From Amazon’s negotiating tactics with more than 200 cities vying for its second headquarters to the depth of the workforce apartment housing market and CMBS demand to where rents are at some Downtown Atlanta office projects, here is a roundup of topics that were discussed at Bisnow’s Atlanta State of the Market event earlier this week.
Do not expect a decision from Amazon anytime soon on where it will locate its second headquarters. That is because Amazon could be lengthening the decision process as a way to extract the most incentives out of communities. That was the message from CRG partner Mike Demperio, whose firm has developed warehouse projects for the retail giant.
“Amazon is an expert at negotiating,” Demperio said. “Amazon is tough. They’ll string this out as long as they can to get every single penny. And I can’t blame them for it.”