Learn today, plan for tomorrow.
Sign up for news and offers from Planetizen Courses, the online learning platform for planners.
Amazon Delivered a Booming Real Estate Market in Queens
The real estate market in most of New York City is sluggish to close out 2018, but for now, Long Island City is going gangbusters.
The November announcement that Amazon would locate half of its second headquarters in Long Island City, Queens "has been greeted with euphoria among real estate brokers who have seen a sudden gold rush of interest in the local condo market," according to an article by Corey Kilgannon.
"Some inquiries have come from Amazon employees, but since only a few hundred will arrive in 2019, most buyers have been investors and New Yorkers looking to relocate to a neighborhood on the rise," adds Kilgannon.
The article tours the locations anchoring the boom, and digs into the dollar amounts that have resulted from the hype.
Published on Thursday, December 27, 2018 in
Topics
- New Developments Lower Rents in Surrounding Neighborhoods, Study Says
- The Changing Demographics of Denver's Suburbs
- The 'Crisis of Non-Replacement' Undermining Black Neighborhoods
- Orlando Now Less Affordable than San Francisco
- Bill Requiring Zero-Emissions Car Sales by 2035 Passes New York Legislature
- Is the 'Tragedy of the Commons' a Myth?
- Equity and 'Righting Past Wrongs' to Start the 2021 National Planning Conference
- Two Demographic Firsts, Both Losses, for California
- 'Indirect Source Rule' Would Clean Up Warehouses in Southern California
- California's Fastest Growing City: Paradise
- As Home Prices Rise, So Does the Number of Renters
- Caltrans Chief Wants an 'Absolute Pause' on 710 Freeway Expansion
- FEMA Offers Full Reimbursement for Pandemic Shelter Costs—But Cities Are Still Jittery
- Atlanta BeltLine Buying More Land for Affordable Housing
- Rail Deck Park a No-Go in Toronto
- Big Tech Flirts With Community Development
- Seeking Public Input on Regional and Rural Park Needs
- If You Build It, Cars Will Come: the Common-Sense Logic of 'Induced Demand'
- Pandemic Paradox: World's Most Vaccinated Country Also the Most Infected
- Recovery Fund Aims to Save Live Music Venues
