Reis in the News
By Greg David
Source: Crain’s New York – Puncturing the hype about Amazon’s disastrous impact
Let’s start with those jobs. The increase represents about one-half of one-percent of the city’s workforce today and probably even less of the workforce 10 years from now when Amazon is expected to reach its targeted number of employees. By contrast, the other half of the headquarters headed to Arlington, Va., will boost jobs in the Washington area by 1%. The 15,000 new workers Apple plans to hire to Austin will be a 2% increase.
It is the same story for both the residential and commercial real estate markets, according to an in-depth report by Barbara Byrne Denham, senior economist at commercial real estate analysis firm Reis, because both markets are experiencing a sharp boost in capacity.