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.
To continue reading, become a free ALM digital reader.
Unlimited access to GlobeSt.com and other free ALM publications Access to 15 years of GlobeSt.com archives Your choice of GlobeSt.com digital newsletters and over 70 others from popular sister publications 5 free articles across the ALM subscription network every 30 days Exclusive discounts on ALM events and publications
*May exclude premium content
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.