Creating a tribe of like-minded renters, multifamily apartments in 2025 are embracing a lifestyle-oriented approach focused on comfort, community, and earth-friendly choices. 1. Health and wellness are front and center, with amenities like meditation rooms, yoga spaces, and recovery rooms that support balanced living. 2.Eco-conscious features, including green energy options and locally sourced groceries, align with tenants’ values for a greener lifestyle. 3. Multi-generational layouts allow older adults to live near family without sharing a unit, creating a sense of connection and independence. These trends reflect renters’ desires for homes that match their values and long- term needs. RENTALS WILL EMBRACE LIFESTYLE, WELLNESS, & SUSTAINABILITY
NEW YORK CITY FACES HISTORIC SELL-OFF
INFLATION WILL CAUSE LANDLORDS TO INNOVATE
In New York City, we are heading into the biggest sell-off in history. Transaction volume is increasing greatly and will continue to soar as for the first time ever, we will have robust discretionary selling and robust non-discretionary selling at the same time. Normally, we have the former during good times and the latter during tough times. Because different product sectors are performing very differently, we will see robust activity in both. Transaction volumes have been below trend for 7 years in a row, significantly surpassing the four years of below-trend volume we saw during the Savings & Loan Crisis in the early 1990s. Look for further policy headwinds in the multifamily space as Albany overreacts to the election. Why can’t our policy makers understand that all of NY’s housing woes go away with more supply? How much worse can they make it?
2025 will see a continuation and acceleration of the cost-of-living crisis. Tax and Labor laws are changing nationally to address this reality. As of publication, 17% of all renters are in arrears in the US. Renters are turning to the Gig Economy to offset the cost- of-living crisis. Employers are also having to get creative around offsetting increased employee costs associated with RTO mandates. 2025 will see landlords facing continued upward pressure on supply chain costs. They will find it very difficult not to increase rents. Landlords need to come up with creative ways to mitigate these cost increases but at the same time not lower rents. How? Believe it or not, when you look at the tax and labor law trends, it is possible for landlords to offer a program whereby the cost of rent is lowered but not by dropping prices.
HEALTH AND WELLNESS ARE FRONT AND CENTER.
TRANSACTION VOLUME IS INCREASING GREATLY.
17% OF ALL RENTERS ARE IN ARREARS.
Gita Faust Accountant, Consultant, & Landlord Fast Trac Consulting Connect with Gita
Thom Damstra CEO and Founder
Bob Knakal Chairman & CEO BKREA - BK Real Estate Advisors Visit Website
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