FIGURE 11: CHANGE IN AVERAGE EXPECTED RENT PREMIUMS FOR APARTMENT FEATURES BETWEEN 2019 AND 2022
Concrete Floors
32.5%
Gas Stove
32%
Floor-to-ceiling Windows
21%
Device-charging Stations
20%
Living Room Balcony
20%
Mud Room
20%
Bedroom Balcony
19%
Additional Soundproofing
19%
Stainless-steel Appliances
18%
Premium Countertops
17%
Alarm System
15%
Hardwood-like Floors
14%
Non-key Secure Access
13%
Smart Thermostats
12%
Pre-installed Wi-Fi
10%
Premium Washer and Dryer
10%
Sound System with Bluetooth
9%
Wi-Fi-enabled Video Doorbell
6%
SMITH & RIO Tempe, AZ
Only respondents who assign a feature a very high priority are asked to assign a rent premium. Source: Greystar Design Survey, 2022.
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