Last year was one for the real estate history books. The pandemic helped usher in a buying frenzy that caused home prices to soar nationwide by a record 19.9% between August 2020 and August 2021
Amazon HQ2 In Austin
Dated: December 31 2017
Will Amazon’s second headquarters take on Austin? According to The Business Insider, Austin is considered the top contender for the new headquarters. Amazon values several factors when contemplating a city for the new headquarters. Some of the factors mentioned were size of the city, culture, tax concerns and mass transit. The company is also seeking 8 million square feet of space and access to an airport. Although we all know Austin has poor public transport, Austin excels in other areas being considered in the Moody’s Analytics evaluation, winning it the title of “top contender.” Austin was followed by Atlanta-Sandy Springs-Roswell, Georgia and Philadelphia, Pennsylvania.
Amazon is set to announce their decision in 2018, just around the corner. With 50,000 Jobs and $5 billion in construction promised, you can see why it is a popular topic. This decision could greatly affect the Austin area.
Will Austin take the title of Amazon’s second headquarters? I guess we will have to just wait and find out.
Keeping you informed,
Donna L Bovee
Team Price Real Estate
Price Commercial Real Estate
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