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What we know about Amazon’s intensity new Virginia HQ2 location

Amazon is in modernized talks about putting Amazon’s second headquarters, ordinarily referred to as HQ2, in a Crystal City area of Arlington County, Virginia, according to a Washington Post.

The incomparable D.C. area was considered a expected claimant for HQ2 due to a vicinity to CEO Jeff Bezos’s home and, some-more importantly, sovereign lawmakers. Three of Amazon’s 20 finalists were located there — Washington, D.C., Montgomery County and Northern Virginia — suggesting that a place had a improved possibility than others.

Here’s what we know about a area:

  • Arlington County is home to about 230,000 people and has seen a 13 percent race boost in a final decade, according to a Census Bureau. For comparison, that’s about a same as Madison, Wisconsin or Scottsdale, Arizona.
  • Its median home sales price, $553,000, is many aloft than a inhabitant median of $220,000 according to residential genuine estate association Trulia. Still, that’s cheaper than a $685,000 median home cost in Seattle, where Amazon’s stream domicile is based.
  • Its cost for bureau space is cheaper than a inhabitant average. In Northern Virginia, top-of-the-line executive bureau space costs $35.40 per block feet — reduce than a inhabitant normal of $37.35 and Seattle’s normal of $38.73, according to Q2 2018 estimates by blurb genuine estate association Cushman Wakefield.
  • At 19.4 percent, a cavity rate for Class A bureau space is also aloft than a U.S. normal of 12.3 percent, definition that it will be easier than normal for Amazon to franchise space there. It’s many some-more formidable to find bureau space in Seattle, whose cavity rate is underneath 8 percent.
  • It’s an 11-minute metro float from downtown Crystal City to Ronald Reagan Washington National Airport, a elite D.C. airport. That’s faster than many other HQ2 cities. It takes about 22 mins by automobile — but trade — and scarcely 50 mins by mass movement to strech a Seattle airfield from Amazon’s strange headquarters.
  • Crystal City is also an 11-minute expostulate to Capitol Hill but many traffic.
  • The normal salary for tech talent in circuitously D.C. is $111,111 a year — a second-most-expensive finalist city after New York, according to genuine estate investigate association CBRE. It’s a small reduction than a $117,000 a year tech workers are paid in Seattle.
  • D.C. ranked third among U.S. cities as a best place for tech talent, in CBRE’s annual roundup. Seattle ranked No. 2 this year.
  • It’s located nearby many higher-education institutions, including Georgetown, George Washington and American universities.

Article source: https://www.recode.net/2018/11/3/18059186/amazons-potential-virginia-hq2-headquarters-location