Let’s face it. The world of multifamily is changing faster than ever and the needs of residents change as well. This isn’t a bad thing at all! The National Multifamily Housing Council in conjunction with Kingsley Associates recently put together a very insightful infographic highlighting the changes and trends in communities nationwide. You may be surprised by some of the findings!
More people are renting – There are 1.6 million more apartment renters today than five years ago which contributes to the swelling 20 million apartments across the nation! That’s a major increase in apartment living and we’re excited to see if the trend continues.
- The Key Takeaway: As more people rent, more communities will be developed, offering many different options in floor plans and layouts. If you haven’t found your dream community yet, be patient, it’s likely coming to your market soon!
They want to walk more – Renters want to be close. Not to everything, but to the places and things that matter most to them. 70% of renters want to be within walking distance to the grocery store and 58% want to be within walking distance to a restaurant.
- The Key Takeaway: Communities (as a whole) want to be close to the action and excitement. If you’re in walking distance to what matters most to you, what more could you ask for!
Apartment Residents’ Interests Differ – Depending on the market, popular community amenities vary. For example, the data shows that 44% of people in the San Diego market consider a vegetable garden a valuable amenity while across the country in the Charlotte-Gastonia-Rock Hill market, 65% seek barbeque grills!
- The Key Takeaway: Every market is different just like every resident!
Emerging Trends – This is where Package Concierge comes in. 72% of residents want a package delivery/holding area and 91% of respondents use their mobile phones all the time! Do you see what we’re getting at here? Package Concierge not only fulfills the package delivery/holding area, but residents can keep up with their deliveries with the new Package Concierge Mobile App! Talk about double coverage!
- The Key Takeaway: Mobile connectivity and bustling lifestyles are drivers in the growth of multifamily living. Not everyone can get their mail or deliveries at the same time; this is where our solution fits in!
So what does this all mean? It means that the future of multifamily is expanding rapidly and Package Concierge is going to be a part of it in a big way. Our growth as a company directly reflects why we are today’s amenity and tomorrow’s expectation. Scroll down to see the full infographic below!