A Pool and Gym Won't Cut It: Developers Are Upping Their Game on Amenities to Stay Competitive in South Florida | Daily Business Review – Law.com

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“We’ve never seen this influx of need for alcohol licensing,” one hospitality attorney said.
July 18, 2022 at 03:09 PM
4 minute read
Real Estate
Real Estate Reporter
Competition is fierce among multifamily developers as the influx of residents to South Florida is motivating them to attract tenants with community-building amenities. Developers are adjusting their approaches accordingly, with many exploring alcohol licenses—something normally only seen in commercial real estate. 
About 25% of surveyed renters said they left an apartment to find better apartment amenities and about one-fifth wanted improved community amenities in general. That’s according to the 2022 National Multifamily Housing Council/Grace Hill Renter Preferences Survey Report.

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