With the current rising inflation across the country, one market has pressed forward based on the increasing demand: multifamily commercial real-estate (CRE). CRE continues to be at an all-time high across the country. But one area is often overlooked – building technology flow into a project in order to meet the increasing demands and expectations of guests and residents.
Developers need to future proof their buildings. The pandemic has left an indelible mark on how and where we work, play, and live - a recent NMHC survey showed that over 91% of apartment residents say high-speed internet is an important factor when considering an apartment with nearly 75% stating that Wi-Fi should be pre-installed. According to that same survey, an additional 69% of residents indicated that community Wi-Fi ranked as an important amenity.
As a real estate and technology professional, when I had the opportunity to tour a brand-new multifamily apartment complex, I was excited to see the types of property technology,also called “proptech,” that the developer installed and what new tech would be available to the residents in this beautiful, well-constructed building. As I entered into a model unit, I was impressed with the FF&E (furniture, fixtures and equipment) finishes, the high quality, and the attention to detail of the unit layout. It was easy for me to envision the elevated experience anyone would encounter while calling this place home.