Rent in Queens fell after Amazon backed out of plans to build its HQ2 there

The median rental price and new leases in Queens fell in February, a new report said. That was in part due to falling sentiment following Amazon’s HQ2 pullout last month, according to the author of the report. The headquarters were expected to bring in a wave of workers and businesses, driving up property demand.

Rent in Queens edged lower last month after Amazon backed out of plans to build new headquarters there.

The median

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