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You’ve decided to develop a property. You’ve secured the funding and you’ve found an excellent location. You know who your prospective tenant is. You’ve hired an architect, chosen an interior designer, and selected a builder. You’ve planned substantial marketing and promotion surrounding your opening. You’ve got reliable suppliers, and you’ve hired a smart and service-minded …
The multifamily housing industry is experiencing a huge boom in demand all over the US, leading to an abundance of new multifamily developments in many regions. With a projected 1.6 million additional renters, tenant demand for more – and better -amenities has launched an arms race among property owners.
The stakes are higher than ever when it comes to delivering a relevant and robust tenant life. Common areas are expanding. Amenities are being designed to meet the needs of residents who want to gather socially or do work there. Communities are beginning to resemble hotels and resorts in their look and feel, and in …