Parks Associates' new study, Smart Properties: The Value of IoT for MDUs, a survey of 300 MDU (multidwelling unit) property managers and owners, finds many multifamily residents and staff now expect their property to have an electronic access control system.
"Companies' major drivers for deploying access control are safety-related, both enhancing safety and security in the community as well as promoting the perception of safety among residents and staff," said Kristen Hanich, Research Director, Parks Associates. "Providing staff access to residential units is another key driver and a core component of how these systems' effectiveness is measured."
"Several years of high interest rates led to a lull in new construction, with new technology adoption becoming increasingly prominent in retrofits," Hanich said. "With historic amounts of new inventory hitting the market across both 2024 and 2025, existing properties will need to look towards new amenities for residents or be prepared to cut their prices to compete."
From the SecurityInfoWatch.com article, "Parks Associates: Multifamily units deploy electronic access control to meet resident expectations"
Netflix’s reign as the largest subscription-based over-the-top (OTT) streaming video on-demand (SVOD) service continues (no surprise there), but there was movement in Parks Associates’ ranking of the...
New market research from Parks Associates reveals Apple Watch owners are more engaged with their connected wearable devices than other brands. Three in 10 Apple Watch owners (31%) use voice commands t...
Eight percent of U.S. young adult Millennials (1.5 million) intend to purchase a VR headset this year, according to market research from Parks Associates released in September. That’s more than double...
Half of the people who try a virtual reality (VR) headset say they intend to buy a VR headset. But just 15 percent actually do, according to new market research from Parks Associates. Retailers and...
