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Rent In Queens Has Fallen After Amazon Back Out Of HQ2 Plans

Video Credit: Wochit Business - Duration: 00:32s - Published < > Embed
Rent In Queens Has Fallen After Amazon Back Out Of HQ2 Plans

Rent In Queens Has Fallen After Amazon Back Out Of HQ2 Plans

The median rental price and new leases in Queens fell in February, according to a new report.

That report claims this is due in part to Amazon's HQ2 pullout last month, says Business Insider.

The headquarters were expected to bring in a wave of workers and businesses, driving up property demand.

The median rental price of apartments in northwest Queens fell 1.8% from a year earlier to $2,798 in February.

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Rent In Queens Has Fallen After Amazon Back Out Of HQ2 Plans

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7, 2018 FILE PHOTO A NOV.

7, 2018, FILE PHOTO NOV.

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