Many cities were sad to hear the news that they were not chosen as one of Amazon’s HQ2 sites. Many here even were bummed to hear that Wilmington was not chosen as a site (even though we’re a rising tech hub). Regardless, many are excited about the recent picks. Why? We’re smack dab in the middle of both locations.
So why should Amazon employees (and anyone else) move here? Willis Elliman, a guest columnist at Delaware Business Times explains it best. “Wilmington is hip and happening,” Willis stated. “evidenced being five new restaurants on North Market Street alone since January.”
Renting Opportunities On The Rise
Willis continued on to talk about housing. He first discusses the multi-family housing units. The newest building, the Residencies at Midtown being owned by Buccini/Pollin Group. With a high rise and mid-rise, a pool, and fitness room, this building is an oasis. Want to live by the Riverfront instead of Downtown? No problem. Capano opened its Christina Riverfront project this spring at 101 Avenue of the Arts, which has Italian carpets, stainless steel appliances, and other high-end parts. In Wilmington, opportunities for renting are abundant.
Low Cost Of Housing
The cost of rent in Wilmington falls far below surrounding cities. The median listing home price in Wilmington is $214,900. In Long Island City, that median home price is $995,000, and Arlington the price is $599,900. While every city and town is different, Wilmington remains an affordable and desirable residential city almost directly between these two new Amazon hubs.
Summarized from the article “Wilmington poised to reap benefits from Amazon’s new HQ2 sites” from Delaware Business Times.