In December 2018, Amazon made its long-awaited announcement of where its second headquarters location would be. Much to the competing cities’ surprise, the e-commerce giant chose to split “HQ2” between Long Island City, New York and Arlington, Virginia.
Since the announcement, there’s been much speculation about the impact on the real estate and job markets in these two cities, especially since Amazon is planning to invest $2.5 billion in each location. We asked experts at Forbes Real Estate Council what they believe commercial real estate investors can learn from the announcement and its implications for local markets. Here’s what they had to say.