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Seattle was reported at 45,000 recently. They have room for a fair amount more already in maybe 9 msf(?). They have another 3 msf(?) under construction in new buildings they're building or have reportedly leased. Media reports have them up to 14 msf soon...at their high worker densities that would get them well north of 80,000 capacitywise.
Seattle was reported at 45,000 recently. They have room for a fair amount more already in maybe 9 msf(?). They have another 3 msf(?) under construction in new buildings they're building or have reportedly leased. Media reports have them up to 14 msf soon...at their high worker densities that would get them well north of 80,000 capacitywise.
I'm still blown away by them leasing all of the office space in the new Rainier Square!
Third Avenue has taken a $10 million position in JBG Smith Properties - an Arlington, VA REIT which was spun off from Vornado Realty Trust last summer, and which has significant holdings that would benefit from the choice of HQ2, which "will likely be worth a lot more than our current estimates," say Third Ave. managers Jason Wolf and Ryan Dobratz.
JBG is currently the top performer in the Bloomberg office REIT index, with a return of 7.1% since it began trading last July - currently trading at around $34.00 per share. Bloomberg notes that the index has fallen 10 percent over the same period.
Here is the kicker: according to a Bloomberg source, Third Avenue predicts the shares will be worth more than $40 apiece if Amazon picks Arlington’s Crystal City neighborhood, where JBG has significant holdings.
Soaring demand for administrative-caliber workers in Boston and Washington, D.C. indicates the competition for who will host Amazon's second headquarters will come down to those two metropolises, an economic think tank predicts.
New York-based The Conference Board found Amazon focused 760 online help-wanted ads in Boston last year "for headquarter caliber occupations," while 887 similar ads targeted the Washington, D.C., area, including Virginia and Maryland.
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