Contracts [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_YenForwardContractsMember" xlink:to="pld_YenForwardContractsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_YohanIndustrialMember" xlink:label="pld_YohanIndustrialMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_YohanIndustrialMember_lbl" xml:lang="en-US" id="id_5214848_1418161_3_1">Yohan Industrial [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_YohanIndustrialMember_lbl" xml:lang="en-US" id="id_5214848_1418161_1_1">Yohan Industrial [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_YohanIndustrialMember_lbl" xml:lang="en-US" id="id_5214848_1418161_2_1">Yohan Industrial [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_YohanIndustrialMember" xlink:to="pld_YohanIndustrialMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_YosemiteDriveMember" xlink:label="pld_YosemiteDriveMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_YosemiteDriveMember_lbl" xml:lang="en-US" id="id_5214848_1295015_3_1">Yosemite Drive.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_YosemiteDriveMember_lbl" xml:lang="en-US" id="id_5214848_1295015_1_1">Yosemite Drive [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_YosemiteDriveMember_lbl" xml:lang="en-US" id="id_5214848_1295015_2_1">Yosemite Drive [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_YosemiteDriveMember" xlink:to="pld_YosemiteDriveMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_YoshimiDistributionCenterMember" xlink:label="pld_YoshimiDistributionCenterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_YoshimiDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1610306_3_1">Yoshimi Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_YoshimiDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1610306_1_1">Yoshimi Distribution Center [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_YoshimiDistributionCenterMember_lbl" xml:lang="en-US" id="id_5214848_1610306_2_1">Yoshimi Distribution Center [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_YoshimiDistributionCenterMember" xlink:to="pld_YoshimiDistributionCenterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="pld-20141231.xsd#pld_ZankerCharcotIndustrialMember" xlink:label="pld_ZankerCharcotIndustrialMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pld_ZankerCharcotIndustrialMember_lbl" xml:lang="en-US" id="id_5214848_1295070_3_1">Zanker Charcot Industrial.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pld_ZankerCharcotIndustrialMember_lbl" xml:lang="en-US" id="id_5214848_1295070_1_1">Zanker Charcot Industrial [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pld_ZankerCharcotIndustrialMember_lbl" xml:lang="en-US" id="id_5214848_1295070_2_1">Zanker-Charcot Industrial [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pld_ZankerCharcotIndustrialMember" xlink:to="pld_ZankerCharcotIndustrialMember_lbl"/>
  </labelLink>
</linkbase>


