When Jeff Bezos announced plans to step down as Amazon’s CEO, discussion immediately turned to his legacy and to what degree he revolutionized not only e-commerce but also real estate.
Over the years, Amazon bought out space once occupied by traditional department stores for its offices, started a partnership with Realogy (later suspended due to COVD-19) and acquired over 318 million square feet of real estate across the world for company operations. When the company announced that Amazon would be opening its second headquarters in New York’s Long Island City and later pulled back on the decision amid criticism from local lawmakers, real estate prices fluctuated in tandem with the news.