Amazon Fullfillment Centers affect on Property Values and Rents?

[Phil Hardway]

Hi everyone,

I'm a newbie investor here and I'm looking at a deal in an area where Amazon has announced they will build a fulfillment center.  It's supposed to bring in a couple thousand jobs, which is great for any area.  My question is, has anybody that bought an investment property in an area where a fulfillment center was built actually seen an increase in the property value or average market rents that you can attribute to the opening of the warehouse?  

My apologies up front if this question has already been asked and answered.  I tried doing a search and didn't turn anything up.

[Tom Ott]

Originally posted by @Phil Hardway:

Hi everyone,

I'm a newbie investor here and I'm looking at a deal in an area where Amazon has announced they will build a fulfillment center.  It's supposed to bring in a couple thousand jobs, which is great for any area.  My question is, has anybody that bought an investment property in an area where a fulfillment center was built actually seen an increase in the property value or average market rents that you can attribute to the opening of the warehouse?  

My apologies up front if this question has already been asked and answered.  I tried doing a search and didn't turn anything up.

 Great question. I know we are seeing some being built around Cleveland in the Euclid area and by Bedford. I would assume it would only help since the kind of jobs they offer would be perfect for a tenant. I am not sure yet though as our's have not been built yet.