|Fig 1. Maintenance fees increase as the area of an apartment increases.|
It is also interesting to note that while this general principle shows increasing area is correlated with increasing fees, there is a bit of variance between maintenance fees for a given square footage. For example between 600 and 650 square feet you could pay as low as $195 and as high as $270 from the data set I am using. This means that you do have some choice in the fees you pay, if you choose the apartment carefully!
So where does this extra variance come from? I also took a look at age and maintenance fees to see if that might provide some more insight:
|Fig 2. Maintenance fees are generally higher in older buildings|