#zillowanalysis

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Amazon Effect: HQ2 Would Spur the Biggest #RentHikes in Nashville and Denver If Amazon builds its second headquarters in Nashville, rents would rise an additional 2.4 #percentagepoints each year, according to a new #Zillowanalysis - New Zillow research shows just how much of an impact Amazon HQ2 could have on rents in the 20 finalist cities, boosting rents the most in Nashville. - Nashville already is one of the fastest-appreciating housing markets in the country, with home values up 12 percent year-over-year. - Denver and Los Angeles would also see a meaningful bump to rent growth from the estimated 50,000 workers Amazon plans to hire. - Among Amazon's top-20 list, HQ2 would provide the smallest boost to rents in #Indianapolis, #Chicago and #Toronto. #SEATTLE, April 26, 2018 /@PRNewswire/ -- Among the 20 finalist #cities, Amazon's second headquarters would boost annual rent appreciation the most in Nashville, #Denver and  #LosAngeles, according to a new Zillow® analysisi. After receiving 238 #bids, Amazon announced in January that it narrowed its search for a second headquarters ("HQ2") to 20 cities. Zillow's new research shows just how much of an impact Amazon HQ2 would have on rents in each of those #housingmarkets. The estimated 50,000 new jobs associated with #AmazonHQ2 would have the greatest impact on rents in Nashville. If #Amazon workers start arriving one year from now, Nashville could see the pace of rent appreciation more than double from what #Zillow expects without #HQ2 -- an additional increase of 2.4 percentage points on top of the almost 1 percent @zillow currently expectsii. If @amazon starts hiring in 2019, monthly median rent in #Nashville would jump from $1,511 to $1,547 -- which is an extra $431 per year paid in #rent.