Marcus Hiles: How Amazon’s HQ2 Impacted the NYC Real Estate Market

With news hitting late last year on Amazon’s decision to move forward with New York as one of the locations for its HQ2, investors quickly responded with kicking off development across the city. The project that was set to begin in 2019 was planned in part for the Long Island area and was expected to bring over 20k new jobs to the city. The goal of the project’s plan to move into NY was to not only tap into the city’s well-established infrastructure but also build out more urbanization to areas outside of the main city like Long Island and Queens.

New York wasn’t the final location both residents and investors thought would make the cut. “With other cities considered including Columbus, Chicago, Indianapolis, and Atlanta, many felt the online e-commerce giant would take its influence and power to an up and coming area that could benefit substantially from the project to establish a presence in the national economy. Though, it was more important to Amazon executives and investors that the project timeline was reduced with a location that could sustain and support rapid growth- like New York.” shares Dallas-based property developer and entrepreneur, Marcus Hiles.

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In the Best Places to Live in the US in 2019, Austin Tops the List

In their annual list of the best metro areas in the United States, analyst and online news firm US News has just announced their 2019 findings. Analyzing 125 of the most populous locations in the nation, the firm looked across categories of affordability, desirability, workforce opportunities and overall quality of life. To report their findings, sources of data were collected from public agencies including the US Census Bureau and Department of Labor which were referenced to drill down the factors of a successful local economy including job markets, housing affordability and availability as well as quality of education. To collect another perspective, the firm also utilized public polling to understand where individuals across the country would choose to live to further pinpoint desirability of each city in the running.

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