As we stand on the brink of a new year, the landscape of multifamily, student housing, and military housing property management is set to witness transformative shifts, driven by innovative smart building technologies like TrustHab’s IoT Solutions. Staying ahead of these trends is crucial for property managers looking to increase NOI, enhance operational efficiency, reduce costs, and provide an elevated living experience for residents. Let’s explore some of the top smart building technology trends anticipated in the coming year.

IoT Integration for Seamless Automation

Anticipated Trend: Increased integration of Internet of Things (IoT) devices for enhanced automation and connectivity.
Impact: Streamlined operations, reduced energy consumption, increased NOI, and improved resident living experience through smart home solutions.

Data-Driven Predictive Maintenance

Anticipated Trend: Utilization of advanced data-driven analytics for visibility into actionable insights for informed decision-making.
Impact: Proactive identification of maintenance issues, minimized operational downtime, reduced costs, and simplified staff workflows.

Advanced Energy Management Systems

Anticipated Trend: Continued evolution of smart energy management systems with a focus on sustainability and cost reduction.
Impact: Property managers can expect optimized efficiency, prolonged life of HVAC units, reduced utility expenses, and a more environmentally conscious approach to energy consumption.

Smart Access Control Solutions

Anticipated Trend: Adoption of keyless smart access control systems for streamlined entry and exit management.
Impact: Increased security, reduced instances of after-hours lockouts, and improved convenience for both property managers and residents.

Enhanced Security through AI and Analytics

Anticipated Trend: Incorporation of Artificial Intelligence (AI) and analytics for advanced security measures.
Impact: Heightened security protocols, real-time threat detection, and enhanced safety for residents and their belongings.

Personalized Tenant Experiences

Anticipated Trend: Implementation of resident-focused smart phone apps to allow for remote control of in-unit smart devices and utility usage monitoring.
Impact: Enhanced tenant satisfaction, boosted retention rates, and encouragement of utility conservation practices.

Eco-Friendly Intelligent Living

Anticipated Trend: Growing adoption of energy-efficient appliances, water conservation solutions, and smart HVAC systems.
Impact: Aligning properties with broader environmental responsibility goals and fostering a green living community for sustainability-minded tenants.

The upcoming year brings substantial potential for the multifamily, student housing, and military housing industries. Property operators embracing these smart building trends stand to gain a competitive edge by offering enhanced living experiences, optimizing operational efficiency, and contributing to a more sustainable future. TrustHab provides a range of IoT-driven Solutions, from Energy Management to Leak Detection systems, that have been strategically designed to assist properties in streamlining operations, cutting costs, and increasing NOI. Contact us today to discover why TrustHab is considered the leading smart building solutions provider for property managers, owners, and investors.