A number of major technology companies operate in the Columbus area, and the tech boom continues with Amazon’s latest announcement. The Columbus Dispatch reports that Amazon will invest $7.8 billion dollars to expand its data operations in Central Ohio. Here are the highlights, along with our thoughts and what it means for home buyers!
Amazon plans to build several new data centers in Central Ohio during the next six years. The locations are still in discussion. Amazon already owns 400 vacant acres near the Intel site in New Albany, and operates existing data centers in New Albany, Hilliard and Dublin. Amazon runs numerous warehouses and distribution centers in Ohio, in addition to solar and wind farms. All told, Amazon employs about 37,000 people in The Buckeye State.
New data centers will bring more jobs to Central Ohio. While Amazon does not disclose the number of employees in a data center, the U.S. Chamber of Commerce estimates that a typical data center has about 157 full-time employees. During the construction process, the project can employ about 1,688 people. A completed data center can add about $8 million in wages per year, and during the development phase, account for $777 million in annual wages, and contribute $234 million annually to the local area.
With Amazon, Google, Microsoft, Intel and Facebook in Central Ohio, good-paying, local jobs are accessible to OSU graduates and other residents. This academic and business synergy supports population growth and economic expansion. For home buyers, it also means that home demand is going to be high for the foreseeable future. This will keep prices rising, until home supply catches up…if it can! Working with an Exclusive Buyer’s Broker will give you the best opportunity to find, and purchase, a quality home at the right price.
As Exclusive Buyer’s Brokers, we serve your best interests at all times! Unlike real estate agents and brokerages who represent sellers, as an Exclusive Buyer’s Broker, we only represent you, the buyer, getting you the best price and terms with no conflict of interest at all times.
Understanding this distinction could literally save you thousands of dollars not only on the purchase price and terms, but also on seller concessions and home inspection issues, whether you are a first-time homebuyer or an experienced homeowner!
Contact us with your home buying questions! Remember, we are with you every step of the way…all the way home!
Andrew Show
Exclusive Buyer’s Broker, CEBA-M, MCNE, CSP, PSA,e-PRO, CREM, ABRM, AHWD
Buyer’s Resource Realty Services www.BuyersHome.com
Serving Metro Columbus, Ohio with Exclusive Buyer’s Agents
7100 North High Street, Suite 204, Worthington, Ohio 43085
614-888-4110 | 888-888-4110 Toll Free | 614-839-4110 Fax
