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Thursday, November 22, 2018

Long Island City Real Estate Booms with Amazon HQ2 Plan | Fortune

Long Island City Real Estate Booms with Amazon HQ2 Plan | Fortune: Though Amazon said it won’t begin hiring for its newly announced office in Queens, N.Y. until 2019, condo sales in the neighborhood are already booming.

For example, one Long Island City brokerage firm said it sold 150 units in just four days, The Wall Street Journal reports.

It’s only been a week since Amazon revealed plans for the New York office and another in Arlington, Va. The two cities offered the company billions of dollars in tax incentives in an effort to get the high-paying jobs that come with the Amazon expansions.