Apartment property managers can take advantage of the growing trend of telecommuting to attract new residents. Several factors show it's worth it to add features that support remote work as apartment building amenities.
Why You Need Apartment Building Amenities to Attract Remote Workers
CNBC references an IWG study that says 70 percent of people around the world work remotely at least once a week. The New York Times mentions another report from a Gallup survey, which has found that 43 percent of working Americans telecommute for at least some of the time.
What's more is that Global Workplace Analytics says that compared to five years ago, 40 percent more employers in the U.S. offer flexible workspace options. They've also discovered that 50 percent of the U.S. workforce has a job that lends itself to remote work at least part-time. Studies also show that employees in Fortune 1000 companies do not appear at their desk 50 to 60 percent of the time. And the whopper is that 80 to 90 percent of the American workforce wants to telecommute at least part of the time.
Study after study shows Americans desire the ability to do remote work and that companies are offering flexibility to meet that need. Now you know why your apartment building needs to attract remote workers. Here's how you can achieve that.
Bring in Remote Workers with These Apartment Building Amenities
One of the strongest drivers for the explosion in remote work is technology. Having a high-speed Internet connection is a big factor. Networking with Residents: Technology Drives the Multifamily Industry from Xfinity Communites reports that 87 percent of renters say technology played an extremely or very important factor in keeping apartment residents satisfied. Almost half of the respondents state security technologies such as live video monitoring and remote video surveillance are one of the top priorities for apartment building technology investments.
Furthermore, 86 percent agree that apartment building amenities include Wi-Fi solutions. Wi-Fi offers a bonus in that it could potentially affect property value. Overall, three-fourths of the respondents report their property has invested in technology such as fiber-to-the-building and fiber-to-the-unit to entice remote workers.
One of the bigger draws of apartment-living for remote workers is a coworking space or business center in the building. This gives telecommuters a place to congregate with others and socialize without leaving the building. Another option is to add conference rooms for holding meetings. Moreover, you can lure remote workers by providing office-ready spaces inside the apartment building. Many telecommuters prefer to keep their home and office space separate.
According to Schlage and Wakefield Research and NMHC and Kingsley Associates Renter Preferences Report, security is another important apartment amenity. Should apartments use remote video surveillance or security guards? Some apartment buildings take a hybrid approach using both. Others choose the technology because it's more cost effective. For example, Stealth’s proactive solutions are typically 25-60% less than traditional guards and provide the highest possible level of security while limiting liability. Our trained operators watch for activity in real time, to catch events as they happen. We also provide entry management as value-added amenity that enhance the security of your property.
Xfinity Community finds that one-third of the building managers think their property isn't prepared to handle a sudden surge of remote workers. Apartment buildings that aim to create a place to support live-work-play lifestyles will gain a competitive advantage.
To learn more about live video monitoring and remote video surveillance as apartment building amenities that cost the fraction of security guards, please contact us.