New technologies and community gathering spaces are the necessities for apartment buildings today. Properties appropriately leveraging technology, including smart home features, and integrating community gathering spaces and events, are seeing better tenant retention and faster lease times.

“Today’s renters are demanding service-based amenities,” Max Sharkansky, managing partner at Trion Properties, tells GlobeSt.com. “In 2019 for example, one emerging trend is the prioritization of health and wellness amenities within communities. Residents have a choice in the current market, and they will select communities with upgraded gym equipment, fitness classes with trainers, and other wellness-focused offerings.”

The most in-demand services help to simplify residents’ lives. By delivering in-demand, service-based amenities, we are saving them time and money, while simultaneously increasing the likelihood that they will renew their lease with us,” says Sharkansky.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.