Amazon HQ2 – Is NYC Still in the Running?

Ever since Amazon announced the building of its second headquarters over a year ago, cities have been vying to be awarded the location of HQ2, which promises 50,000 jobs and $5 billion in new construction.

54 cities applied for consideration and were analyzed against Amazon’s core criteria:

  • Metropolitan areas with a population of over 1 million
  • A stable and business-friendly environment
  • Within 30 miles (48 km) of a population center
  • Within 45 minutes of an international airport
  • Proximity to major highways and arterial roads 1–3 miles (2–5 km)
  • Access to mass transit routes
  • Up to 8 million square feet (740,000 m2) of office space for future expansion

In January, Amazon announced its list of 20 finalists and city visits ensued, and Jeff Bezos announced in September that Amazon would have its decision by the end of the year. This has led to speculative real estate investments in contending cities, including New York City.

According to the Wall Street Journal, Crystal City, Virginia appears to be leading the pack, however the other 19 finalists, including New York City, Miami, Los Angeles, and Chicago are still contenders.

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