The multifamily housing industry is expected to gain strength as we move forward in 2021. Apartments and condos are transitioning into a multifaceted environments, which include working, living and learning.
The Coronavirus has made owners, managers, and developers are trying to figure out how to create a community that not only attracts residents, but also ensures their safety.
While predictions for 2021 and beyond for the multifamily industry are positive, life during and after the pandemic has changed. Construction and renovations need to reflect these changes and focus on health and wellness, trendy design palette and new technology.
Great Outdoor Amenities
With more people spending time outdoors, outdoor amenities should be a priority. More private cabanas at the pool, elaborate fire pits, pickle ball courts, volleyball, inviting barbecue areas, and gardening areas will attract potential tenants.
Touchless Tech
Residents want to reduce contact with surfaces, as well as less in person to person contact. Touchless technology offers automated doors, enhanced security, and virtual doorman systems.
Work from Home Support
Many businesses have realized the benefits of having their employees work from home. Creating home office workspaces, incorporating multimedia capabilities, private areas, and conference rooms. Comfortable seating is also important, as well as charging stations and internet access.
Increase Package Storage
E-commerce is not expected to slow down in 2021. In fact property managers of multifamily housing have been inundated with packages. Package solutions will be important and can be a game changer for potential tenants.
In House Dining Options
Residents are inclined to stay close to home since the pandemic. In house cafes and grab and go food kiosks with comfortable seating will create a community feel. Tenants can enjoy a sandwich and drink with the neighbors.
Healthy Home Features
Residents are concerned about the health of the environment, both in their units and common areas. Air and water purification systems and advanced lighting are in high demand.