How Much Would Amazon HQ2 Affect Denver Real Estate

How Much Would Amazon HQ2 Affect Denver Real Estate

Source: Sydney Bennet of Apartment List

How Much Would Amazon HQ2 Affect Denver Real Estate

Denver is officially one of 20 finalists for Amazon’s second headquarters. Some news sources, like the New York Times, even believe Denver is a likely pick. HQ2 would bring an additional 50,000 high-wage workers immediately, and 66,250 additional workers over a ten year period. That’s enough people to fill Mile High Stadium 1 1/2 times.

So what will happen in our already crunched housing market? Apartment List projected the rent growth for Denver would be between 0.8% and 1.1% per year. That’s an additional $7,700-11,500 more in renters will pay over a ten year period.

Even without Amazon’s HQ2, Denver will still experience significant job and rent increases as it becomes a thriving tech hub.

Read more of Apartment List’s full analysis on the impact of the proposed headquarters here:

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