The Hidden Influence of Storage on Property Value

Why giving residents more closet space could be your smartest capital investment.

When developers look to increase the value of their multifamily properties, the focus often falls on flashy amenities—rooftop lounges, resort-style pools, or smart locks with mobile access.

But the secret to long-term value creation might be tucked away in a space you’re overlooking: the closet.

More Storage = More Value

In Greystar’s 2024 Design Survey, 88% of renters said they want more closet space—making it one of the top amenities driving leasing decisions across all regions and asset classes.

That stat isn’t just about personal preference. It reflects a growing need as renters downsize, consolidate, and seek better organization in their homes. And properties that deliver on this are seeing tangible results—faster lease-ups, higher retention, and even increases in asset value.

Why? Because closet space isn’t just an amenity—it’s functionality. And functionality drives satisfaction. And satisfaction drives NOI.

Logic Closet by Spatia Designs

Closet Design as a Value-Add Strategy

When closet systems are thoughtfully designed—and flexible enough to meet real resident needs—they do more than store belongings. They:

•Reduce turnover by improving day-to-day livability

•Support higher rents by creating perceived (and actual) value

•Boost property value through low-cost, high-impact upgrades

Appraisers take functionality and design into account. So while a walk-in closet may not be its own line item, a modern, well-organized unit stands out in comps—especially when prospective renters are willing to pay more to live there.

Logic Closet by Spatia Designs

The Spatia Designs Difference

At Spatia, we help developers turn this insight into action.

Our adjustable closet systems give you a simple, scalable way to enhance livability without breaking budget. You don’t need to redesign floorplans—you just need to rethink the value of the space you already have.

In Closing

When evaluating your next investment or renovation project, consider this:

✅ Pools and gyms get attention.

✅ Closet space wins renewals.

✅ And small, smart upgrades inside the unit can have a major impact on your bottom line.

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