Inside the crystal ball
Thanks to Bisnow for continuing their state-of-the-markets programs during the pandemic. We attend the webinars often and appreciate getting expert insight, especially about all the post-COVID unknowns. The recent national Multifamily update had us feeling optimistic. The general consensus we heard from speakers on the Bisnow National Multifamily Update: Available Capital, Post-Pandemic Design & The Future of Multifamily webinar was optimism. Panelists Mark Stewart, CIO of The Bainbridge Companies, ZOM Living President and CEO Greg West, Waterton CEO David Schwartz, Doug Bibby, President of the National Multifamily Housing Council provided their insights on what’s working now and what the future holds for multifamily. Amenities they anticipate becoming more popular for residents are larger 1 and 2-bedroom spaces and continued inclusion of co-working spaces. They also see more touchless options such as doors, destination-based elevators, and virtual fitness such as Pelotons and workout mirrors so residents can work out without having to catch an Uber or leave and park somewhere. Virtual tours have been highly effective and liberating for the residents by giving them more of a choice in how much engagement they want with the leasing associate. As Mark Stewart said, the American spirit is strong and nobody is giving up. We agree completely!