Local Activities | June 22, 2019
If you haven’t heard, Amazon has recently announced they will be hosting their HQ2 in Northern Virginia, specifically, Arlington and Alexandria. This decision came after a yearlong across-country search, with over 200 cities competing for the spot. The long period of deliberation by the company eventually came to an end, with the initial plan being to split HQ2 between Virginia and Long Island City, Queens. Now, Amazon plans on focusing HQ2 solely in Northern Virginia.
With the addition of the Amazon HQ2 in northern Virginia, it is expected that 400 new jobs will be created by the end of the year, with 25,000 new full-time jobs available over the next 10 years. Additionally, Amazon will invest $2.5 billion dollars and occupy 4 million square feet of space. The company promises that even those that live in other areas outside of northern Virginia will benefit from the new headquarters. There will be public transportation improvements, better access to Reagan National Airport and infrastructure updates.
So, what can we expect from the new headquarters? Find a few key highlights below.
With the first phase of construction, Amazon plans to redevelop blocks of vacant warehouses into the two LEED Gold-certified buildings. There will also be areas for new retail stores and restaurants and open space for the community to use. The goal of developing this area is to create a campus for all of the workers and local area residents to enjoy.
With so many people moving to northern Virginia for Amazon HQ2, the housing market in the area is booming. When living in a major city, the storage space available in your new home might not be what you are used to. In order to compensate for this, consider renting a storage unit to store out-of-season clothing, decorations and other seldom-used items. It is important to keep in mind, though, that with so many people moving to the area, storage units will be limited. Renting a storage unit early will ensure you have access to additional storage space.
ezStorage has many different storage facility locations all throughout northern Virginia and in Alexandria, VA. Our storage facilities offer convenient storage unit sizes, such as the 5×5, 5×10 and 10×10 storage unit in traditional and temperature controlled. Reserve your storage unit today!
Amazon HQ2 Impact on Real Estate
For many people living in Northern Virginia, the next question is what is going to happen to the housing market now that Amazon is coming in?