The biggest multifamily storylines this week: allowing renters to pay more flexibly, cultivating culture, welcoming more pets for business reasons, status of emergency rental assistance, multifamily investment volume in the south and Twitter’s acquisition of Quill.
The multifamily storylines that matter: Flexible rent payment taking center stage, a record year for adaptive reuse, self-guided tours changing for single-family, the abundance of capital for multifamily, the next phase of the amenity wars and rent growth continues.
With a greater number of residents working from home, there is increasing demand for high-speed internet and community-wide WiFi. High-speed internet and community WiFi is very important to residents and it powers other highly desired amenities.
A new era of apartment leasing and living is upon us. From self-service leasing and smart home technology to the industry-wide adoption of PropTech, technology is empowering residents, onsite teams and operators alike while creating operational efficiencies.
It’s all in the amenities. However, certain amenities have a more profound impact than others. According to the 2020 Pet Policies and Amenities in Multifamily report, pet owners said that where they choose to live is significantly based upon the types of pet amenities that a community offers.
Financial amenities are emerging as the next distinct amenity offering at apartment communities. From flexible payment options and budgeting tools to credit building, financial amenities help support on-time, in-full payments and boost resident morale.
Among this week’s most interesting multifamily storylines: utilizing tech without sacrificing personal connections, reflecting on multifamily’s COVID-19 response, package solutions that might be causing more problems, a look back at the last decade of multifamily transactions, the apartment markets dominating the pandemic era, and amenity must haves as the lockdown ends.
With more residents working from home with greater regularity, they need more than just a place to dock their laptops and take calls. They need everything that the workplace once provided, which includes copying, scanning, printing and fax capabilities.
It’s often the attention to the little things that keeps everything on an even keel at apartment communities. Residents depend on seemingly minor conveniences to help them stick to their daily routines. They build dependencies on those services that have been ingrained into our daily structure.
Workplaces and educational institutions previously provided the materials and equipment required to conduct business or schooling. Now, residents are increasingly turning to their communities to help facilitate those necessary functions, especially printing.