News about Amazon possibly building a new headquarters complex near Dallas has the area buzzing, especially those working in the commercial real estate industry. According to reports, though, the mega digital retailer is looking for more than just economic incentives while deciding where to setup a secondary head office in the U.S., and labor supply and business environment are also two primary issues.
To put things in perspective, the Dallas News is reporting that Amazon’s new office campus would be about a $5 billion investment, and would also be about five times what Toyota spent building their fancy new North American headquarters up in Plano.
Furthermore, a possible new Amazon headquarters would have a projected employment of about 50,000 people, or about 10 times the number of workers employed at the Toyota campus.
There’s no doubt that a number of Texas cities, and cities all over the country for that matter, will spend considerable time and resources attracting Amazon, and whichever city the retailer chooses for its second U.S. headquarters, it’ll have a substantial economic impact in just about every way that will be felt for decades to come.
And with the possibility of adding thousands of more jobs over the next 10 years on top of DFW’s already robust job market, it can only mean good things for the local housing market as well, should Amazon ultimately choose Dallas—a city that many say has by far the most to offer.
Posted by Kenneth G. Cox on