Tags: amazon | rental costs | new headquarters | new york city | arlington | virginia

Report: New Amazon HQ Could Increase Rental Costs in NY, Arlington, Va.

Tablet computer with Amazon logo
(Dreamstime)

By    |   Friday, 09 November 2018 04:38 PM

Renters in New York City and the Washington, D.C., area could pay upward of $200 more in rental costs annually if Amazon chooses to split its new headquarters, known as HQ2, between the two cities, Business Insider reports.

The two cities reportedly in talks with Amazon are the Long Island City section of Queens, New York, and the Crystal City area of Arlington, Virginia, The New York Times reported earlier this week.

However, rental costs are projected to be less than if Amazon located in one city, according to a Business Insider analysis based on a study earlier this year by real estate and rental marketplace website Zillow.

In April, Zillow projected added costs to cities under consideration for the new Amazon headquarters, calculating the costs to each locale if the internet giant located there. In an update on Monday, Zillow reported the split across two locations “dilutes its impact on the selected markets.”

© 2018 Newsmax Finance. All rights reserved.

   
1Like our page
2Share
Headline
Renters in New York City and the Washington, D.C., area could pay upward of $200 more in rental costs annually if Amazon chooses to split its new headquarters, known as HQ2, between the two cities, Business Insider reports. The two cities reportedly in talks with Amazon are...
amazon, rental costs, new headquarters, new york city, arlington, virginia
155
2018-38-09
Friday, 09 November 2018 04:38 PM
Newsmax Media, Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved