Report by Barbara Byrne Denham
Amazon’s selection of Long Island City for one of its two new headquarters has many locals and New York City officials concerned about the impact on the neighborhood. In this whitepaper, Reis Senior Economist Barbara Byrne Denham investigates the short-term ramifications of this decision on the Queens and New York City real estate market. Denham aggregates Reis’s construction pipeline and weighs the new Amazon occupancy figures to analyze the short term impact of HQ2 on the local apartment and office markets.
Barbara Byrne Denham is a Senior Economist in the research and economics department at Reis, the team responsible for the firm’s market forecasting, valuation, and portfolio analytics services. Throughout her 20-year career, Barbara has written a number of white papers on the commercial real estate market.