“In the past, the relationship between property ownership and residents was more one-dimensional; you leased a unit and your work was done.” That is according to Darcy Miramontes, EVP of JLL capital markets, multifamily.Nowadays, she says, residents expect more in terms of the services and the lifestyle that a community offers.
“Square footage is not as important as amenities, allowing projects with an appealing lifestyle to charge more for smaller units,” notes Miramontes. “Residents today are looking for amenities like pet services (including shared community pets), package delivery rooms, community and collaborative spaces, bike rental and repair shops, rooftop decks, smaller and smarter appliances, and an emphasis on storage space.”
Read more...Multifamily Residents Expect More - Daily News Article - GlobeSt.com
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