Clicks and Mortar

A Real Estate Blog - Est. 2009

What $1500 Rent Will Get You in Amazon HQ2 Finalist Cities

Screen Shot 2018-03-09 at 1.24.32 PM.pngIn the race to land Amazons second headquarters and its 50,000 jobs, the company, currently based in Seattle, laid out priorities including proximity to an international airport, a supply of educated workers and generous tax incentives.

In addition to this, the 20 finalists for HQ2 have a common interest in university research, science education and accessible neighborhoods. The cities’ average rental rates also play a factor in the next E-commerce giant's new home.

And if size does matter, based on that metric, Atlanta appears to be in pretty good standing.

As Amazon takes their sweet time on the HQ2 decision, online rental marketplace Apartment List crunched the numbers on thousands of rentals across the country for a study titled, “Where do renters get the most for their money?”

When it comes to square-footage bang for your buck, Atlanta holds its own with much smaller cities, per Apartment List’s findings. In Atlanta proper, the average rental price per foot is $1.47 (in the overall metro, it’s 93 cents per square foot), meaning that $1,500 monthly bags 1,020 square feet of breathing room.

In New York City, another finalist, that rent plunges to 350 per square foot.

Other HQ2 rivals, Boston, Los Angeles, and Washington, D.C, get you less than 600 square feet for $1,500 or roughly half of Atlanta’s space.

amazon cities2.pngNote: Data is not to scale and data for Toronto and the two finalist counties around Washington, D.C. weren’t available.

The estimates were based on average prices per square foot of available units listed on Apartment List in each city over the past six months.

Atlanta would make a prime location for Amazon HQ2. The city is already a known logistics hub; UPS has its headquarters there as well as Home Depot. There are also plenty of young, technical talent stemming from Atlanta-area schools including Emory and Georgia Tech. The diversity in home styles, price points and neighborhoods also makes Atlanta a great city for HQ2.

Looking for a new home? Check out Clickscape to learn more about Atlanta, home improvement, or to find your next home.

Posted in amazon HQ2, Atlanta rental rates

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