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"
The majority (61%) of households that do not own and do not intend to purchase a smart home device could be persuaded by reduced household bills or insurance discounts, according to the study, compris...
This information may seem mundane compared with smartphone geolocation software that follows you around or the trove of personal data Facebook Inc. vacuums up based on your activity. But even gadgets...
Meanwhile, Best Buy's push into services and its increasing assortment of smart-home devices—which are now in one out of four U.S. households with broadband Internet, according to researcher Parks Ass...
“Having smart home devices pre-installed in the home creates an immediate opportunity to demonstrate specific value propositions in safety, energy management and convenience,” stated Patrice Samuels,...
