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Where does this fear come from? Atlanta is adding ~ 100k jobs every year, and HQ2 is projected to be ~ 5k per year for a decade. Developments adding a few thous
by ynniv 9y ago
Where does this fear come from? Atlanta is adding ~ 100k jobs every year, and HQ2 is projected to be ~ 5k per year for a decade. Developments adding a few thousand jobs are announced every other month. Anyone worried about rapid expansion and gentrification in Atlanta has been ignoring our reality for a long time.
- vinceguidry 9y agoI live in Midtown, paying NYC rents to live in a high rise. I was hopefully looking forward to a modest rent decrease once the half-dozen new buildings get done and start leasing. If Amazon moves in I worry I won't be able to rent here for less than $3k / month.
- ynniv 9y agoNot to be callous, but if aren't already paying $3500/mo then you aren't paying NYC rents. If Amazon moves in, they'll just build another half dozen highrise apartments and rates will stay about the same. NCR, a new Tech tower, perhaps something new around BellSouth, Metlife at 17th street... Atlanta has almost twice as many people as Seattle, and unlike a sleepy coffee town has always been dominated by corporate culture. Even if Amazon moved their whole company here, it wouldn't change the city that much.
- vinceguidry 9y agoApartments.com lists 4098 1 bedroom apartments in Manhattan alone in my rent range, $2-2.5k/month. All over the island. They might not be as nice as my swanky high rise, but I consider it to be comparable. Certainly whenever someone asks me how much I'm paying at my current place their eyes bug out.
- ynniv 9y agoThey might not be as nice as my swanky high rise I mean... this isn’t how price comparisons work? You can rent a studio on Peachtree in Midtown for $1,000 a month if it isn’t “swanky”. It probably has the same square footage as that $2,500 “1 bedroom” in Manhattan. Living in a city isn’t cheap.