Multifamily properties in Oregon are starting to adopt features to entice millennials to become renters at their complexes. Many millennials are looking to be within walking distance to Starbucks, eateries, and night life while also enjoying features inside their complexes like dog wash bays, areas to fix their bicycles, and social areas to enjoy a glass of wine around a fire pit or a BBQ area.
The opportunity for investors is ripe because many millennials prefer to rent; they want to enjoy the freedom of an apartment lifestyle without homeownership responsibilities—maintenance and a large house payment. We anticipate that these trends of customizing apartment living will only continue at this point. To get ahead of the curve, consider the trends reported in this article:
Everyone is moving in the direction of making the home feel like a full-on zen den with crystals, salt lamps, and yoga studio-inspired decor. And luckily, that blissful oasis doesn’t have to stop when you exit your actual apartment. Wellness apartment buildings are now a thing and they’re even more high-impact than you might have imagined.
There is an increasing trend to focus on wellness—built into the very structure of the building. This includes pools, spas, and full-fledged gyms. It also includes buildings that maximize air quality and minimize noise pollution.
By introducing building components that can minimize disruption to our circadian rhythms, improve our sleep, support healthy eating, improve air quality and optimize our cognitive and emotional health, our homes can enable us to more easily make healthy choices,” the [International Well Building] Institute said in a statement about the project. These components include special water purification, water filtration, and sound buffering, so your ZZZs will be as peaceful and uninterrupted as possible.
This is an excellent time to invest in multifamily properties in the Eugene and Springfield areas, especially since interest rates are rising and there aren’t many available units. The professionals at Pacwest Commercial Real Estate are Eugene multifamily experts. We’re here to help you find the right property to meet your investment goals, and to guide you through the process. You can reach us at 541-687-5871.