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Ask Curbed: The Lobby Effect

Here's one for the co-op board gang: "Is there any evidence which shows how much doing renovations to lobbies or hallways can increase property values? My building is considering upgrading the hallways after 7 years and we are going to be assessed for the renovation." Perhaps we'll broaden the inquiry to ask how much shiny lobbies and well-coiffed hallways play into your own apartment-valuation metrics. Have at it in the comments?or drop a line to tips@curbed.com.
· The Great Chair Heist [Curbed]