Amazon.com Inc.’s decision to establish a second corporate headquarters is going to make some North American city very happy once the online retail behemoth announces its choice next year.
But it will likely be bad news for Seattle, Amazon’s longtime home, which has benefited enormously from the company’s rapid growth. Analysts predict that much of the company’s future expansion will be in its second headquarters.
“It had generally been assumed that [Amazon’s] growth would be concentrated in Seattle,” said Dave Bragg, an analyst with Green Street Advisors, a real-estate research firm. “That now needs to be adjusted.”