Connected Technologies Drive New Value and Revenues in Multifamily Properties; Smart Home Technologies Create 23% Increase in Resident Satisfaction
DALLAS, Dec. 11, 2023 /PRNewswire/ -- Parks Associates' multifamily research quantifies a significant boost in multifamily resident satisfaction when a property provides smart home tech—83% of MDU residents with property-provided smart home devices are satisfied or highly satisfied with their apartment or condo. Only 66% of those without these devices report the same level of satisfaction.
- Only 66% of those without these devices report the same level of satisfaction.
- The event examines the impact of smart home tech on rental value among multifamily properties and how MDU owners and managers can leverage these offerings to attract high-income residents, improve satisfaction, and add new revenues.
- Smart amenities, including connectivity and smart home solutions, can help a property compete and succeed," said Jennifer Kent , VP, Research, Parks Associates.
- The webinar will include key findings from the recent white paper "Smart Living: Elevating the Resident Experience."