It’s common for newly-opened apartment buildings to offer discounted rent deals during their initial lease-up. The offers are typically described as free rent.
The new K2, for example, is offering a month’s free rent on a 13-month lease to residents who apply no later than April 30 and move in before June 1. That translates to a 7.7% discount on the nominal monthly rent.
K2′s extensive package of services and amenities includes an outdoor pool deck with cabanas and fire pit, a lounge and party area that opens to the pool deck, a high-definition movie theater, an exercise facility with showers, lockers and steam room, a basketball court and yoga studio, a business center with 6 computer stations and separate board room, 24-hour concierge, on-site community garden and expansive dog run, and on-site storage and bike storage.
In-unit amenities include upgraded kitchen appliances and finishes, plank flooring, generous closet space, private balconies in select units, Bluetooth audio sound systems, floor-to-ceiling windows with outstanding views, in-unit washers and dryers.
NOTE: K2 is one of our sponsoring advertisers.