When designing your apartment building, your target renter’s arrival experience is crucial in driving higher rents.
Which of these two buildings do you think is attaining more rent?:
The Four Factors that Drive Rent are:
-
Location
-
Unit Design & Size
-
Amenities
-
Property Management
Why Rent Matters:
Amenities Drive the Rent:
-
They aren’t just an optional extra
-
They aren’t a waste of rentable space
-
They are a rent driver and a market maker
-
Need to understand that amenities like your unit finishes, features, and lobby help sell your building time and time again