Amazons impact on rental market?

[Toby Jurging]

A few months ago it was announced that Amazon would be building a large distribution center in our area (Akron, Ohio).

I am interested in hearing from others on their experience with Amazon coming into area and its impact on property?

My gut says there is going to be a need or opportunity if they are hiring 5k people.

Also on this note, I am always interested to talk with others about opportunities. Have a great day!

[James Galla]

Traditionally, large companies installing plants become game changers when they are investing in rural areas without significant development. You can turn to examples in the oil and gas industry where these dead rural towns get the massive influx of cash from the oil and gas investors and the town explodes and dies when the oil and gas are gone.

Amazon in Akron will probably not be significant. I reckon values will go up, but it's not going to be skyrocketing. If you take a look at where the center is going to be - Rolling Acres Mall - that's right next to a D-D- class neighborhood and a C-C- neighborhood. I don't imagine those places are going to have a sudden influx of wealth. If you have a well-paid worker, they're prone to move elsewhere in the Akron metro area or in one of the surrounding townships.