One of the most important topics that Los Angeles Office Property Management companies have been talking about recently is if Amazon is going to choose LA for their HQ2.
Los Angeles is currently in the running for HQ2 along with 19 other cities in the United States so there’s a real possibility that LA could be the city that Amazon chooses for their next headquarters.
Will Amazon’s HQ2 Increase Property Values in The Area?
Let’s say that Amazon chooses Los Angeles for their HQ2 location, will this new location raise property values in the area?
The answer to this question is yes, we could expect to see property values rise if the e-commerce giant chooses Los Angeles.
HQ2 would have the same effect that a Starbucks or Whole Foods has when big brands build new locations in a neighborhood. Home prices always go up because most people want to live near the store that they use on a regular basis.
How Would HQ2 Affect the Local Commercial Rental Market?
If Amazon were to choose LA for their HQ2 location it’s also likely that commercial rents would go up in the area of Los Angeles that Amazon chooses to build their new location as well.
Thankfully, most analysts predict that any increases in commercial rents or other expenses would be minimal for Los Angeles area businesses because the LA area would have the ability to absorb the impact of Amazon’s move here compared to other smaller cities in the United States.
Source – la.curbed.com
When is Amazon going to make a decision on their HQ2 location? The e-commerce giant is still keeping everyone in the dark right now but if they were to choose LA it’s likely that such a move would bring roughly 50,000 jobs to the area so one can see what the city of Los Angeles is campaigning hard for Amazon to move here.
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Are you searching for commercial property management in Los Angeles? Contact Utopia Property Management at (800) 294-4656 or connect with us online.
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