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Changing Tastes Fuel the Amenities Race © Getty Images.

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Presentation on theme: "Changing Tastes Fuel the Amenities Race © Getty Images."— Presentation transcript:

1 Changing Tastes Fuel the Amenities Race © Getty Images

2 > Space for grilling > Rooftop gardens > Outdoor gas fireplaces > Heated garages > Car-washing facilities More high-end apartment buildings are adding this kind of space, with a gas fireplace and seating for conversation, because large cities have limited outdoor space. What are current trends in the amenities arena? Outdoor Space © Getty Images -Julie Peterson, ARM, CMCA, AMS Vice President of Business Development, Ogden & Co. Tip: Wireless service in outdoor common areas is a must.

3 > Dog runs > Small dog parks > Dog washing stations > Pet sitting services One of the most important amenities is a pet- friendly property. Theres ongoing discussion of what that means and its a continuing focus. Pet Perks Tip: Place dog areas in the back of the property. Grass may burn out and curb appeal could be impacted. © Getty Images -Julie Peterson, ARM, CMCA, AMS Vice President of Business Development, Ogden & Co.

4 Having a concierge whos very much in tune with the surrounding community, almost like at a 5-star hotel, is increasingly important. > Greet tenants and applicants > Accept and deliver packages > Arrange and confirm reservations > Recommend activities and restaurants > Coordinate furniture delivery > Provide directions and referrals > Assist with personal appointments > Call a cab or car service > Respond to special requests > Water plants Concierge Services © Getty Images -Edward Andron, ARM Account Executive, Charles H. Greenthal Management Corp.

5 They didnt care about business centers and theaters and video game rooms because people their age already have that in their homes. What Amenities Do Younger Renters Seek Out? > Text communications > Green features > Social media community > Resident lounges > Proximity to transportation > Urban style > Outdoor gathering spaces -Julie Peterson, ARM, CMCA, AMA Vice President of Business Development, Ogden & Co. © Getty Images

6 For the complete article Changing Tastes Fuel the Amenities Race, check out the March/April 2014 issue of the Journal of Property Management, at What are Some Low Cost Amenities? > Update common hallways with carpet or attractive laminate flooring > Have local artists display work in common areas > Ask a yoga or Zumba instructor to hold a class in the fitness center > Provide a coffee bar > Add a self-paid food pantry for essential items > Install card-driven washers and dryers


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