Concierge Service

Beginner 🏠 Real Estate

Definition

High-end property services that cater to wealthy residents' every whim, from car washes to dinner reservations. Because the ultra-rich might actually have to call their own Uber.

Example Usage

The luxury high-rise's concierge service arranged everything from restaurant reservations to private aviation.

Origin

Adapted from French hospitality terminology

Fun Fact

Concierge services add $10-30K annually to condo fees but are standard amenities in $5M+ properties.

Source: Building Owners and Managers Association

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