Study: Building More Social Amenities Actually Makes An Apartment Building Less Valuable
Bisnow
Apartment buildings with more social amenities, such as pools, fitness centers and clubrooms, have sold for significantly less than those with fewer social amenities in a major U.S. market over the last five years, a new study shows. JBG Smith The clubroom at Pentagon City’s The Bartlett, one of the apartment buildings NKF’s study classifies as well-designed and highly-amenitized Newmark Knight Frank studied all 124 apartment buildings that have delivered in the last three years and all 26 comm…