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
- Multiple Aerial Trams Proposed in Clearwater, Florida
- Opinion: Proposed I-94 Expansion a 'Fiasco' for Milwaukee
- A Texas Freeway Revolt
- A Small Step Toward the End of Drunk Driving
- TxDOT Wants to Build the I-35 Capital Expressway to 20 Lanes
- From Paris to Portland: The 15-Minute City Goes Mainstream
- Judge Tosses Area Planning Commission Decision on Controversial South L.A. Project
- Tiny Homes Village Planned in St. Louis
- The Unfounded Fears of Affordable Housing Opposition
- The Right Planning Consultant Could Make All of the Difference
- Bipartisan Compromise in Arizona Results in Carbon-Free Energy Plan
- Flooded: How Natural Disasters Lead to Predatory Lending in the Rio Grande Valley
- New Analysis Tools Measures Transportation Health Impacts
- A Contemporary Update to the #BlackFridayParking Tradition
- 70,000 Road Deaths in 20 Years: Texas Struggles With Traffic Safety
- Transportation Tech Innovation Zone Launched in Los Angeles
- Anaheim Tries a New Approach for 1,000 New Units of Workforce Housing
- 'Seriously Delinquent' Mortgages Explode, But Don't Expect a Great Recession-Style Meltdown
- Criticisms for Two Seattle Transportation Studies
- The State of Commercial Corridors (And Hot to Protect Them During the Pandemic)
