CHICAGO--When Amazon was searching for its second headquarters the primary metric it was using to evaluate sites was the local workforce. The typical commercial real estate site selection criteria that many had initially expected to have weight were not emphasized nearly as much as the quality of the local labor.
Amazon’s criteria for this investment is the perfect illustration to the changing way companies approach markets for site selection and investment in CRE—in short, they are taking into account new sources of data, K.C Conway, chief economist at the CCIM Institute tells GlobeSt.com. So too are some lenders as they underwrite properties, he notes.
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