Space and its value are often characterized by the building and the features within; however, often overlooked is the social and economic values contributed by outdoor amenities.
This case study examines The Fitzgerald, a luxury apartment community located in Baltimore, Maryland. We surveyed its residents about the outdoor amenities they have, what they thought about it, and how much value they place on it. We also interviewed people who oversee the success of The Fitzgerald, looking closely at rental data to qualify and quantify the value that their outdoor amenities provide to The Fitzgerald community.
We hoped not only to quantify the values of certain outdoor amenities, but also to discover what these amenities mean to residents, the community, the management, and to the developers, giving us a better foundation for similar projects in the future.