How Technology Will Impact Multifamily Living In 2023
Abstract
How Technology Will Impact Multifamily Living In 2023 Tech-infused multifamily communities are likely to provide a more convenient, healthier and ... [ ] enjoyable lifestyle for renters in the year ahead. NELSON Worldwide Tech-infused multifamily communities are likely to provide a more convenient, healthier and ... [ ] enjoyable lifestyle for renters in the year ahead. As technology has evolved, the resident experience within multifamily communities has concomitantly grown ever more convenient, health-enhancing and efficient. The ultimate goal of this revolution is "To create a personal experience that attracts quality tenants and keeps them long-term, especially when we consider younger tenants who may eventually get married and start families," says Loren Nelson, vice president, national leader for multifamily with NELSON Worldwide. "Highest-paying residents won't live or stay in communities without expected amenities, and are willing to pay for them. Specifically, things like smart home and access-control systems tailored to multifamily such as IOTA capable of customization and learning individual preferences, package locker systems that can include cold storage like Luxor One giving tenants access 24/7 to their deliveries, and EV chargers with no down time like Xeal Energy."These things are key to draw and retain higher-paying tenants. " Evolving mail room Mail rooms of yesteryear were back-of-house affairs hidden from residents. Enhanced entry systems now enable multifamily residents to screen cleaning or delivery services by easily accessing authentication or leveraging the use of temporary visitor passcodes. These technologies can also bring efficiencies to property management, helping managers gauge amenity space use and monitor safety, all while boosting resident retention and helping maintain lean and efficient staffing models. Exchanging data The multifamily experience is providing ever-greater connectivity and continuity linking all aspects of life, says John Badman, principal with global architecture, planning and design firm CallisonRTKL "We refer to this as the Home of Things, where physical objects within and surrounding the home are embedded with sensors, software, processing ability and other technologies that connect with and exchange data with other devices and systems over the Internet or other communications networks.