Commercial Real Estate Dictionary

Dictionary >> Definition

<< Agglomeration Amortization >>

Amenity

Definitions of Amenity
  • An amenity is a feature or benefit of a space or property.
    The large swimming pool and ample parking were very attractive amenities at the last apparment complex we saw.


What Is An Amenity?

An amenity is any feature or benefit that improves the value or usability of a property.

Classic examples of amenities include parking, air conditioning or other property features that attract owners and occupiers and in turn increase the value of the property.

Amenities offered depend on the property type and needs of its occupant. For a residential tenant, a swimming pool would be a nice amenity. An office tenant may appreciate zoned air conditioning or extended building hours.

As lifestyles and markets change, the amenities building owners offer evolve in response to demand. Building owners may respond to demand by offering amenities such as wireless internet, common areas for people to gather, or charging systems for electric vehicles.

Social values have impacted trends and amenities offered in commercial buildings. Greater awareness of the environment as well as greater consciousness of personal and professional health and well-being have impacted the amenities offered by commercial and residential property owners and investors. Green building practices and workplace wellness are examples of forces driving resulting trends in property amenities.


        

Real Estate Terms

1. How much cash will be required to make your mortgage payments? Debt Service >>


2. Who can you go to to finance your construction or development project? Construction Lender >>


3. What professional can assist you in maximizing the value of your investment property? Asset Manager >>


4. How can we assess future commitment to infrastructure to support our communities and future development? Capital Improvements Projects >>


5. What measurement indicates if a property's financial performance can cover its debt? DSCR >>


6. What part of a city is the center of urban economic development? CBD >>


7. What allows property owners and professionals to estimate the market value of a commercial property? Comparable Property >>


8. What can landords do to entice prospective tenants? Concession >>


9. What critical factor do stores depend on to drive traffic? Anchor Tenant >>


copyright © 2020 Opmetric Inc. All Rights Reserved. Videos embedded per Youtube Terms of Service.
This website is provided by Opmetric Inc for educational and informational purposes only and should not be considered advice. We make no warranty express or implied as to the accuracy or reliability of information on this website. Information on this website is not guaranteed to be current, complete, or correct.