Many apartment operators have worked diligently to improve their pet-friendliness levels. And if pet friendliness wasn’t already a primary focus, it definitely should be now. New data indicates that the well-documented spike in pet adoption during the pandemic has made an impact in the apartment world.
While proprietary data systems were favored in the past, the industry is gravitating toward a data-sharing model, knowing that the ability to integrate data enhances the capabilities of the provider and operator. And yes, pet and assistance animal information is part of the mix.
Seeing that nearly 70% of residents are pet owners—that’s more than two-thirds of a community’s population—it makes sense that pet data would be tracked in the same way. Those who do aim to track pet data often do so in haphazard fashion.
Six months of paused evictions, lulls in rent hikes and waived fees have helped countless renters better weather the pandemic, but have left many housing providers feeling the pain of lost revenue. Providers are responding by seeking to grow asset value via investment in technologies.
Managing resident pathogen fears, stacking your tech strategically, leveraging ESG incentive programs and multifamily leasing performance make up this week’s top multifamily news headlines.
Labor Day marked the unofficial end of summer. On a national basis, multifamily data and metrics have been hovering around the same points since mid-summer. But in the week ending on Sept. 6, we saw the biggest closing of that YoY gap since March.