Green initiatives and health-focused offerings are increasingly prevalent in multifamily. Wellness features are becoming more and more attractive to tenants and potential tenants. Here are some of the trends that will likely stick around for a while.
Fitness amenities - bicycle infrastructure, fitness-focused social spaces, and more - are popular. Residential properties with these features are experiencing higher pricing premiums, below market turnover, and longer waiting lists.
Construction and development services are seeing a rise in requests for more than just a gym in the multifamily property. Yoga studios, meditation, massage, and more amenities are adding value more consistently.
Other trends include sourcing construction, decor, and other materials from sustainable vendors and products. Many companies are looking to set carbon emission reduction goals, procure more LEED certifications, and incorporate more natural elements into every facet of the property.
And, as a direct result of the pandemic, the physical health implications of the buildings people are living in have now also become a focus area for investors and developers looking to create more healthy living spaces in the future.
For more information about multifamily wellness trends, click the link below.
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