News

Zillow predicts Boston rent spike if Amazon moves in

BOSTON — As the push to bring amazon's second headquarters to Boston, a new report shows it could cause rent prices to increase even more.

The real estate website Zillow recently conducted a study looking at potential housing prices in the top 20 cities Amazon is considering.

MORE: Boston, D.C. top contenders for Amazon's second headquarters, report says

It found in most cities, rent will increase if Amazon moves in.

Prices in Boston are projected to rise 1.4 percent.

According to a recent poll by Elon University, only 34 percent of Bostonians strongly support the bid for the new headquarters. That’s the lowest among the finalist cities.

The company is seeking up to 1 million square feet of office space in the Seaport. Amazon could hire up to 4,000 workers for two future offices separate from the second headquarters.

Landing HQ2 could mean 50,000 jobs and a $5 billion investment in the city, but that doesn’t appear to have people in Boston too excited.

MORE: Robot predicts Boston will win Amazon HQ2