Amazon HQ2 'Bailed Out' Long Island City Investors, Miller Says

The video discusses Amazon's decision to establish a presence in Long Island City and its implications for the local real estate market. It highlights the impact on developers, rental market changes, and the anticipated rise in tenant costs. The video also covers planned real estate developments, market reactions, and future employment growth. It concludes with a forecast of rent and sales trends, predicting a modest decline in both over the next year.

What was the reaction of brokers after the announcement regarding apartment purchases?

What is the projected timeline for the ramp-up of employees in Long Island City?