Industry Voices

Lexington at Dilworth in Charlotte, N.C.

Pandemic Jump-Starts New Era in Multifamily Design

by franceadminmfahb February 2, 2023

COVID-19 has forced architects to deliver apartment features that are hyper-customized to regional trends and renter demographics. — By Ryan Carver, SGA|NarmourWright Design — As strange as it may seem, the enduring COVID-19 pandemic is creating an opportunity for innovation in the multifamily industry. These days, my colleagues and I at the architectural design and planning firm of SGA|NarmourWright are sharpening our pencils, fine-tuning the services we deliver during this pandemic era and beyond. Our clients need the right product for the right target demographic. We study trends by talking …

February 2, 2023

NMHC Report: Renters Weigh in on Ideal Fitness Amenity

by Jaime Lackey January 31, 2023

Ground-up developers and owners evaluating value-add projects should consider bulking up their fitness amenities to support a wide range of active lifestyles. — By Sarah Yaussi, National Multifamily Housing Council (NMHC) — The health and fitness industry has undergone tremendous transformation in recent years. Specialized fitness centers like CrossFit gyms and spin studios have challenged traditional fitness centers as the workout destination of choice for many. TRX straps, kettle bells and resistance bands have claimed real estate on the weight-room floor. And the growth of on-demand classes and in-home gyms …

January 31, 2023

Industry Voices Operations

Landlords Can Retain Millennial Renters by Offering Flexible Payments

by franceadminmfahb January 30, 2023

— By Stephen Baker of Zego — Paying rent on the first of the month has been the gold standard in the multifamily real estate industry for decades. The origins are a bit murky, but the practice likely stems from the landlord’s desire to simplify operations. Property owners use rent payments for expenses such as unit repairs, cleaning and maintenance. Collecting funds at the start of the month streamlines business operations. But this system presents a significant challenge in the “gig” economy. According to Pew Research Center, 16 percent of …

January 30, 2023

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