Tenants amenities: Opt for flexible community spaces

Should you choose to provide community spaces that can be used for a variety of tenant amenities like on-site yoga classes or make space for a fitness center? Biznow has the answers.

"The amenities that set apart stellar multifamily properties from the run-of-the-mill may not be the latest fad 'hard amenities' like fitness centers. Multifamily experts say soft amenities that streamline their residents’ lives and flexible spaces are what will set properties apart from one another.

Gables Residential Area Vice President of Investments Katy Slade said, 'The more that a community can offer in terms of amenities that help reduce somebody’s potential to have those add-on expenses, there is an equation there that helps them [decide where to move].'"