The top storylines in multifamily this week are retaining residents through choice, ESG, emergency response for residents, centralization, data-based decisions, tech for reducing burnout and turnover, operational efficiency challenges, Q4 deals and economists distort the record on rent control.
Today’s owners/operators face a choice: either embrace sustainability now and be well prepared for upcoming changes or delay and struggle to catch up later. Ignoring ESG will become increasingly difficult as demands begin to arrive from multiple sides.
The top storylines in multifamily this week are ESG reporting, pet-centric amenities, combatting rent growth loss with revenue recovery, pet tech, selecting proptech, ChatGPT and real estate, the dying American Dream, popular amenities and government lending.
Although each facet of ESG is vital to keeping society on the right path, sustainability in rental housing is becoming increasingly prevalent. Operators and investors are tapping into various products and services that encourage an environmentally-conscience community.
Regardless of what type of commercial real estate you manage, improvements to tenant satisfaction are central to a healthy bottom line. There is quantifiable evidence of a direct correlation between the contentment of tenants and renewal rates, and higher gross and effective rents.
The top storylines in multifamily this week are pets, training and retention, flexible living, the “E” in ESG, the role of multifamily marketers, the brave new world for leasing consultants, developers sour on the Sunbelt, background checks and a record number of people are looking to move.
As climate change and other environmental challenges continue to take center stage, more and more apartment operators are talking about Environmental, Social and Governance (ESG) factors and how to create more comprehensive ESG practices within their organizations.
As apartment operators calibrate their focus on further accommodating modern renters, sustainability is playing a key role in their plans. More renters are becoming aware of their environmental footprint and are making more environment and health oriented decisions in their personal lives.
During the 2022 Apartmentalize session, “Boosting Property Value Through Water and Energy Efficiency,” industry experts discussed the ways that they are confronting higher costs and even boosting revenue by making small changes onsite that make a big difference to the bottom line.
While public fast-charging networks have dominated much of the electric vehicle (EV) charging discussion and while public investment is important to the ultimate success of EVs, owners prefer to charge vehicles at their place of residence, necessitating the prioritization of at-home charging.