While that data notably includes partial payments, as many apartment managers worked with their residents to develop flexible solutions, it was better news than expected. Now to see how May and June hold up.
While many developers are supplying new amenities in more traditional apartment homes—targeting greater community involvement, convenience and security—others are experimenting with alternative formats that in some cases seek to align residents with common interests and in others offer greater independence.
While our vision for the new year is hardly as clear as 2020 would suggest it should be, the commercial and multifamily real estate industry enters this new decade with many fresh possibilities for security, efficiency and convenience.
Student housing design is shifting away from luxury amenities more geared toward recreation than studying to condensed living spaces and education-oriented common areas, marking a return of focus to efficiency, affordability and practicality.
Expanding needs among residents and property owners are providing new opportunities for property managers to become influential and even vital, producing properties that attract and retain tenants for the long term and increasing returns for the owner.