There are multiple multifamily conferences every year, including those hosted by Bisnow, Marcus Millichap, and many others. It is impossible for developers to attend all these events; however, it is imperative to stay on top of trends which will attract and retain tenants, which affects profitability.
The following is a summary of the DFW Bisnow Multifamily Annual Conference- November 2021
JPI, Cortland, Kor Real Estate, Greystar, Bright Realty, Douglas Elliman Texas, Hitchcock Design Group, Mill Creek Residential, RREAF Residential, and others.
Putting people at the center of urban transformation; most needs can be met by walking or biking in 15 minutes (www.15minutecity.com).
This means fewer cars in urban environments and more walkability needed. Ride-share lounges are needed, along with parking on property or city street for ride-share, visitors, food deliveries, etc.
The growing demand for services such as dog walkers, laundry, IT, food delivery etc. Requires easy, but secure access into resident buildings.
Research must be conducted to determine demographics, hit gaps in market, and monetize it.
Difficult to deliver anything under 500 SF, which can be popular with the Millennials. Always zoning challenges and of course, NIMBYISM. We need to do a better job being proactive with educating and informing city officials and neighborhoods. Community Design/Fort Worth is doing just that- part of their mission is to engage the public in dialogue about key issues and opportunities BEFORE a project is involved. www.designfortworth.org
Trends in WFH/SFH are still in place. Landscape Forms –“Structure” furniture offers a great solution for these areas. www.landscapeforms.com
Very popular in urban areas. DoggieLawn.com has real grass!! What will they think of next?
(Revenue Add Opportunity for developers!)
Generational Designs stays informed on current trends to create solutions that address and optimize profitability for developers of luxury multifamily communities in Texas. To explore how you can benefit from this opportunity, book a Complimentary Initial Consultation with us below.