In the last decade, there has been a definite shift in where families are calling home in the Southeastern United States. Multifamily and Mixed use developments have seen a noticeable increase. This change is a small glimpse into the future of apartment living.
How Are Mixed Use Property Changing Communities?
Convenience and Walkability
Today’s consumers are making purposeful life choices to reduce their carbon footprint and taking advantage of the conveniences. Studies show both Baby Boomers and Millennials are the groups most interested in choosing to live within walking or cycling distance to work, entertainment, restaurants, and shops.
These groups also make up the largest group of renters, who are looking for amenities to fit their lifestyle. From mindful community spaces, fitness centers and spas with the latest equipment, bike stations and clubhouses, and designs to support a holistically approach to health and well-being.
Healthy Communities
New construction and renovations incorporating sustainable materials to optimize wellness are attractive to these types of tenants. Incorporating innovative office space, tree lined entryways, communal vegetable gardens, extra wide walkways, and open air seating areas, and multipurpose social rooms.
“These days, the charge toward single-family residences in suburbia has shifted to urban apartments and condos. City condo and apartment projects are booming, and they’re including a lot of retail space. One of the bright spots for new retail development opportunities has come from a surprising source, a surge in multifamily construction. Apartments have become the darling of the real estate industry in recent years thanks to high demand from renters and rising rents. New apartment and condo developments are popping up in metros around the country,” according to Franchise Times.
SWET Construction Group partners with owners of Multi-family housing and Urban Developments to increase their return on their investment. We offer competitive pricing, innovative practices, clear communications and a trusted partnership. We also provide insights, essential data, news and extensive information to better inform their clients and strengthen their market position.