Next up in our CRE expert interview series is William Rich from Delta Associates who forecasts some industry trends over the next few years. Which asset classes do you expect to be impacted most by the new Amazon HQ2? Comment below and let us know if you’d like to be featured in our video interviews!
Masha Sharma: 00:03 Good afternoon everyone. My name is Masha Sharma, I’m with the RealAtom and I’m standing here today with William Rich, who’s the president of Delta Associates. Could you tell us a little bit about what your company does and what you do?
William Rich: 00:16 Sure. Delta Associates is a real estate research and consulting firm. We’re based in Washington DC primarily. We do market feasibility studies and highest and best use analysis and other types of evaluation services. We also do quarterly publications on the apartment, office, retail, housing and condo markets in the Mid-Atlantic.
Masha Sharma: 00:35 Interesting. So William, let me ask you this question. Since you’re doing a lot of research with the Amazon HQ move and opening in Arlington, Virginia, what kind of interesting trends do you foresee in the next couple of years?
William Rich: 00:48 Well, I would say on the multifamily side, the impact will be a little bit greater than it will be on the office side since their headquarters will be concentrated in the national landing area of Arlington. Most of the new office development will likely occur in that year, in that area, as well as perhaps Rosslyn or portions of Alexandria. On the multifamily side, you may see some benefits in Arlington as well as Alexandria and Fairfax County and in parts of the district as well, especially in transit-oriented portions of the city where it will be an easier commute to get to national landing.
Masha Sharma: 01:26 Great, well thank you very much. There you have it.