The trend in apartment amenities has been all about extravagance. In order to outdo their competitors, many multifamily properties are offering luxurious features such as screening rooms, cold plunges, podcast recording studios, crystal lagoons and golf simulators. However, according to Jonathan Treble of WithMe, residents are now gravitating towards simpler and more cost-effective amenities.
A recent survey by WithMe revealed that lobby-based coffee stations rank second on the list of preferred amenities among multifamily residents after fitness centers. Printers and printing stations also ranked high on the list.
While there is a growing demand for “retro” amenities in multifamily properties, Treble emphasizes that fitness centers and yoga studios remain popular choices among tenants. Additionally, free coffee and co-working spaces can provide great value to residents while improving retention rates.
Treble advises property managers to understand what their tenants want in terms of amenities that align with their lifestyle preferences. By doing so they can effectively cater to their needs while also keeping costs under control.
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