Colorado-Real-Estate-Journal_295011

U nderstanding apartment resident expectations and demand trends are critical in the real estate industry. AMLI’s Sustainable Living Index has been a useful tool for learning how our residents perceive sustainable features. This year, 4,154 residents across the country responded to the survey and, for the fifth year, most respondents reported that green features are important to their living experience. n Renters in Colorado value green buildings. A full 48% of Colorado respondents said the company’s green features impacted their decision on where to live, with 58% reporting they are willing to pay more to live in a sustain- able community. Eighty-two percent of respondents also said living in a community with green features benefits their health. These results send a clear message that renters in Colorado value green buildings. Undercutting the importance of green features are concerns about the economy that have led to more of a focus on affordability. While the overall statistics from the survey emphasize that green features mat- ter to our residents, these numbers are slightly lower than what resi- dents reported in previous years. Green features that have tangible benefits like financial savings or improved air quality were valued the most. Residents no longer give communities Brownie points for their efforts – they want results. For many residents who value sustain- ability, light green features with few perceivable benefits no longer cut it. n Apartment residents have become more savvy. Over the years, we’ve seen multifamily residents become Please see Renter Trends, Page 27 INSIDE While the Denver area saw slowing sales last quarter, the fundamentals remain strong Market updates An influx of new funding and laws creates new programs to help address the challenges Affordable housing PAGES 31-35 Active adult and multifamily communities are fairly similar, despite three differences Active adult trends PAGE 22 August 2022 PAGES 4-8 LauraMcComb Sustainability manager, AMLI Residential Residents are savvy: Greenwashing is transparent AMLI’s Sustainable Living Index surveyed 4,154 residents across the country. At its Colorado locations, 48% of respondents said the company’s green features impacted their decision on where to live, with 58% reporting they are willing to pay more to live in a sustainable community. Pictured here is AMLI Dry Creek, a LEED Platinum property.

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