When The Benefits Don’t Outweigh The Costs Of Apartment Amenities

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Greg Leisch

WASHINGTON, DC–It is clear that apartments — and offices for that matter — are increasingly being defined by the type of amenities they offer. Developers know this and have been incorporating such features as pools, fitness centers, rooftop lounges and firepits — even pet spas — into their designs. Service amenities are also part of the mix, such as packaging handling and valet. Such efforts have paid off: in general we can say that the more amenities that are part of an apartment building, the higher the rent that building can command and the faster the place will lease.

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Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She’s a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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