Source: Sydney Bennet of Apartment List
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: