Displaying items by tag: HQ2
Amazon’s HQ2 is Moving Capital
(Seattle)
The hype over Amazon’s pending second headquarters is making quite a splash, and not just at the local level or in the media. Several investment funds, large and small, are or will deploy significant capital in trying to chase the real estate returns that seem likely to accompany the new location. Amazon says the new headquarters will employ 50,000 people over the next two decades, and existing tech-focused cities have seen huge gains in real estate on the back of the highly paid work force. Accordingly, several funds are being established to quickly buy real estate in the city that wins the new headquarters.
FINSUM: Buying real estate in the winning city seems like a very good long-term bet. We wonder how locals in these “finalist” cities are feeling given the upside and downside of Amazon coming.