Amazon HQ2 Will Have Gradual Effect on Home Values, Experts Say

November 18, 2018
Published in Mansion Global
After the initial wave of excitement over Amazon’s announcement that HQ2 is coming to Long Island City, realtors expect the market to settle into a steady growth pattern because of the 25,000 new jobs that the internet retailer is bringing to the neighborhood. Long Island City real estate experts like Eric Benaim of Modern Spaces have been preparing for something like the Amazon announcement for years, slowly building and promoting LIC condos that serve commuters wanting a quick subway ride into Midtown, and now, while prices are increasing on some properties due to the announcement, the real victors are local homeowners and investors savvy enough to see the burgeoning neighborhood as the gold mine it has recently become.
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