Gating Access: Challenges in Multifamily Properties white paper examines access control adoption in multifamily housing
At its 27th annual CONNECTIONS™ Conference today, Parks Associates released the white paper "Gating Access: Challenges in Multifamily Properties," in partnership with research sponsor Nimbio, analyzing the current state of access control adoption in the US multifamily housing market. At least 70% of multifamily property managers and owners are interested in each of the top four use cases for smart door locks. These solutions appeal to both residents and management. Currently 11% of MDU (multi-dwelling unit) residents live in a building with smart locks or an access control system, and these results indicate significant market opportunities for access control deployments and retrofits.
The research, in partnership with Nimbio, a leading access control provider, provides insights into access control, smart locks, and smart gating solutions, including use cases, deployment models, best practices, and priorities when retrofitting.
“Multifamily properties are increasingly adopting access control technology to ensure that only authorized persons can enter the property,” said Kristen Hanich, Research Director, Parks Associates, and author of the white paper. “Access control systems offer a wide range of benefits, including increased operational efficiency, reduced labor costs, and improved safety and security for residents.”
The white paper reveals that access control technology is more commonly adopted in communities that charge higher monthly rents. However, the adoption of these solutions is expected to increase as the business case for deploying access control technology continues to evolve.
"We're pleased that Parks Associates' research demonstrates that products like Nimbio’s provide tangible value for managers, owners, and residents alike, and introduce new use cases for access control systems," said Elaine Haney, CEO, Nimbio. “As the market moves towards smart technology, Nimbio’s platform offers one of the most cost-effective and flexible solutions for buildings with existing access control hardware, providing all of the benefits and added safety measures that smart access control has to offer.”
Jim Conti, Nimbio’s VP of Sales and Marketing, will be speaking at CONNECTIONS™’s opening session “Building Connected Home Services” at 3:15 pm CT on May 23. CONNECTIONS™ is taking place May 23-25, co-located with Connected Health Summit, at the Omni Frisco Hotel in Frisco, Texas.
About Parks Associates
Parks Associates is a global research, consulting, and marketing firm with 40 years of experience delivering proprietary consumer data and industry insights for businesses. The firm produces market research reports, forecasts, surveys, and competitive business intelligence on connected consumer, small business, and commercial technologies and related business solutions. A woman-owned and woman-led company, Parks Associates is a trusted partner and advisor to executives, providing custom research, strategic consulting, and forward-looking analysis across smart home, small business, and commercial markets, including security, broadband, entertainment, energy, multifamily, smart buildings, connected health, and emerging AI-driven technologies.
Parks Associates supports industry growth through proprietary research, consulting, and executive networking and convenes thousands of leaders each year through its flagship conferences, including CONNECTIONS™, Connected Health Summit, Smart Energy Summit, Smart Spaces, and Future of Video. Learn more at https://www.parksassociates.com.
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