With the absorption of new apartments in the DC area still at high levels, the amenities offered at new buildings is an ever-more important determinant of where people will decide to rent. A new study from Apartment List delves into what renters want and whether the market is supplying those amenities.
The report concludes that, in the DC area, more amenities are offered than the market demands, and renters aren't necessarily getting the amenities they want. Some examples are below:
- Only one in four prospective renters in DC wants a balcony; 47 percent of properties offer units with balconies.
- Out of the 25 largest metro areas nationwide, the DC region has the lowest share of renters demanding a gym as an apartment amenity.
- Forty-one percent of apartment communities are dog-friendly, while only 19 percent of renters are looking for dog-friendly buildings.
- Parking and pool access are offered relatively at the same rate of demand, with 43 percent of renters searching for units with parking and 48 percent of listings offering, and 17 percent of renters looking for a building with a pool and 16 percent of listings offering.
One narrative remains constant throughout the country: people want in-unit washer/dryers and are not getting them. In the District, 65 percent of renters want an apartment with a washer/dryer, yet only 26 percent of properties offer this. The DC area fares just slightly better, with 67 percent of renters demanding in-unit washer/dryers and 35 percent of properties offering.
The data for the report is culled from Apartment List listings and preferences stated on users' registration surveys from June-December 2017, with a minimum sample of 500 users and 500 listings required.
This article originally published at https://dc.urbanturf.com/articles/blog/dc-apartments-are-amenity-rich-but-you-still-have-to-leave-to-do-laundry/14167.
Most Popular... This Week • Last 30 Days • Ever
UrbanTurf created Pipeline, a searchable database of multifamily projects that are un... read »
As we head towards the end of the year, UrbanTurf is wrapping up its coverage of larg... read »
Prices in Wesley Heights, a DC neighborhood to the south of Spring Valley bordered by... read »
Today, UrbanTurf takes a look at the distinct differences between these two popular f... read »
The plans for the new two-building residential project at Union Market got a big thum... read »
A new report out this week found that homes in the DC region are selling nearly a wee... read »
When Amazon announced in 2018 that it would be opening a second headquarters in Virgi... read »
A revised plan is on the boards for a group of five townhouses in the middle of China... read »
The proposed district would encompass the neighborhood's commercial strip along Conne... read »
WTOP is reporting that The Heights, an eight-stall food hall that is taking over the ... read »
With this weekend's DC houseboat tour a day away, UrbanTurf thought it only fitting t... read »
President Obama travels to Denver this morning to sign the stimulus bill that has bee... read »
In this week's installment of Ask An Agent, a reader wonders if there is a rule for h... read »
As The Wharf prepares to begin construction, DC's houseboat community heads to its ne... read »
In this week's installment of Ask An Agent, a reader asks a fairly common question th... read »
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
Intro guides for first-time home buyers
Awesome and unusual real estate from across the DC Metro