The ROI of Mobility Amenities: Measure Success Using Envoy

Modern residents are rethinking car ownership as traffic, costs, and environmental concerns rise. They want flexible, tech-forward amenities that fit their lifestyles-going beyond the basics like gyms or pools. Car sharing meets this demand by offering on-site, on-demand transportation that’s both convenient and eco-friendly.

Car sharing delivers measurable ROI in multiple ways, making it a strategic investment for forward-thinking properties in the following ways:

• Increased Lease-Up Rates: Properties that offer innovative amenities like Envoy’s EV car sharing consistently lease up faster and attract higher-quality tenants who are willing to pay more for convenience and sustainability. In a competitive market, this can be the difference between a waitlist and vacant units.
• Reduced Parking Infrastructure Costs: The financial impact of car sharing is especially clear when it comes to parking. Developers and property owners can significantly cut construction and maintenance costs by reducing the number of required parking spaces-each structured spot can cost $35,000–$50,000 to build. In cities across the US, car sharing programs have allowed developers to eliminate dozens, even hundreds, of parking spaces, translating into millions of dollars in savings and freeing up valuable real estate for other revenue-generating uses.
• New Revenue Streams: Car sharing isn’t just about saving money-it’s about making it. Residents pay to access shared vehicles, and properties can monetize this amenity through driver fees, amenity charges, or direct revenue-sharing models. Some communities even find that offering car sharing allows them to rent out freed-up parking spaces for storage or other uses, unlocking additional income streams.
• Lower Resident Costs and Higher Satisfaction: For residents, car sharing offers transparent, predictable costs with no surprise fees for insurance or maintenance. This affordability and flexibility appeal to urban dwellers who want the benefits of car access without the burdens of ownership, boosting overall satisfaction and retention.
• A Win for Equity and Mobility: Car sharing also increases mobility options for residents who don’t own cars, supporting greater equity and accessibility within your community. This not only enhances the resident experience but also aligns your property with broader goals of sustainability and inclusion.

In short, car sharing isn’t just a modern amenity-it’s a financial engine that helps properties stand out, save big, and generate new value at every turn.

These benefits aren’t just theoretical. For example, Newport by LeFrak in Jersey City saw increased resident satisfaction and reduced parking demand after partnering with Envoy, giving their property a competitive edge in a crowded market.

When considering the impact of a mobility amenity, it’s important to look at key factors such as:

• The number of units in your building
• Current parking capacity and associated costs
• Your existing amenity budget and resident demographics

By evaluating these elements, you can estimate the potential for increased lease-up rates, savings on parking infrastructure, and new revenue opportunities from driver fees or revenue-sharing models. Properties that have implemented Envoy’s service have reported faster leasing, higher retention, and operational savings-all while enhancing their sustainability profile.

Newport by LeFrak (Jersey City) is a real-world example of how Envoy delivers measurable ROI for multifamily communities. After integrating Envoy’s electric car-sharing service, Newport residents gained exclusive access to on-site Teslas, which they could book seamlessly through the Envoy app. This amenity not only boosted resident engagement and satisfaction but also reduced overall parking demand-a significant benefit in a high-density, waterfront community where parking is at a premium. By alleviating the need for personal vehicle ownership, Newport was able to offer residents a sustainable, zero-emission transportation option that aligns with the community’s environmental goals. The partnership also brought tangible financial benefits: residents enjoyed discounted hourly and daily bookings without the burdens of insurance or maintenance costs, while the property itself benefited from maintenance savings and a simplified amenity management process. Newport’s collaboration with Envoy underscores how mobility as an amenity can enhance sustainability credentials, streamline operations, and drive stronger leasing and retention in competitive markets.

In San Francisco, The Paramount’s partnership with Envoy not only improved occupancy but also qualified for green tax incentives and sustainability grants, directly benefiting the property’s bottom line. The fully managed nature of Envoy’s service meant the property team didn’t have to worry about maintenance, cleaning, or support-Envoy handled it all, allowing staff to focus on delivering a great resident experience. The Paramount saw higher resident satisfaction, reduced parking demand, and new revenue opportunities through amenity fees and shared charging infrastructure.

By putting modern mobility at the center of its leasing strategy, The Paramount demonstrated how an Envoy partnership can turn sustainability into a true ROI driver-making the property more attractive, profitable, and future-ready.

Choosing not to invest in mobility amenities can mean:

• Higher Turnover Rates: Residents may leave for properties that offer modern, sustainable amenities.
• Expensive Parking Expansions: Adding a single parking spot can cost up to $50,000-money that could be saved or reinvested elsewhere within the property.
• Missed Incentives: Without green amenities, you may miss out on valuable tax rebates and sustainability grants.

Envoy’s EV car-sharing service is more than just a modern amenity-it’s a proven investment in your property’s future. From boosting tenant satisfaction and reducing operating costs to opening new revenue streams and meeting sustainability targets, the financial and environmental returns are clear.

Ready to see how Envoy can move your community forward? Contact our team or nominate your residence and explore the value of mobility amenities for your property. Discover how easy it is to offer a smarter, greener, and more profitable resident experience with Envoy today.