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With the rise of social media, particularly photo-sharing apps like Instagram, more and more people are being exposed to and intrigued by luxury interiors, high-end design, and amenities tailored to millennial lifestyle. To keep up with the growing demand for modern spaces, the multi-family industry has begun to incorporate modern design trends and high-tech amenities to suit the renters of today. We’re here to break down the features folks are looking for, with tips on how to best incorporate the styles and preferences of 2019 in your multi-family community.
A Shift in Flooring
The days of wall-to-wall carpeting are long gone, and unlike some rapid technological advances, this is actually a cost-effective shift for developers as well as an aesthetic choice for renters. In 2019, residents are looking for faux-wood flooring throughout their homes, allowing them the flexibility to choose smaller area rugs and runners that match their personal style and taste.
With the increase in freelance and remote work, many of your residents may be regularly clocking in from home. While this may seem like a perk to many at first, it can become isolating to spend a whole work day on your laptop in the living room. Large cities have seen a major increase in co-working offices like WeWork and Regus, but a productivity area in your resident lounge or lobby could be a major draw for prospective residents. A quiet area with plenty of outlets and USB charging stations as well as a meeting or conference room is the perfect way to provide a space where residents can get productive without being isolated.
As we continue to evolve and become more environmentally-conscious, it’s important to incorporate smart-design where we live. When possible, look to utilize energy-efficient appliances and amenities including smart insulation and storm-proof windows that help to keep heat in or out, depending on the season. If there is space for it, consider incorporating a green roof, where residents can grow their own fruits and vegetables. This can be a major draw for millennial renters who are becoming more conscious of ongoing environmental issues, and who are looking to connect with neighbors and fellow residents.
A Focus on Health and Wellness
The current cultural emphasis on health, fitness, and overall wellness has pushed folks to incorporate physical activity and healthy eating into their day-to-day lifestyle. Common areas that include a fitness center are an exciting draw for many renters, and provide a chance for them to get their workout in quickly and conveniently without straying too far from home. It may also be beneficial to consider smoothie or juice counters in addition to coffee bars for that much-needed post workout fuel.
Want more tips on multi-family trends for 2019? Reach out to Olympus today!