By Adam Frisch, Managing Principal, Lee & Associates Residential NYC

By now, everyone in real estate, and likely the country, has heard that Amazon will no longer be opening its second headquarters in Queens, N.Y. Although it would have been an office deal, the existence of a second headquarters here would have been a huge boon for the New York City residential market. The reasoning behind why the deal fell through can teach us some valuable lessons about the residential markets in major cities across the United States and how the landscape looks vastly different than it did even 10 years ago.

Click here to read more of Adam’s thoughts in Multi-Housing News.