Trends in the commercial real estate market are constantly changing. One area which is constantly changing is multifamily properties and their design. Property management and designers must stay on board with all trends to stay bringing in tenants. Multifamily property designs have become more personable within the last year. Designers are also looking at the properties from a marketing perspective by creating a target market for each property. Our friends at SVN | Southgate Realty, LLC have listed and described some 2017 multifamily design trends. Read the post below to find out what they are!
Halfway through 2017, and we have predicted and seen many new trends growing in commercial real estate in the multifamily sector. Many of these trends are updates in more personable designs for multifamily projects. Apartments are more specified and not set on a broad market segment. Some of these trends will stick, but not all trends are long-lasting. Below we will discuss a few of the new and upcoming trends.
Multifamily housing is become more and more design oriented, an idea that starts with target markets. When brainstorming designs for apartments, the target market needs to be specified first and foremost. The demographics, such as age and area, need to be determined to allow for maximum buyer potential. If an apartment complex is going to be built by an elementary school and targeted toward young families, the size of the units need to be larger than for an apartment complex built for college students.
In many new multifamily buildings, designers are insisting on including lounges, clubhouses, fitness centers, etc. With these amenities, programs and easy access should be available for full utilization…