PropTech in Multifamily Real Estate: Enabling a Curb to Couch Experience
glennfelson.substack.com
As new construction in Commercial Real Estate has slowed down considerably since the start of the pandemic, the Multifamily sector has filled its void. Many of the country’s largest developers have shifted their new construction focus and resources into Multifamily projects. Interest rates have raised sharply, and with no signs of slowing down, housing has become less affordable; driving more people to rent instead of own. In order to lure residents to their buildings and increase what they can charge for rent, developers are getting very creative with the amenities that they offer. These include state of the art fitness centers, onsite pet salons, golf simulators and on demand workspaces. But I would argue that the most important amenity decision that the developer needs to make is the tech platform that they will deploy throughout the property.
PropTech in Multifamily Real Estate: Enabling a Curb to Couch Experience
PropTech in Multifamily Real Estate: Enabling…
PropTech in Multifamily Real Estate: Enabling a Curb to Couch Experience
As new construction in Commercial Real Estate has slowed down considerably since the start of the pandemic, the Multifamily sector has filled its void. Many of the country’s largest developers have shifted their new construction focus and resources into Multifamily projects. Interest rates have raised sharply, and with no signs of slowing down, housing has become less affordable; driving more people to rent instead of own. In order to lure residents to their buildings and increase what they can charge for rent, developers are getting very creative with the amenities that they offer. These include state of the art fitness centers, onsite pet salons, golf simulators and on demand workspaces. But I would argue that the most important amenity decision that the developer needs to make is the tech platform that they will deploy throughout the property.