The top storylines in multifamily this week are attracting pet owners, value-add rehabs, branding apartments by property class, connectivity infrastructure, reimagining resident retention, the EV surge, Impact Hero Award winners, record apartment demand, and the affordability crisis deepens.
The top storylines in multifamily this week are parking management, recession proofing, the difference between service and support animals, marketing and the C-suite, AI and due diligence, ev charging rules, owner expenses for every dollar, SCOTUS denies rent contol case, and development delays.
The typical industry reaction to headwinds is to batten down the hatches, but inflation rates limit the efficacy of reductions. Cuts can trim budgets but also impair retention efforts. Operators are finding renewals, new revenue streams and NOI strategies better positions them to weather the storm.
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.
The top storylines in multifamily this week are renter income volatility and rent payments, preparing now for the surge in EV, using data to create actionable reports, investors’ concerns for the new year, increases in vacancies and the benefits of insurtech to track compliance.
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.
Xeal, a leading provider of EV charging stations and smarter technology for the multifamily industry, today announced an agreement with Friedman Realty Group to provide charging stations for FRG’s Philadelphia portfolio, bringing charging to communities situated on the historic Main Line of Pennsylvania.
The top storylines in multifamily this week are successful EV charger installation, how e-commerce can help property managers, technology’s impact in multifamily in 2023, addressing supply chain issues, rent control measures in 2023 and the multifamily outlook for the next year.
The surge of new electric vehicles (EV) coming to market has triggered waves of changing tenant and consumer behaviors. A recent report by NMHC/Grace Hill found that 27% of renters are interested in locations with available EV charging stations and would pay $30.00 more per month for this amenity.
Xeal, a leading provider of electric vehicle (EV) charging stations and smarter technology for the multifamily industry, today announced an agreement with StreetLights Residential to install a significant number of charging stations across the company’s nationwide pipeline of new developments.