Multifamily renters prioritize features and amenities that reflect a mobile, connected lifestyle, according to the National Multifamily Housing Council (NMHC) and Grace Hill 2024 Renter Preferences Survey.
Tenants have a strong interest in shared workspaces, with respondent interest growing from 35% in the previous survey to nearly half of respondents (48%) today. Some 86% of respondents said high-speed internet is either very important or absolutely essential.
The return-to-the-office trend is evident in the number of those working remotely—the share fell from 62% in the 2022 report to 52% in the newest report. But the fact that a majority of respondents still reported working remotely shows that working from home is likely a lasting movement.
Only 4% of renters drive a fully electric or hybrid plug-in vehicle, but triple that amount (12%) said they are planning for their next vehicle to be electric, and 35% are considering it. Charging infrastructure for electric vehicles is lacking, overall, the survey found. Only one-quarter of the existing electric or hybrid plug-in owners said they were at least somewhat satisfied with on-site charging options. The largest group of respondents (34%) reported their communities did not have any chargers.
Related Stories
MFPRO+ News | Oct 6, 2023
Announcing MultifamilyPro+
BD+C has served the multifamily design and construction sector for more than 60 years, and now we're introducing a central hub within BDCnetwork.com for all things multifamily.
Multifamily Housing | Mar 24, 2023
Average size of new apartments dropped sharply in 2022
The average size of new apartments in 2022 dropped sharply in 2022, as tracked by RentCafe. Across the U.S., the average new apartment size was 887 sf, down 30 sf from 2021, which was the largest year-over-year decrease.
Self-Storage Facilities | Dec 16, 2022
Self-storage development booms in high multifamily construction areas
A 2022 RentCafe analysis finds that self-storage units swelled in conjunction with metros’ growth in apartment complexes.
Multifamily Housing | Jun 30, 2021
A post-pandemic ‘new normal’ for apartment buildings
Grimm + Parker’s vision foresees buildings with rentable offices and refrigerated package storage.
