What's Hot: A Grand Opening 100 Years in the Making | New Townhomes Starting in the $600s and Selling Fast
The $138 a Month Amazon Bump in the DC Area
The supply of new apartments coming online in the DC area could mean that the arrival of Amazon wouldn't have a substantial effect on area rents.
An analysis by Zillow reveals that median rents in the DC area would rise $138 more a month if Amazon picked the region for its second headquarters than if the online retail behemoth didn't come to the area. The rent increase would occur over the ten years during which Amazon is expected to bring approximately 50,000 jobs to the area.
story continues below
loading...story continues above
"Smaller markets and/or markets with a record of less responsive (or “elastic,” in economist-speak) housing supply should expect a larger increase in rent growth," the analysis stated. "Bigger markets and/or those with a history of rapidly expanding the local housing supply should expect a smaller impact."
The DC region falls into the latter category. A recent report from Delta Associates on the region's Class A apartment class revealed that while renters are leasing units about as quickly as they come online the pipeline of new apartments is significant. There are approximately 37,000 new apartments in the 36-month pipeline for the region, with 12,300 slated for delivery in the coming 12 months.
Other cities on Amazon's long shortlist will see a significant rent bump. The New York Times reports that if Amazon chooses Nashville, the southern city could see rents jump $400 a month as a result of the project.
Similar Posts:
- A Big Bet That Amazon is Coming to Crystal City.
- Is the DC Area Rental Market Ideally Positioned to Accommodate Amazon?
See other articles related to: amazon second headquarters, amazon dc rents, amazon dc
This article originally published at https://dc.urbanturf.com/articles/blog/the-138-a-month-amazon-bump-in-the-dc-area/13900
UrbanTurf Listings showcases the DC metro area's best properties available for sale.
Most Popular... This Week • Last 30 Days • Ever
Attend the September 27th debut of 1745N, an exquisite Dupont Circle property a centu... read »
A few months ago, UrbanTurf reported on the conversion of a 124 year-old church on St... read »
Two organizations with a regional focus have calculated that the number of households... read »
Capitol Hill's restaurant scene is making room for one more.... read »
As of October 31st, all new residential developments in areas with 150 percent of the... read »
- The Grand Opening of 1745N is Almost Here
- A Look Inside a True Church-to-Residential Conversion on Capitol Hill
- The DC Region Faces Significant Housing Shortage in Coming Decades, Study Says
- Himitsu Co-Owner to Bring New Restaurant to Frager's Redevelopment
- Montgomery County's New Requirements For Moderately-Priced Units to Go Into Effect Soon
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Visit guides.urbanturf.com or start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Northern Virginia
Profiles of 14 neighborhoods across Northern Virginia
|
Ballston
Looking to Give People A Reason to Stay Past 6pm
|
Clarendon
Happily Straddling the Line Between City and Suburb
|
Columbia Pike
Arlington’s Neglected Stepchild is Getting a Makeover
|
|
Crystal City
Turning Lemons into Lemonade
|
Lyon Village
Developing An Air of Exclusivity?
|
Rosslyn
Hitting Its Growth Spurt
|
|
Shirlington
An Urban Village Hitting Its Stride
|
Del Ray
Virginia’s Small Town Near the Big City
|
Eisenhower Avenue
The Vibrancy Might Take a Few Years
|
|
Huntington
The Quiet Neighborhood By the Beltway
|
Old Town
Mayberry By The Potomac
|
Parkfairfax
132 Commerical-Free Acres
|
|
Downtown Falls Church
Staying the Same in the Midst of Change
|
Tysons Corner
Radical Change Could Be On The Way
|
Maryland
Profiles of 14 neighborhoods in suburban Maryland
|
Annapolis
Small-Town Living in the State Capital
|
Bethesda
Bedroom Community Gets Buzzing Cache
|
Cabin John
In With The New While Maintaining the Old
|
|
Chevy Chase
Affluence, Green Lawns and Pricey Homes
|
Downtown Silver Spring
Experiencing a Resurgence After a Bumpy History
|
Potomac
A Suburb on Steroids
|
|
Rockville Town Square
Despite the Dynamism, Still Somewhat Generic
|
Takoma Park
More Than a Little Bit Quirky
|
Wheaton
A Foodie Magnet on the Verge of Change
|
|
Capitol Heights
Kudzu, Front Porches and Crime
|
Hyattsville
Glass Half Full or Half Empty?
|
Mount Rainier
Artists, Affordable Homes and A Silo Full of Corn
|
|
National Harbor
A Development Rises Next to the Potomac
|
Riverdale Park
A Town Looking For Its Identity
|
Northwest DC
30+ neighborhood profiles for the city's biggest quadrant
|
16th Street Heights
DC's Sleeper Neighborhood
|
Bloomingdale
Where (Almost) Everyone Knows Your Name
|
AU Park
One of DC’s Last Frontiers Before the Suburbs
|
|
Brightwood
DC’s Northern Neighborhood on the Cusp
|
Burleith
DC’s 535 House Neighborhood
|
Cathedral Heights
Do You Know Where That Is?
|
|
Chevy Chase DC
Not to Be Confused With the Other Chevy Chase
|
Cleveland Park
Coming Back After A Rough Year
|
Columbia Heights
DC’s Most Diverse Neighborhood, But For How Long?
|
|
Crestwood
An Island of Serenity East of the Park
|
Dupont Circle
The Best of DC (For a Price)
|
Foggy Bottom & West End
Where the Institutional Meets the International
|
|
Forest Hills
Ambassadors and Adventurous Architecture
|
Foxhall Village
350 Homes Just West of Georgetown
|
Friendship Heights
A Shopping Mecca With a Few Places to Live
|
|
Georgetown
History, Hoyas and H&M
|
Glover Park
One of DC’s Preppier and More Family-Friendly Neighborhoods
|
Kalorama
A Posh View From Embassy Row
|
|
LeDroit Park
A Quiet Enclave in the Middle of the City
|
Logan Circle
Trendy Now, But Not By Accident
|
Mount Pleasant
Sought-After Homes Surround Main Street in Transition
|
|
Mount Vernon Triangle
From Seedy to Sought-After
|
Palisades
The Long, Skinny Neighborhood at the City’s Northwest Edge
|
Park View
It’s Not Petworth
|
|
Penn Quarter/Chinatown
DC’s Go-Go-Go Neighborhood
|
Petworth
Getting a Vibrancy of Its Own
|
Shaw
The Duke’s Former Stomping Ground
|
|
Shepherd Park
DC’s Garden of Diversity
|
Spring Valley
A Suburb With a DC Zip Code
|
Takoma
Not To Be Confused With Takoma Park
|
|
Tenleytown
Not Quite Like Its Neighbors
|
U Street Corridor
The Difference a Decade Makes
|
Woodley Park
Deceptively Residential
|
|
Adams Morgan
No Longer DC’s Hippest Neighborhood, But Still Loved by Residents
|
Southwest DC
The little quadrant that could
|
Southwest Waterfront
A Neighborhood Where A Change Is Gonna Come
|
Northeast DC
Profiles of 10 neighborhoods in NE
|
Brookland
New Development Could Shake Up Pastoral Peace
|
Deanwood
A Little Bit of Country Just Inside the District’s Borders
|
Eckington
Not to Be Confused With Bloomingdale
|
|
Fort Totten
Five Years Could Make a Big Difference
|
H Street
A Place To Party, and To Settle Down
|
Langdon
The Northeast Neighborhood That Few Know About
|
|
Michigan Park
A Newsletter-On-Your-Doorstep Community
|
NoMa
Evolving from a Brand to a Neighborhood
|
Rosedale
Ripe for Investment Right About Now
|
|
Trinidad
The Difference 5 Years Makes
|
Woodridge
Big Houses, A Dusty Commercial Strip and Potential
|
Southeast DC
6 neighborhoods from Capitol Hill to East of the River
|
Capitol Riverfront
Still Growing
|
Hill East
Capitol Hill’s Lesser Known Neighbor
|
Congress Heights
Gradually Rising
|
|
Hillcrest
Notable for Its Neighborliness
|
Historic Anacostia
Future Promise Breeds Cautious Optimism
|
Eastern Market
A More European Way of Living
|
Off the Beaten Turf
Overlooked parks, shops, cafes, and miscellany throughout DC
Unique Spaces
Awesome and unusual real estate from across the DC Metro
