Multifamily Amenity Wars : defining their current state in luxury urban markets and determining impacts of COVID-19
Thesis: S.M. in Real Estate Development, Massachusetts Institute of Technology, Program in Real Estate Development in conjunction with the Center for Real Estate, September, 2020
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| Format: | Thesis |
| Language: | eng |
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Massachusetts Institute of Technology
2021
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| Online Access: | https://hdl.handle.net/1721.1/129092 |
| _version_ | 1826194817569259520 |
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| author | Dubuque, Elise(Elsie S.) |
| author2 | Jen Cookke. |
| author_facet | Jen Cookke. Dubuque, Elise(Elsie S.) |
| author_sort | Dubuque, Elise(Elsie S.) |
| collection | MIT |
| description | Thesis: S.M. in Real Estate Development, Massachusetts Institute of Technology, Program in Real Estate Development in conjunction with the Center for Real Estate, September, 2020 |
| first_indexed | 2024-09-23T10:02:16Z |
| format | Thesis |
| id | mit-1721.1/129092 |
| institution | Massachusetts Institute of Technology |
| language | eng |
| last_indexed | 2024-09-23T10:02:16Z |
| publishDate | 2021 |
| publisher | Massachusetts Institute of Technology |
| record_format | dspace |
| spelling | mit-1721.1/1290922021-07-05T14:03:20Z Multifamily Amenity Wars : defining their current state in luxury urban markets and determining impacts of COVID-19 Dubuque, Elise(Elsie S.) Jen Cookke. Massachusetts Institute of Technology. Center for Real Estate. Program in Real Estate Development. Massachusetts Institute of Technology. Center for Real Estate Center for Real Estate. Program in Real Estate Development. Thesis: S.M. in Real Estate Development, Massachusetts Institute of Technology, Program in Real Estate Development in conjunction with the Center for Real Estate, September, 2020 Pagination: 1-123, 142-146, 124-141. Cataloged from student-submitted PDF of thesis. Includes bibliographical references (pages 144-146). This paper examines the historic, current and future state of luxury residential amenities and the popularly-called "Amenity Wars" in luxury multifamily housing. The research is based on U.S. urban markets with a special focus on Boston, Massachusetts, where the recent building boom and overall healthy economy have created an active and competitive multifamily development environment. It also aims to answer the question: how has/will COVID-19 (coronavirus disease 2019) impact the thinking behind and programming of residential building amenities? The discussion of recent Amenity Wars trends incorporates themes such as catering to resident needs on a lifestyle level; the draw of physical amenities vs. service-oriented amenities; and demographic and market conditions that have resulted in the current state of multifamily demand. Following is an exploration of how, as of summer 2020, the coronavirus's rapid person-to-person spread has proved particularly disruptive to the way multifamily housing operates, and how it has challenged existing perceptions about what makes for a desirable multifamily housing experience. The experience of the COVID-19 pandemic will represent a profound moment in collective memory with the power to alter not only the planning and programming of multifamily features and amenities, but luxury urban residential demand in general. As such, it is now time to rethink what the future of the Amenity Wars will look like in both the evolving new normal and long-term new normal. This paper demonstrates how, during the pandemic, innovative designs and other creative solutions have already begun to infiltrate multifamily design and construction. It also establishes that a healthy demand for luxury urban multifamily housing is poised to remain in the long term, along with which additional notable shifts in multifamily feature and amenity programming will occur. Going forward, we should expect to see changes to physical space in the form of more spatially-adaptable buildouts that enable flexibility of use in addition to more private areas and less community focus, as well as a shift toward service over some physical amenities. Additionally, some of the most lasting effects of the pandemic will be in regard to how multifamily buildings are designed to accommodate new demands of teleworking. by Elise Dubuque. S.M. in Real Estate Development S.M.inRealEstateDevelopment Massachusetts Institute of Technology, Program in Real Estate Development in conjunction with the Center for Real Estate 2021-01-06T17:39:40Z 2021-01-06T17:39:40Z 2020 2020 Thesis https://hdl.handle.net/1721.1/129092 1227097607 eng MIT theses may be protected by copyright. Please reuse MIT thesis content according to the MIT Libraries Permissions Policy, which is available through the URL provided. http://dspace.mit.edu/handle/1721.1/7582 146 pages application/pdf Massachusetts Institute of Technology |
| spellingShingle | Center for Real Estate. Program in Real Estate Development. Dubuque, Elise(Elsie S.) Multifamily Amenity Wars : defining their current state in luxury urban markets and determining impacts of COVID-19 |
| title | Multifamily Amenity Wars : defining their current state in luxury urban markets and determining impacts of COVID-19 |
| title_full | Multifamily Amenity Wars : defining their current state in luxury urban markets and determining impacts of COVID-19 |
| title_fullStr | Multifamily Amenity Wars : defining their current state in luxury urban markets and determining impacts of COVID-19 |
| title_full_unstemmed | Multifamily Amenity Wars : defining their current state in luxury urban markets and determining impacts of COVID-19 |
| title_short | Multifamily Amenity Wars : defining their current state in luxury urban markets and determining impacts of COVID-19 |
| title_sort | multifamily amenity wars defining their current state in luxury urban markets and determining impacts of covid 19 |
| topic | Center for Real Estate. Program in Real Estate Development. |
| url | https://hdl.handle.net/1721.1/129092 |
| work_keys_str_mv | AT dubuqueeliseelsies multifamilyamenitywarsdefiningtheircurrentstateinluxuryurbanmarketsanddeterminingimpactsofcovid19 |