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Not a substantial material cost overall for wood buildings (concrete is another discussion), more time and logistics to tie them in than anything, but the VAST majority of multi-family dwellers consider a balcony or 'outdoor space' as a top priority, even though usage rates clearly indicate otherwise. I suggest that it is mind over matter, given that folks perceive the need, but in reality rooftop social spaces with lounges, Bbqs, kitchens etc. are much better options and/or simply heading down for a walk to the park or patio.
They are the condo/apartment equivalent of single family home 2 car garages. It's a place to store our crap that we never use for its intended purpose but we feel we desperately need.
 
They are the condo/apartment equivalent of single family home 2 car garages. It's a place to store our crap that we never use for its intended purpose but we feel we desperately need.

Obviously YMMV but some condo boards won’t even allow people to store crap on their balconies that aren’t “patio furniture” so 99% just sit empty. In my previous condo it was one of their bylaws.
 
It definitely is in ours. You can obviously have patio furniture, BBQs, planters, but no storage, no off-season tires, no garbage bags. I suppose if you had a nice trunk or tiny shed it would be ok, but our board really doesn't want our place to look unkempt.
 
A friend of mine likes to bbq regularly, so it having a balcony was important. However, it helps to get the size right. Often the biggest ones are empty or under used, you don't really need a huge space but they can be nice to have.
 
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