The above average performance of the multifamily housing market is predicted to continue in 2020 and well beyond. The low vacancy rate is spurring the demand for investors. Accelerating the value and has developers anticipating a great year.
What Is Hot In The Multifamily Industry For 2020
Creating a more interactive experience for guest and visitors with flexible areas for both play and work, cafes, social hubs, computer stations, game rooms, and libraries. Incorporating design elements that are flexible, so they can easily change with the guests’ preferences.
Greener And Cleaner Construction
Whether you have a building that needs renovations with cleaner, more efficient materials or new construction that needs to be certified with the LEED credit list, both will see big payoffs. Greener and cleaner construction have become a big component of the multifamily industry.
The Key To A Successful Project Is To Stand Out From The Competitors
New construction and upgrades of existing properties will need to focus on high tech and ‘green’ construction. A key factor for continued growth will be to understand the demographics and achieving their needs.
2020 Is Expected To A Great Year For Investors
Those markets in close proximity to growing core cities and gateway markets, such as Atlanta, Orlando, Tampa, Jacksonville, and Columbia South Carolina, may be the strongest. The demand for multi family housing will be strong, but the competition from new construction will be low. Making it a great opportunity for investors.
Stand Out In 2020
The key to a successful development is to stand out from the competitors. New construction and upgrades of existing properties will need to focus on high tech and ‘green’ construction. A key factor for continued growth will be to understand the demographics and achieving their needs.
If you have an upcoming project or renovating an existing building, contact SWET Construction Group for a successful project with high returns on investment!