{"id":30666,"date":"2021-11-24T04:49:00","date_gmt":"2021-11-24T12:49:00","guid":{"rendered":"https:\/\/www.yardi.com\/blog\/?p=30666"},"modified":"2021-11-24T06:48:05","modified_gmt":"2021-11-24T14:48:05","slug":"amping-up-amenities","status":"publish","type":"post","link":"https:\/\/www.yardi.com\/blog\/amping-up-amenities\/","title":{"rendered":"Amping Up Amenities"},"content":{"rendered":"\n<p>Amenities like fitness centers, laundry rooms and pet services are standard at many residential and commercial properties. So ordinary are they that property managers are striving to deliver increasingly elaborate offerings to attract residents and tenants.<\/p>\n\n\n\n<p>Real estate investment information source Millionacres.com says, \u201cIf you want your units to fill up quickly and stay filled, you&#8217;ll want to offer the best apartment amenities possible for your tenants.\u201d That doesn\u2019t just mean rooftop pools, private restaurants, pet spas and indoor skate parks for high-end space. \u201cDesirable amenities can be offered at smaller properties, too.\u201d<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"alignright size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2021\/11\/pet-wash-apartment-amenities-popular.png\" alt=\"\" class=\"wp-image-30670\" width=\"500\" height=\"333\" srcset=\"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2021\/11\/pet-wash-apartment-amenities-popular.png 999w, https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2021\/11\/pet-wash-apartment-amenities-popular.png?resize=768,512 768w, https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2021\/11\/pet-wash-apartment-amenities-popular.png?w=400 400w, https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2021\/11\/pet-wash-apartment-amenities-popular.png?w=500 500w, https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2021\/11\/pet-wash-apartment-amenities-popular.png?w=600 600w, https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2021\/11\/pet-wash-apartment-amenities-popular.png?w=720 720w, https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2021\/11\/pet-wash-apartment-amenities-popular.png?w=800 800w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><figcaption>Dog grooming services can be a plus for pet owners.<\/figcaption><\/figure><\/div>\n\n\n\n<p>As for commercial space, San Diego commercial real estate investment firm Locale notes, \u201cSpare corner weight rooms have transformed into fully equipped, professionally staffed fitness centers; the corner coffee cart has evolved into a chic, onsite caf\u00e9 complete with baristas serving specialty coffee; and outdoor seating areas have expanded to include meditation gardens, dog runs, and sports fields.\u201d<\/p>\n\n\n\n<p><strong>Residential: Exceeding the expected<\/strong><strong><\/strong><\/p>\n\n\n\n<p>As Millionacres and other property management industry observers suggest, owners and managers might want to consider stepping up their game for residents who expect:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>More than just enough space for parking and bikes. <\/strong>Service enhancement options include assigned off-street parking with additional spots for guests and bike storage, and electric vehicle charging-equipped garage parking.<\/li><li><strong>A larger welcome mat for Rover.<\/strong> Consider expanding the pet-friendly policy with a dog park or grooming\\spa services.<\/li><li><strong>Energy efficiency.<\/strong> Many tenants seeking sustainability and cost savings opportunities expect upgrades like compact fluorescent lamps instead of incandescent ones, solar panels or fuel cells rather than grid-based fossil fuel power with, LEED certifications, and ENERGY STAR\u00ae certifications for refrigerators and other appliances that meet stringent energy-efficiency standards.<\/li><li><strong>Better building heating and cooling systems,<\/strong> featuring central air and heating systems with smart controls.<\/li><li><strong>A private balcony or roof deck<\/strong>, not just a shared yard or patio.<\/li><li><strong>Laundry appliances in the unit or a laundry service,<\/strong> an expansion of standard on-premises laundry facilities.<\/li><li><strong>Clubrooms and other common spaces refurbished as coworking spaces <\/strong>to accommodate the growing number of employees and freelancers working remotely.<\/li><li><strong>Enhanced entrance and exit security<\/strong> with cameras and virtual or human doorkeepers.<\/li><li><strong>Overall wellness features<\/strong> such as green spaces and meditation classes incorporated into fitness facility offerings.<\/li><\/ul>\n\n\n\n<p><strong>Commercial: Keeping pace with tends<\/strong><\/p>\n\n\n\n<p>Commercial property owners are similarly engaged in adopting innovative amenities to attract and retain occupants. A 2017 survey by commercial real estate development association NAIOP showed that 91% of building owners believe that adding special amenities increases a building\u2019s leasing velocity.<\/p>\n\n\n\n<p>Traditional commercial property amenities include childcare services, bike storage, fitness facilities, building signage and covered parking. But, as workplace food service provider Fooda notes, \u201cToday\u2019s tenants seek buildings that allow them to customize their offices with corporate logos and colors, comfortable furniture, and workspace arrangements that can change and grow with the company. To stay competitive, attract new office tenants, and keep current clients even when the commercial real estate market slows, property managers must stay abreast of trendy amenities.\u201d<\/p>\n\n\n\n<p>Property operators seeking to set themselves apart from the pack might consider such attractions as:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Rock climbing walls, bocce ball courts and other indoor\/outdoor games<\/li><li>Meditation rooms<\/li><li>Common Wi-Fi<\/li><li>Online payment and service request options<\/li><li>Social events with other building tenants<\/li><li>Art exhibits<\/li><\/ul>\n\n\n\n<p>Landlords can recoup expenses for added service offerings through common area maintenance fees or case-by-case charges.<\/p>\n\n\n\n<p>The benefits of pushing the envelope on amenities include increased occupant retention, vibrant living communities, stimulating work environments, better collaboration, favorable brand image and employee retention.<\/p>\n\n\n\n<p>See how Yardi creates new industry best practices for <a href=\"https:\/\/www.yardi.com\/products\/yardi-corom\/\">commercial tenant management<\/a>, <a href=\"https:\/\/www.yardikube.com\/\">coworking<\/a>, <a href=\"https:\/\/www.yardi.com\/products\/yardi-multifamily-suite\/\">multifamily property management<\/a> and energy management for <a href=\"https:\/\/www.yardi.com\/products\/yardi-energy-solutions\/\">residential<\/a> and <a href=\"https:\/\/www.yardi.com\/products\/yardi-pulse\/\">commercial<\/a> properties.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Amenities like fitness centers, laundry rooms and pet services are standard at many residential and commercial properties. So ordinary are they that property managers are striving to deliver increasingly elaborate offerings to attract residents and tenants. Real estate investment information source Millionacres.com says, \u201cIf you want your units to fill up quickly and stay filled, [&hellip;]<\/p>\n","protected":false},"author":610,"featured_media":30670,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_s2mail":"yes","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4],"tags":[103,1703,29,543],"class_list":["post-30666","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-amenities","tag-cre","tag-multifamily","tag-renting"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Yardi Blog<\/title>\n<meta name=\"description\" content=\"Amenities like fitness centers, laundry rooms and pet services are standard at many residential and commercial properties. So ordinary are they that\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.yardi.com\/blog\/amping-up-amenities\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Amping Up Amenities\" \/>\n<meta property=\"og:description\" content=\"Amenities like fitness centers, laundry rooms and pet services are standard at many residential and commercial properties. 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