"As more and more individuals opt for electric vehicles, both prospective and existing renters will favor apartment communities that incorporate these options as a standard amenity in their communities," Sharkansky further explains.

Expanded Smart Home Features

Nest thermostats and LED lighting have already become relatively standard in many apartment homes across the U.S. In 2020, these sustainable features will become even more connected with smart tech features.

For example, smart lighting features allow lights to be controlled from a smart phone or other device such as Amazon's Alexa-enabled offerings. The industry will likely see a rise in more high-tech smart home amenities, such as lights that can detect when people enter or leave a room, then adjust the brightness of the lighting. Automating these systems through smart tech features can reduce energy costs while simultaneously appealing to younger generations who place an emphasis on sustainable features.

"Additionally, one of our properties, and soon to be more, uses Hello Carson – a 24/7 virtual doorman service. The app gives guests and delivery drivers access to the building which instantly notifies the resident, it allows direct communication between residents and the on-site manager, and offers the ability to submit maintenance requests, among other features," explains Sharkansky.

Energy Efficient Appliances

A focus on energy efficiency in appliances is not new, however it's one of the most crucial in creating and maintaining a sustainable apartment community and will remain so throughout 2020, Sharkansky tells GlobeSt.com.

Most new and refurbished multifamily properties in the current market feature energy-efficient washers and dryers, dishwashers, and low flow toilets, bathroom faucets and shower heads, among others. These features can significantly impact water and utility usage at a community. In fact, amenities like these are key factors in earning green certifications such as LEED and Green Point – distinctions that renters are seeking out more and more.

According to a report by RENTCafe, 69% of respondents were interested in living in an energy-efficient or green building and willing to pay more to do so.

"This is a key opportunity for multifamily managers and owners – renters are willing to pay a premium to live in sustainable, eco-friendly environments," says Sharkansky.

Sharkansky concludes by saying that "multifamily owners and managers who focus on sustainability are well-positioned to benefit from increased leasing activity based on meeting the demands of today's renters, while also commanding stronger rents and aiding in resident attraction and retention – all of which is key to delivering long-term value."