Which Office REITs Stand to Gain the Most from Amazon’s HQ2 Choice?
National Real Estate Investor | April 25, 2018
In economic development circles, today’s most popular guessing game centers on where e-commerce goliath Amazon will put its highly coveted second headquarters. Will it be in Washington, D.C.? Or will Atlanta win the Amazon derby? And how about Boston? In all, 20 finalists—encompassing 16 U.S. metro areas in addition to Toronto—are vying for Amazon HQ2, a $5 billion project that’s primed to generate 50,000 jobs. Whichever region lands this economic prize is guaranteed to see a massive spike in office activity, considering that Amazon HQ2 seeks to eventually occupy 8.1 million sq. ft. of space. Plus, HQ2 is bound to create spin-off benefits for the broader office market.