A Buyer’s Guide to PropTech Amenities
- May 20, 2019
It’s a renter’s market in cities across the U.S. The pressure is on property managers not only to compete for new residents but also to retain the ones they have. This is particularly true in the case of Millennials, who are driving the rental market: 60 percent of them choose to rent, and by next year, Millennials will constitute one-third of the total U.S. rental market.
In a recent survey conducted by Schlage, 86 percent of respondents said they are willing to pay more if their apartment had smart technologies. Property Technology, commonly referred to as PropTech, represents a relatively new development for residential properties. To help you navigate the growing world of PropTech, and ensure you’re investing in the right amenities at your building, we’ve put together this guide.
Download this 37-page guide to learn about PropTech amenities.