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With more and more young people moving into the cities, the competition between luxury living spaces has been skyrocketing. As a result, apartment companies have been pouring funds into what they think are desirable luxury amenities: roof top decks, bicycle tuning stations, and large open community spaces. However, these physical amenities have limited impact on the value of these buildings. In the cold seasons, tenants do not use a rooftop deck, and community spaces are often just the equivalent of an empty lobby in a hotel.

Luxury apartments have begun “The Amenity War,” an endless battle of attempting to provide an amenity that the competitor does not have. Service amenities have been triumphing. For example, projects with 4+ service amenities have a 4.5% sale premium over those with 3 or less. Furthermore, projects with 8-15 amenities earned 5.1% rent premium and leased up to 5% more units per month than those with 7 or less.

Chute, a valet laundry and dry cleaning service, provides luxury apartments with a non-cost amenity that can only benefit the tenants, and the building itself. Being a premium service offering, apartment buildings in Center City and the surrounding Philadelphia are enjoying the zero effort service that Chute provides. For professionals living in these residential properties, Chute is a low cost way of removing laundry and dry cleaning from their to-do list.

Not only is Chute a service amenity, but Chute also has the capability to be a tech amenity, via smart lockers. Chute can install locker tech that allows tenants to drop off their laundry and access the lock via an app. Within 48 hours, the laundry is returned washed and folded.Tenants now value high tech and service amenities more than anything, and Chute provide a great competitive advantage to all apartments looking to set themselves apart. Follow the link here to learn more about partnering with Chute: https://yourlaundrychute.com/property-solutions/

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