Changing consumer preferences and an increased focus on quality of life and wellness are driving big changes in multifamily development – and the trends show little signs of slowing, according to one industry vet. 

"Amenity spaces have evolved based on the habits and lifestyle changes of our residents," says Laurie Lyons, vice president of business development at Pegasus Residential. "Some of these changes are a direct result of the changing work environment such as work from home.  As people continue to work from home, they desire work stations, more space, sound proofing and high speed internet as their number one priorities."

Lyons also notes that an increased awareness of quality of life factors and overall wellness have contributed to demands for green buildings, smart homes, improved air quality and amenities like salt water pools and meditation areas. She says technology is also playing an increasingly important role for the sector.