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.
Read the full story: An ‘Amazon Effect’ on Queens Real Estate? Here’s Why Brokers Say It’s Real
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
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FREE Course: Walkable City 1: Why Walkability?
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Reinventing Malls: Planning Alchemy—Turning Gray Fields Into Gold
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City of Rosemead
Rutgers University, Edward J. Bloustein School of Planning and Public Policy
One Hundred Miles
University of Michigan School for Environment and Sustainability (SEAS)
Hunter College, City University of New York (CUNY)
The Architects Foundation
City of Cambridge
Montrose County
The Pocatello Development Authority