US Housing

Amazon HQ2s will give small boost to rental demand

US Housing Market Update
Written by Capital Economics Economist

Amazon’s decision to base its new, secondary HQs in New York City and Northern Virginia does not mean that rental markets in these cities will enjoy the kind of surge seen in Seattle. At the margins, however, even a modest boost to demand from Amazon’s well paid staff will help to allay concerns in both regions that too many luxury towers have been built.