Amazon Primed to Boost Property Prices in Winning HQ2 Cities

0
1
Amazon Primed to Boost Property Prices in Winning HQ2 Cities

The “Amazon effect” of easy online shopping has been derided for upending bricks-and-mortar businesses everywhere. But in Queens, N.Y., and Northern Virginia, investors say the phrase now heralds a budding real-estate boom.

The giant retailer’s decision to split its second headquarters between Long Island City, across the river from Midtown Manhattan, and Crystal City, Va., could turbocharge property values, some analysts say. Real-estate-services firm Colliers International is predicting the average office-rental rate in…

Read More