What Condominium Trends Will Be Shaping the Living Experience in 2025?
Industry players share their expectations for next year in the sixth installment of our outlook series.
The condominium market is entering a new phase, where buyers expect more than just a place to live—they seek an immersive lifestyle that combines luxury, wellness, adaptability and a sense of community. Industry players are closely monitoring shifting consumer preferences and adapting their strategies to meet their increasingly sophisticated needs and wants.
While condominiums haven’t been invulnerable to widespread economic challenges, the demand for high-quality residences with exceptional amenities and services hasn’t diminished. And as we head into 2025, the economic environment will undoubtedly keep influencing the market, especially when it comes to factors like interest rates, inflation and construction costs. But the ultra-luxury segment will likely stay resilient, particularly in high-demand regions like South Florida.
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“The high-net-worth buyers we cater to are less affected by short-term economic shifts,” Nick Perez, president of condominium development for Related Group, told Multi-Housing News. “They’re looking for homes that offer value beyond financial returns, such as lifestyle, tax benefits and prestige.”
From luxury residences with wellness features to new ownership models designed for flexibility, the condo market is moving quickly to meet the expectations of a changing buyer profile.
A magnet for new residents
The southeast U.S. in general, but Florida in particular, has been experiencing an influx of new residents, many drawn by the area’s year-round appeal and favorable living conditions. Marius Fortelni, founder & CEO of Forté Development and the developer of Forté Luxe in Jupiter, Fla., noted that the state has become a preferred destination for those seeking a higher quality of life, driven by lower taxes, better weather and a more international atmosphere.
“Florida’s appeal today is not just seasonal. It’s a full-time lifestyle choice for many,” he said. “It offers a unique combination of business opportunities, leisure and a vibrant cultural scene.”
Cities like New York and Chicago are no longer the dominant draws they once were, with Florida seen as a better place to live, work, raise a family and do business.
Perez noticed that a range of locations appeal to different lifestyles, with places like Pompano Beach and even less traditional markets like Palm Coast becoming attractive options for condo buyers. “We’re seeing strong demand in emerging neighborhoods and developers who can identify and cater to these shifts will succeed,” he noted.
However, it’s not just South Florida that’s seeing growth. In regions like Texas and Tennessee, lifestyle improvements—such as lower taxes and good year-round weather—continue to attract people from all over the country.
Lifestyle-driven living spaces
Today’s buyers are increasingly seeking homes that provide a mix of luxury, convenience and access to wellness. Many developers are responding to this need by focusing on amenities that cater to health-conscious, experience-driven lifestyles. There’s a growing demand for amenities like saunas, cold plunge pools and full fitness centers.
“Wellness-driven living is not just about gyms but about creating spaces that cater to mental and social health, as well,” said Gensler Principal & Global Residential Practice Area Leader Robert Fuller.
Additionally, community-driven spaces, such as coworking areas and social lounges, are becoming just as important as private living spaces.
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Other trends that reflect residents’ changing lifestyles is short-term rental models and the growing popularity of flexible ownership options. “Buyers are seeking properties that offer both security and adaptability, allowing them to enjoy the space while also earning rental income when they’re not in town,” said Fortune International Group CEO Edgardo Defortuna. This trend is particularly prominent in South Florida, where properties like Nexo Residences in North Miami Beach are drawing international buyers looking for flexible living arrangements and lifestyle-oriented amenities.
Condo residents are also increasingly interested in branded residences that provide a combination of luxury, exclusivity and exceptional service—a living experience that mimics hospitality environments.
“People want five-star services, bespoke concierge offerings and wellness amenities that cater to their needs,” Perez said. “In 2025, we expect to see even more tailored hospitality services in residential developments.”
What’s next for the condo market?
Technology will continue to shape condominium trends in the new year and beyond, especially in terms of smart homes, virtual property tours and remote managing tools. Developers are increasingly incorporating cutting-edge technologies into their buildings, enhancing convenience and improving the overall living experience.
“Advancements in tech are making condo living more attractive,” Perez highlighted. “Buyers now expect seamless integration of technology into their everyday lives.”
Looking ahead, we can expect to see even more experience-driven condo developments that will provide buyers with an increasingly sophisticated and personalized living experience. “The competition among developers will drive innovation, and we are just seeing the beginning of these exciting trends,” Fortelni believes.
Other trends worth keeping an eye on in the new year in the condominium space are office-to-residential conversions and modular construction methods. Both of these solutions are becoming more prevalent as developers look for ways to maximize limited land availability and adjust to high construction costs.
“The condo market is adapting to these constraints by finding new solutions, such as mass timber and prefabricated construction, which not only reduce costs but also promote sustainability,” Fuller said.
