Chicago is one of many cities hoping to land Amazon’s second headquarters: the HQ2 campus. Amazon has yet to make a decision, but Crain’s Chicago Business takes a look at what the e-commerce company’s new headquarters could mean for Chicago’s housing market. 

Crain’s starts by looking at how Amazon’s first headquarters has affected Seattle. Amazon’s west coast headquarters have been in Seattle’s South Union neighborhood for seven years. In that time span, home prices in the city have increased nearly 100 percent, and rents have increased nearly 50 percent, according to the report. It is not unreasonable to expect a similar experience in Chicago, although Seattle and the Windy City have some key differences. 

Amazon’s HQ2 campus is expected to generate 50,000 jobs. Some of those jobs would be filled by people who already live in the city, while others would draw people from around the country. Growth in home sales would likely grow, but not necessarily explode. 

Seattle had a tight housing market when Amazon arrived, but Chicago has more room to grow, according to the report. This means home buyers looking an upscale living could create a new neighborhood or drive a revival of some older neighborhoods. On the other hand, an influx of high-end buyers will likely spark anti-gentrification conversations as affordable housing faces pressure, DNAinfo reports. 

If Amazon bets on Chicago, it could help ease doubts about the state’s financial troubles and the city’s crime, according to the report. Such a vote of confidence could play a huge role in bringing more real estate investment to the city.