The rise of the residential sector

August 24, 2022
By
Hococo

As the residential sector continues to flourish, building owners and operators must adapt to keep up with the evolving role of the home.

A recent survey by CMS reported in Property Week revealed that residential is the most attractive asset class for investment, with 87% of respondents viewing the category as appealing. The report also found that as the composition of our cities continues to transform, the most popular shift is from retail and office space into residential.

In an evolving urban landscape, it’s clear that residential is the best bet. It’s also certain that the way residents engage with their homes has radically changed within the past few years.

  • In 2020, the pandemic caused a work-from-home revolution.
  • In 2022, it’s clear that home working is here to stay.

A recent study from the Office for National Statistics found that as of February 2022, 84% of those who worked from home due to the pandemic planned to carry on doing so for at least a part of the week. πŸ‘©πŸ’»

Changing role of the home

Our homes are no longer simply places to rest. They must fulfil the additional role of the workspace, where tenants are spending considerably more time than pre-2020. Multi-tenant properties must adapt by providing the services and amenities that facilitate a smooth home-working experience.

In a residential boom, those who implement the technology to meet these ever-increasing demands will come out on top, and those who don’t, will quickly get left behind.

Read the full story on the rise of residential on Property Week's article Residential is on the rise in town and city centres around the UK.

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