Amazon Loss Stings, but Long Island City Real Estate Shrugs It Off

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Long Island City’s real-estate market has done just fine in the year since Amazon nearly made it a new home

The urgent inquiries for office space from companies aiming to do business with Amazon.com Inc. have long ceased. The near-constant flurry of calls from would-be investors in commercial buildings and condominiums has eased.

But the real-estate market in Long Island City has done just fine in the year since Amazon nearly made it a new home. The Queens neighborhood was suddenly the hottest in New York City after the giant retailer said in November 2018 it would open a headquarters there, bringing 25,000 employees to the area....

Source: News Formal (newsformal.com)

 

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