Negotiated Discounts with Retail Tenants?
Does anyone have a lease with a retail tenant (located in or attached to your apartment community) that was negotiated in such a way as to offer a deep discount to apartment residents? ie. you discounted their rent by $1-$3/per sf per month in exchange for them giving a 50% discount to the apartment residents. Or you gave them more $$ up front for their TI but some of it was not part of their monthly...Negotiated Discounts with Retail Tenants?
Does anyone have a lease with a retail tenant (located in or attached to your apartment community) that was negotiated in such a way as to offer a deep discount to apartment residents? ie. you discounted their rent by $1-$3/per sf per month in exchange for them giving a 50% discount to the apartment residents. Or you gave them more $$ up front for their TI but some of it was not part of their monthly rent, it was credited toward significantly discounted memberships for apartment residents. (ie. instead of a $100,000 TI budget you gave them $110,000 in exchange for 50% discount on memberships for residents.
Has anyone done any version of that kind of arrangement with a retail tenant at your apartment?
Thank you!
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Amenities - HELP!!
We have a building with zero amenities except for a small outside seating area. So no gym, club room, etc. The only thing we do have going for us is the building is brand new and nice.
Does anyone have ideas for what we could add or do to make the community attractive to apartment hunters vs the competition with amenities? Please don’t suggest putting the rooms on a discount, all of us can lease up a building that is priced...Amenities - HELP!!
We have a building with zero amenities except for a small outside seating area. So no gym, club room, etc. The only thing we do have going for us is the building is brand new and nice.
Does anyone have ideas for what we could add or do to make the community attractive to apartment hunters vs the competition with amenities? Please don’t suggest putting the rooms on a discount, all of us can lease up a building that is priced below everyone else. That’s not my question. I’m looking for creative ideas like buying e-scooters and checking them out at the leasing office, partnerships with nearby businesses that we put on a membership card. etc.
Thank you!
**Washington State, cold wet climate
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