Home | Newsletter | Advertise
loading...

The $138 a Month Amazon Bump in the DC Area

  • April 26th 2018

by UrbanTurf Staff

✉️ Want to forward this article? Click here.

The $138 a Month Amazon Bump in the DC Area: Figure 1
A rendering of a potential Amazon location in DC.

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. 

"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:

See other articles related to: amazon dc, amazon dc rents, amazon second headquarters

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/the-138-a-month-amazon-bump-in-the-dc-area/13900.

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. Start browsing below!

First-Timer Primers

Intro guides for first-time home buyers

Red Flags Revealed During a Home Inspection Top 5 Tax Breaks For Homeowners Tax Relief for DC Homeowners
Condo Fee Tutorial What is a Rent Back? 10 Ways To Tell If a Home Renovation is Well Done
Obtaining a Basic Business License For Your Rental What is an Adjustable Rate Mortgage? The Splitting the Rent Formula
How Much Cash Do You Need to Buy a House? Is This Condo Building Financially Healthy? Interest Rates and Mortgage Points
The Scoop on Mortgage Insurance

Unique Spaces

Awesome and unusual real estate from across the DC Metro

The Most Intriguing Loft in DC The R Street Firehouse DC’s One-Room House
Dupont Circle’s Old Frat House To Become Alley Home Best Transition From a Garage To a Home The Roundhouse
Tilden Gardens Restaurant-Turned-Home Hits Market Next Week Logan Circle’s Most Intriguing Garage Frank Lloyd Wright Goes Green in Kensington
Sears Bungalow Gets a Modern Makeover Old Town General Store Becomes Three-Level Home Making the Most of a Skinny House
A Studio 27 Renovation on Capitol Hill Once a Carriage House, Now a Home The Bank that Became a Home
From Pie to Hooch to Heroin to Home The Live-Aboards of Gangplank Marina A Treehouse with Rock Creek Park As A Backyard
Modern Tranquility in Sperryville Saddle Up For Stable Living Throwing a Curve at 550 Square Feet
A Modern Hilltop Retreat Tilden Street Restaurant Becomes Spacious Home Focus on Design: A Vastu Unit at 22 West
The DC Area’s First Net Zero Home A Yankee Goes Green DC’s First Carbon Neutral Home
Eco-Friendly Alley House Off H Street The Gym, The Stables and The Firehouse