Index Investing News
Saturday, May 16, 2026
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

How Technology Will Impact Multifamily Living In 2023

by Index Investing News
November 23, 2022
in Property
Reading Time: 3 mins read
A A
0
Home Property
Share on FacebookShare on Twitter


Tech-infused multifamily communities are likely to provide a more convenient, healthier and … [+] enjoyable lifestyle for renters in the year ahead.

NELSON Worldwide

As technology has evolved, the resident experience within multifamily communities has concomitantly grown ever more convenient, health-enhancing and efficient. Technology-infused amenities and interactive package and delivery rooms, as well as HoT, or Home of Things — among other technology breakthroughs — all herald greater comfort and satisfaction for apartment and condominium residents in 2023 and beyond.

The ultimate goal of this revolution is “to create a personal experience that attracts quality tenants and keeps them long-term, especially when we consider younger tenants who may eventually get married and start families,” says Loren Nelson, vice president, national leader for multifamily with NELSON Worldwide.

“Highest-paying residents won’t live or stay in communities without expected amenities, and are willing to pay for them. Specifically, things like smart home and access-control systems tailored to multifamily such as IOTA capable of customization and learning individual preferences, package locker systems that can include cold storage like Luxor One giving tenants access 24/7 to their deliveries, and EV chargers with no down time like Xeal Energy.

“These things are key to draw and retain higher-paying tenants.”

Evolving mail room

Mail rooms of yesteryear were back-of-house affairs hidden from residents. They are being supplanted by advanced package and mail delivery rooms permitting building residents round-the-clock access to their packages, dry cleaning and chilled groceries.

Meantime, the EV charging stations that were once luxuries are now being viewed by developers as necessities required to attract and retain sustainability-minded residents. EV chargers are also helping owners and developers reap greater net operating income on their parking spaces.

In an effort to make EV charging as effortless as possible, many owners have begun introducing Xeal Energy technology that trims downtime.

Enhanced entry systems now enable multifamily residents to screen cleaning or delivery services by easily accessing authentication or leveraging the use of temporary visitor passcodes. These technologies can also bring efficiencies to property management, helping managers gauge amenity space use and monitor safety, all while boosting resident retention and helping maintain lean and efficient staffing models.

Exchanging data

The multifamily experience is providing ever-greater connectivity and continuity linking all aspects of life, says John Badman, principal with global architecture, planning and design firm CallisonRTKL “We refer to this as the Home of Things (HoT), where physical objects within and surrounding the home are embedded with sensors, software, processing ability and other technologies that connect with and exchange data with other devices and systems over the Internet or other communications networks.”

For instance, he said, your refrigerator could communicate with your phone, which connects to your favorite supermarket. “This feeds into your health stats and connects with your watch, which is linked with your VR personal trainer,” Badman says.

“Apartment light bulb sensors track your modes of transport and measure your carbon footprint. It sounds scary, but the HoT can offer a hyper personalization and insights into your health, wellness and environmental impact. Digital devices are brought together to achieve a more efficient, positive and futuristic lifestyle. If it gets too much, you can always turn the monitoring off!”

Real-time data

Technology is also assuming an increasingly pivotal role in architecture, engineering and construction of residential buildings. For instance, construction companies are advancing safety and productivity through such innovations as Water Hero, which delivers real-time water consumption data into a smartphone’s web interface.

“The user receives an alert when a leak is detected, and the water is immediately shut off,” says Andrew D’Amico, founding president and CEO of New York City-based boutique construction management firm Urban Atelier Group, which has integrated Water Hero into one of its New York City residential developments.

“Additionally, Water Hero alerts users when it detects high or low temperatures. It functions like a security system, allowing users to shut off water remotely while tracking the historical water consumption. Typically, this technology has been prevalent in the single-family market, but we’re seeing further innovation and interest in the high-rise and multifamily space.”



Source link

Tags: ImpactlivingMultifamilyTechnology
ShareTweetShareShare
Previous Post

Sam Warburton: Wales need biggest reform in history | ‘I fear for Wales over next five years’ | Rugby Union News

Next Post

New York Governor Signs Law Partially Banning Bitcoin Mining on Fossil Fuels – Mining Bitcoin News

Related Posts

Curb Appeal Isn’t Just For Listings. Agents Need It, Too

Curb Appeal Isn’t Just For Listings. Agents Need It, Too

by Index Investing News
May 15, 2026
0

The next time you’re telling your clients to spruce up their listing, coach Darryl Davis writes, take a look at...

Just Listed | 11211 Prosperity Farms Road #B203 & 204

Just Listed | 11211 Prosperity Farms Road #B203 & 204

by Index Investing News
May 7, 2026
0

Double office suite for Sale in Palm Beach Gardens PRETTY IN PALM BEACH GARDENS2,034 sqft  Double office suite in Palm...

Virginia Greek Revival Estate Finds a Buyer at .25 Million in Just 2 Days

Virginia Greek Revival Estate Finds a Buyer at $4.25 Million in Just 2 Days

by Index Investing News
May 3, 2026
0

A one-of-a-kind Georgian manor located just 20 minutes from Richmond, VA, has found a buyer after just two days on...

Two Sisters, Two Husbands, a Toddler and a House in the Bay Area

Two Sisters, Two Husbands, a Toddler and a House in the Bay Area

by Index Investing News
April 29, 2026
0

For years, Aviva Maslow and her younger sister Elana casually joked about buying a home together. The two had grown...

DOJ Drops Powell Probe, Clearing Path For Warsh As Fed Chair

DOJ Drops Powell Probe, Clearing Path For Warsh As Fed Chair

by Index Investing News
April 25, 2026
0

The DOJ dropped its criminal probe of Fed Chair Jerome Powell Friday, clearing a key Senate hurdle for Kevin Warsh’s...

Next Post
New York Governor Signs Law Partially Banning Bitcoin Mining on Fossil Fuels – Mining Bitcoin News

New York Governor Signs Law Partially Banning Bitcoin Mining on Fossil Fuels – Mining Bitcoin News

Namibia pulls down German colonial officer’s statue in Windhoek

Namibia pulls down German colonial officer's statue in Windhoek

RECOMMENDED

£26m Aston Villa signing linked with January switch

£26m Aston Villa signing linked with January switch

November 18, 2024
Visa’s trademark applications suggest more involvement in crypto space By Cointelegraph

Visa’s trademark applications suggest more involvement in crypto space By Cointelegraph

October 28, 2022
Bentley Methods, Included 2024 Q3 – Outcomes – Earnings Name Presentation (NASDAQ:BSY)

Bentley Methods, Included 2024 Q3 – Outcomes – Earnings Name Presentation (NASDAQ:BSY)

November 8, 2024
Spurs must now unleash Dejan Kulusevski

Spurs must now unleash Dejan Kulusevski

March 4, 2023
Interview – Charlotte Heath-Kelly

Interview – Charlotte Heath-Kelly

June 12, 2022
Can Europe’s area business survive? By Investing.com

Can Europe’s area business survive? By Investing.com

January 26, 2025
H&R Block Review 2023 | Unlimited Real-Time Tax Advice

H&R Block Review 2023 | Unlimited Real-Time Tax Advice

March 13, 2023
GSK revises fiscal 2023 outlook following robust Q3 performance By Investing.com

GSK revises fiscal 2023 outlook following robust Q3 performance By Investing.com

November 1, 2023
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In