What Does Amazon’s HQ2 Mean for the Washington Region’s Housing Market?

While HQ2 will generate additional demand for housing, its effects will be geographically dispersed and gradual. Even so, the additional demand would like increase both home sales prices and rental rates, albeit only marginally above the rise that is expected to occur without these households. The average wages of HQ2 workers indicate that many of these households would be able to afford new construction, both ownership and rental housing. Additional supply would mitigate any price increases that would occur for the existing housing stock.

What Does Amazon’s HQ2 Mean for the Washington Region’s Economy?

Amazon’s second headquarters (HQ2) is expected to bring up to 50,000 jobs and occupy 8 million square feet (SF) of office space in Arlington County, VA. The build-out is likely to occur over 20 years. The arrival of HQ2 in the Arlington County will have economic, fiscal and housing impacts on the County, the Washington region and the Commonwealth of Virginia. This report primarily focuses on the broader impacts on the Washington region. For a detailed analysis on the impacts on Arlington County, VA and the Commonwealth of Virginia, see The Economic and Fiscal Impacts of Locating Amazon’s HQ2 in Arlington County, Virginia.

Gig and Independent Work in the Washington Region’s Economy

By Ellen Harpel, President, Business Development Advisors Download the full report as a PDF>> The gig economy and independent work arrangements receive much national attention, but their role in regional economies is not well understood. In this report we describe national level research on the evolving ways work is performed and present several measures of gig and independent

Schar School Stat: Gross Regional Product 2017

This piece ran in the Washington Business Journal in the September 21, 2018 edition. The graphic was prepared by the Washington Business Journal using data supplied by the Institute. The Washington region’s gross regional product (GRP) increased 2.1 percent in 2017. Of all 382 metros, our region ranked 151st in terms of growth. Of the largest 15

Automation in the Washington Region

Guest Post by Lokesh Dani, Graduate Research Assistant and doctoral candidate at the Schar School of Policy and Government, GMU Download as a PDF>> Automation is seen as a big challenge for society generally and the labor market specifically. Yet, we do not have a full understanding of how automation is changing the labor market and debate