Some of the top real estate disrupters heading into 2019 can become opportunities if you view investment with a creative lens.
Amenity creep, especially in the apartment and hospitality sectors, is changing the way owners and investors look at their products. Tenants continue to push for more robust amenity packages, meaning owners need to be creative to catch their attention. Construction technology, autonomous vehicles, cyber security, and other disrupters also promise to present challenges for residential projects moving forward. We believe, however, that they open the door for innovation and change.
We would love to brainstorm more with you. Here are a few thought starters:
One concept for consideration is the micro-apartment. These are full-service living units constructed in a compact footprint. Usually standing around 350 square feet (total) in size, these units can be marketed towards young professionals, students or frequent business travelers. While looking for a private residence, these individuals spend little time at home. Often found in dense urban areas, micro apartments can be a way to provide a lower entry cost for private residence.
Consider an apartment where the entire unit can be controlled via an app: the lights, the heat, the music all set to personalized preferences triggered by your arrival in the building. Property management that can provide support via a chat screen on your phone. This idea of a ‘smart’ apartment could be marketed to many age groups from Generation Z and millennials, to aging baby boomers to the elderly.
Housing serves the environment in new ways as increasingly, builders integrate green spaces into their design. Integrating balcony and rooftop gardens can offer inhabitants the ability to grow their own food and connect with nature. By adding green spaces to our buildings, do we neutralize the environmental impact of development? Or, does having plants outside our windows simple raise our spirit?