Concierge Amenity Cost Calculator

Concierge is luxury amenity. This calculator sizes.

Daily hours staffed

Loaded hourly rate

Annual premium per unit

Unit count

Net annual impact

$11,120

Annual staff cost

$186,880

Annual premium revenue

$198,000

How the math works

Staff cost = daily hours × rate × 365. Premium = units × per-unit. Net = premium − cost.

16 hr/day × $32 × 365 = $187k/yr cost. 220 units × $900 = $198k/yr premium. Net $11k/yr positive. Thin margin; amenity value beyond pure economics drives decision.

How to Use

Enter daily hours staffed.
Enter loaded hourly rate.
Enter annual premium rent per unit.
Enter unit count.
Read net economic impact.

Frequently Asked Questions

Typical coverage?

Part-time (evenings/weekends): 40-60 hours/week. Full-time day: 50-60 hours. 24/7 coverage: 168 hours/week. Cost scales linearly. Class A full coverage: $250-400k/year in loaded staff cost.

Rent premium?

Concierge-buildings: $50-200/month premium per unit above comparable sans-concierge. 200 units × $100 = $240k/yr. Pencils only in high-rent environments where tenants value the amenity.

Tradeoffs?

Labor cost volatility. Staff turnover. 24/7 coverage expensive. Alternative: virtual concierge apps (tenant-facing service platform). Lower cost, variable satisfaction. Luxury properties: physical concierge still dominant.

How often should I rerun this?

Rerun this calculator whenever inputs change materially — new rent roll data, rate moves, loan balance updates, or quarterly operating data. For active deals, monthly refresh is typical. For stabilized assets under monitoring, quarterly is fine. Treat the output as a decision tool, not a one-time answer — market conditions evolve and so should your analysis.