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Dec 19

Innovation Pushed Boundaries, Renters Remained Active in 2019

Posted by: Entrata | Category: Technology

Some insisted that the multifamily sector would lag behind the technology curve. Others believed the industry was bound for a slowdown. 

2019 begged to differ. 

The industry continued to innovate at a frenetic pace in the final year of the decade, as artificial intelligence, intuitive property management systems, virtual reality and advanced cybersecurity measures continued to work their way into apartment buildings. And the downturn that has been predicted for the past several years has yet to arrive. 

On many fronts, 2019 was another promising year in the multifamily industry. While hints of rent control measures sparked in a handful of states, the continued search for a solution to affordable housing and the short-term rental dichotomy remain hot-button issues. Here is a look at some of the positive themes from the year: