Rental Property Investor · Orlando, FL · Member since 2015 · 131 posts · 62 votes
Afternoon BP,
After news broke of Amazon moving forward on finding a new HQ, I got really excited for the possibility of a new/increased opportunity in a new area. I currently own and rent in Central Florida, but wouldn't mind investing elsewhere if the opportunity was right.
I lived in Seattle for 2 years and saw (have seen) what Amazon/Microsoft did not only for the job market, but rent as well.
I know the Triangle in NC was thrown around as a hopeful location, but it's far too early to tell where it's going.
My question to the community is where/when do you really start to dig into the surrounding area that will become the new site and how do you as an investor stay up to date on what's happening with a big build like an Amazon HQ2?
With the fact that Uber, Google, Microsoft, Apple and Autodesk already have strongholds here, thanks in part to Carnegie Mellon University's AI developments, I can see our city welcoming Amazon's 2nd HQ. Amazon is already here with a fulfillment/distribution center and our Mayor, Bill Peduto, is poised to recommend several sites that could accommodate Amazon's requirements: software development talent, near an airport of which we have Pittsburgh Int'l Airport, highway systems and while the city itself houses 306,500 people the greater metro area of 2.36 million is well within Amazon's 1mil. requirement. Pittsburgh is also poised to add incentives besides having a variety of available sites, to tax breaks/grants and workforce training not to mention that Pittsburgh is a hub for robotic, technical and manufacturing advancements. Since we have the talent, the land and the commitment to welcome Amazon's vision, I see Pittsburgh a strong candidate for it's future investment.
JUST IN: Amazon to announce Nashville will be home to East Coast hub of operations, adding 5,000 new corporate jobs - source $AMZN
https://twitter.com/Reuters/status/1062351314225639426
Just dumb luck but I have properties in both Nashville and Western Queens.