Area volume has the potential to better incorporate the height amenity into the value of a property. As appraisers, we can generally observe the premium when trying to compare apples to apples in an analysis of this amenity. Certain types of housing stock may sell for a premium simply because one of the baked in amenities includes above average ceiling height. We saw higher ceiling height appear during this recent U.S. new development boom that has been skewed to the luxury market.
