The top storylines in multifamily this week are offering the right amenities, maintenance retention, evolution of multifamily tech, the rise of sustainability, using TikTok in multifamily marketing, ChatGPT and lead generation and the hidden costs of chronic understaffing.
Amenities play a critical role in the success of a multifamily community. For current residents, they can make or break the decision to renew. Meanwhile, prospective residents will gravitate towards communities that offer amenities that cater to their varying lifestyles.
Consumers have left no doubt that EVs are the future of American transportation. Multifamily developers are in a position to prepare now, installing an adequate number of chargers to meet today’s demands, as well as future-proof their portfolio as EV sales and adoption continue to skyrocket.
The electric vehicle movement is speeding up, making significant gains over the last several years. The industry, however, faces an uphill battle with the availability of reliable chargers for owners. The team at Xeal is solving for this issue.
The top storylines in multifamily this week are driving ancillary revenue, the biggest mistakes on community websites, better leasing through centralization and technology, consumer preferences and amenities, boomerang millennials and Gen Zers staying at home and the single-family rental experience.
The top storylines in multifamily this week are changing resident lifestyles, balancing proptech and people, celebrating fall with residents, opportunities beyond the Sun Belt, is adaptive reuse the next big thing and pet waste harms maintenance efficiency.
The largest shift the industry is experiencing is that residents’ expectations are elevating. Since the pandemic, they have gained a larger appreciation for remaining within their own neighborhood and have an increased desire to stay home—whether or not they work from home.
Xeal and Harrison Street today announced a partnership under which Xeal will install more than 300 EV charging stations at select Harrison Street senior housing, student housing, life science, and medical office properties located in California, Massachusetts, Texas and Virginia.
The top storylines in multifamily this week are renter’s insurance, screening an applicant’s job history, outdoor amenities post-pandemic, the future of apartment demand, developers facing construction delays and merging technology and pets.
Owner/operators have been told for years that the green boom was on the way. The truth, however, is that the green resident wave is already bearing down on multifamily. As environmentally conscious residents begin to dominate the leasing market, the green buildings are set to rise above the competition.