Providing market intelligence for more than 35 years

In The News

Parks Associates Unveils 2025 Property Innovation Award Nominees

In an exciting reveal, Parks Associates has announced the nominees for the third annual Property Innovation Awards. This prestigious event recognizes the forefront of innovation in multifamily proptech, spotlighting companies and their unique contributions to smart living solutions.

Parks Associates has extended the deadline for submissions to these awards, emphasizing the need for continued innovation in the industry.

Smart Spaces, an initiative by Parks Associates, aims to facilitate discussions among property owners, building managers, and technology providers.

According to Mindi Sue Sternblitz-Rubenstein, Vice President of Marketing at Parks Associates, there exists a significant opportunity within the multifamily market for smart home and security solutions. In their latest estimates, Parks Associates reports that the smart multifamily dwelling (MDU) market includes over 35 million residential units in the United States, emphasizing the vast potential for growth.

From the article, "Parks Associates Unveils 2025 Property Innovation Award Nominees" by Logan Wright

Previously In The News

Amazon Prime Improves Its Customer Retention Rate

It's also comparable to the 9% annual churn for Netflix (NASDAQ:NFLX), which tops all streaming services, and much better than the 50% rate for Hulu, according to research from Parks Associates. Aside...

2018 Market Report: Security and the Smart Home Installation Channel

More than 60% of installing dealers now report that DIY systems are biting into demand for their services, according to the fifth annual Residential Security Market Report (2018) from the research fir...

Network Security: Hacking Fears Could Scare Consumers Away from Smart-Home Devices

The rising occurrence of high-profile security hacks and privacy breaches, as well as being personally victimized, are contributing to ever-increasing consumer anxiety about smart home devices and pla...

5 Mistakes to Avoid When Selling Smart Locks

Smart locks contribute enhanced convenience as well as increased security, two of the principal driving factors in any smart device sales. In fact, a recent Parks Associates study found that 45% of sm...