Smart Home Opportunities in Multifamily Properties

The multifamily smart home market is attracting many smart home providers and is increasingly competitive. This study examines the smart home preferences of consumers in multifamily homes. It quantifies the appeal of smart home use cases, adoption drivers and barriers, the relative importance of smart technology as an amenity and expectations for its impact on monthly rent. The study also explores consumer preferences for the smart apartment user experience by device category, such as access control devices, smart thermostats, smart lighting, and smart appliances.

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Publish Date: 4Q 2021

Slides: 40

Authored By:
Patrice Samuels - Sr. Manager, Market Research

Published by Parks Associates
© July 2021 Parks Associates

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