SEATTLE—According to market research company Gfk, more than half of all US consumers are now using smart home/Internet-connected devices to control or automate functions such as entry, temperature and lighting. But the multifamily industry has been much slower to adopt this technology, reluctant to make the investment when there's no way to predict the ROI. That's finally beginning to change, at least when it comes to new construction.
“We're starting to see many of our owners trying new things,” said Sherry Freitas, Greystar's managing director, real estate strategic service. “They dabble a little bit in the latest and greatest, like smart locks or smart thermostats.”
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