Flats built in clusters and designed specifically for rent are part of a growing sector in the UK, and many developers are including on-site amenities to both attract and retain tenants.
Cast’s research analyses a hypothetical development to ascertain the impact a variety of residential amenities have on returns. While the amenity offer will vary dependent on location, brand, target customers, resident affordability and operational management strategy etc. the hope is that, in the absence of comparable data, this research sparks debate and helps developers and investors make better-informed decisions.
There is no right or wrong answer, but in a dynamic market, people need to better understand amenities and what value they can generate.
Cast has considered how these non-revenue generating amenities can be made fully viable for developers, investors and operators across the UK in a brief report as a starting point for further industry discussion and debate.
Read Commercial Impact Of Amenity Spaces In Build To Rent Schemes In The UK.
