Experts make predictions for Amazon’s second HQ selection

New York made the list of "least likely to be chosen" cities

TRD New York TRD WEEKEND EDITION /
Mar.March 04, 2018 04:50 PM

(Credit from back: Westsara, Pexels)

For those who just can’t stand surprises, a recent survey of 100 economists and real estate experts released a report predicting the top contenders — and all signs seem to point to either Northern Virginia or Atlanta.

Compiled by Zillow, the survey looked at home values, rental markets, job growth, public transit, access to lawmakers and a pool of well-educated potential workers to select the two top contenders.

“As the experience of Seattle suggests, Amazon will not only directly bring thousands of high-paying jobs to the chosen city, but also has the potential to transform the regional economy,” said Zillow’s Aaron Terrazas in a release.

But the dark side to Amazon’s HQ2 can also be demonstrated by looking at the case of Seattle according to other experts.

“These cities should be prepared not only to justify their financial inducements, but to carefully weigh the social risks and costs,” said Pulsenomics’ Terry Loebs. “The mix and degree of these potential risks, such as diminished affordable housing stock, more congested roadways, and greater income inequality, vary considerably across the 20 markets.”

Whether Atlanta will still remain a strong contender in light of lawmakers revoking tax breaks from Delta Air Lines after it ended discounts for NRA members remains to be seen, as CNBC noted. Amazon’s top 20 shortlist was announced earlier this year and four southern cities were quickly singled out as strong potential choices. — Erin Hudson


Related Articles

arrow_forward_ios
CIM Group’s Shaul Kuba, Knotel's Amol Sarva, Related Group’s Jorge Pérez and The Agency’s Mauricio Umansky (Getty, Sarva by Sasha Maslov, iStock)

These real estate companies got fat PPP loans

These real estate companies got fat PPP loans
Federal Reserve Chairman Jerome Powell (Getty)

Real estate stocks benefit from second quarter rally

Real estate stocks benefit from second quarter rally
The Seagram Building at 375 Park Avenue with a photo illustration of RFR's Aby Rosen (Getty, Google, iStock)

Aby Rosen to build sprawling gym in Seagram Building

Aby Rosen to build sprawling gym in Seagram Building
Square Mile Capital’s Craig Solomon and Hackman Capital Partner's Michael Hackman with Silvercup Studios at 42-22 22nd Street in Long Island City (Hackman; AAK via Wikipedia Commons)

Hackman, Square Mile in talks to buy Silvercup Studios

Hackman, Square Mile in talks to buy Silvercup Studios
A photo illustration of Quora CEO Adam D'Angelo from a scene in the film The Matrix (Warner Bros./Village Roadshow Pictures; Quora)

“Our HQ will be in the cloud”: What if remote-first work is an opportunity, not a compromise?

“Our HQ will be in the cloud”: What if remote-first work is an opportunity, not a compromise?
67-25 Otto Road and Silex CEO Wes Sights (Google Maps, iStock)

The $112M warehouse transaction that wasn’t

The $112M warehouse transaction that wasn’t
From left: Onay Payne, Jim Simmons, Margaret Anadu and Tammy Jones (Payne by Emily Assiran)

‘Your pedigree is always questioned’: Black real estate execs push for change

‘Your pedigree is always questioned’: Black real estate execs push for change
McDonald’s on 220 West 42nd Street (Getty, iStock)

McDonald’s closes Times Square flagship

McDonald’s closes Times Square flagship
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...