Large markets might see very little impact on rents, according to CoStar Group estimates.
By Jennifer Goodman | Builder
A new look at what will happen to the rental market in the city selected for Amazon’s second U.S. headquarters finds that impact on rents may not be as large as originally thought.
Commercial real estate data analytics firm CoStar Group estimates that Amazon’s arrival could lead to an additional 1% of rent growth per year in the best case—and would have limited effect in large markets like New York or Los Angeles.
The analysis also found that the effect would be proportional to the size of the market and have the largest effect on the office market.
