Economy & Economic Development  April 27, 2018

Zillow projects rent impact of Amazon HQ2

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DENVER — If Amazon selects Denver as the location for its second headquarters, rental rates will increase about 2.3 percent, according to analysis by Zillow Research.

Zillow evaluated the impact of a company adding 50,000 jobs to the communities in the running for the headquarters. Some, like Atlanta, would see almost no impact in rental rates because of conditions that permit the easy addition of new rental units. But in Denver, Zillow forecasts a 3.6 percent increase, 2.3 percentage points of which would be “the Amazon effect.”

The median rent currently in Denver is $2,047, according to the report.

 

DENVER — If Amazon selects Denver as the location for its second headquarters, rental rates will increase about 2.3 percent, according to analysis by Zillow Research.

Zillow evaluated the impact of a company adding 50,000 jobs to the communities in the running for the headquarters. Some, like Atlanta, would see almost no impact in rental rates because of conditions that permit the easy addition of new rental units. But in Denver, Zillow forecasts a 3.6 percent increase, 2.3 percentage points of which would be “the Amazon effect.”

The median rent currently in…

Ken Amundson is managing editor of BizWest. He has lived in Loveland and reported on issues in the region since 1987. Prior to Colorado, he reported and edited for news organizations in Minnesota and Iowa. He's a parent of two and grandparent of four, all of whom make their homes on the Front Range. A news junkie at heart, he also enjoys competitive sports, especially the Rapids.
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