This report examines current adoption of smart products in multifamily properties. It also explores the key challenges involved in servicing this market and profiles market leaders.
Multifamily properties and MDUs are adopting technology at an unprecedented rate, undergoing a digital transformation. Internet of Things and smart home devices present multifamily properties with an opportunity to differentiate themselves in increasingly competitive markets, attract new residents, and increase rental revenues. This report examines current adoption of smart products in multifamily properties. It also explores the key challenges involved in servicing this market and profiles market leaders
“During the COVID-19 pandemic, properties faced many pressures including the need to support more remote and virtual interactions with residents as well as overcome widespread staffing shortages. Post-pandemic, residents expect these remote interactions and conveniences, while staffing shortages appear to be here to stay,” said Kristen Hanich, Research Director at the analyst.
