Top Ten Amenities To Boost City Tenant Interest

Increase Rents And Lower Vacancy!

Boosting tenant interest in rental properties in Chicago requires offering amenities that cater to urban lifestyles and enhance convenience and comfort. Here are ten top amenities that can attract tenants in the city:

1. In-unit Washer and Dryer: Convenience is key for urban dwellers. Having laundry facilities within the apartment eliminates the need for trips to communal laundry rooms or laundromats. Can you fit a stackable in-unit? Not only is in-unit laundry convenient it is safer for the tenant.

2. Fitness Center: A well-equipped fitness center within the building allows tenants to maintain an active lifestyle without needing a gym membership, especially during Chicago's cold winters. Does your rental offer a fitness option? If you are looking at investment properties in an urban setting, this is something to consider out of property.

3. Pet-Friendly Facilities: Chicagoans are not unique, they love their pets. Offering amenities like a pet spa, dog run, or pet-friendly outdoor areas can appeal to pet owners looking for convenience and comfort. Spaces are tight in the city so rooftop areas, nearby parks or trails, etc. can offer an edge to your property for pet-owners looking for a city space.

4. Parking: Dedicated parking spots or a secure parking garage are highly valued in a city where street parking can be challenging and seasonal weather conditions are a consideration. Everyone who has driven around a city has a story about trying to find a spot. Many cities are segregating permit areas for residents but this is not wide-spread coverage. What can you offer tenants who need a car?

5. Outdoor Spaces: Access to communal outdoor spaces such as rooftop terraces, courtyards, or balconies provides tenants with areas to relax, entertain, or enjoy city views.

6. High-Speed Internet and Tech Connectivity: Reliable high-speed internet and tech-friendly amenities like smart home features or charging stations cater to tech-savvy tenants who work from home or rely heavily on connectivity. Many landlords farm out the cost to the tenant but if your property is in a city, you might want to offer pre-wiring CAT5/CAT6 networking, video and audio systems, etc. Anything to offer an edge would boost interest from tenants. We live in a high-tech society now.

7. Package Delivery Solutions: With online shopping on the rise, amenities like secure package lockers or concierge services for package handling are increasingly important for tenant convenience.

8. Community Areas: Common areas such as lounges, coworking spaces, or entertainment rooms (e.g., game rooms, screening rooms) provide additional spaces for socializing and relaxation. If your space is not located within walking distance of "people watching" areas, does the building have a common space?

9. Bike Storage: Chicago is a bike-friendly city. Many couples have only one car or people want to exercise in off-hours or ride along the lakefront. Offering secure bike storage or a bike repair store appeals to tenants who prefer cycling for commuting or leisure.

10. Proximity to Public Transit: Convenient access to public transportation, such as bus stops or L stations, is crucial for urban dwellers who rely on transit for commuting and exploring the city.

By incorporating or searching for these amenities in an investment property, owners can enhance the appeal of their rental units in Chicago, attracting a diverse range of tenants seeking convenience, comfort, and a vibrant urban lifestyle.