exterior view of apartment building that reflects multifamily design-build trends

2024 Multifamily Design-Build Trends

Introduction to multifamily design-build trends in 2024

From bustling urban centers to serene suburban landscapes, the demand for multifamily units is reshaping the residential blueprint, fueled by the growing appeal of mixed-use developments and the quest for reasonably priced, quality living spaces. The factors driving multifamily design-build trends aren’t just about building more homes; they’re about creating communities that balance the vibrancy of city life with the calm of suburban settings, all while embracing sustainability and smart technology to meet the environmental and digital expectations of contemporary renters.

Balancing urban vibrancy with suburban calm in multifamily housing

Multifamily housing construction in 2024 reflects a nuanced growth pattern influenced by demographic shifts, economic factors, and evolving consumer preferences, both in urban centers and less urban areas.

In urban areas, continued urbanization and population growth bolster the demand for multifamily units, with a trend toward mixed-use developments in these regions that combine residential, commercial, and recreational spaces.

Conversely, less urban and suburban areas are also experiencing a significant uptick in multifamily housing interest. The National Association of Home Builders reports that affordability challenges in the single-family market are pushing individuals and families toward multifamily options in these regions as well. This shift is also a response to the increasing desire for a balance between urban amenities and the spaciousness and tranquility of suburban living.

Sustainability: A core element of modern multifamily developments

Sustainability remains a universal trend, with urban and less urban developers focusing on eco-friendly designs and green building practices. This approach, supported by the U.S. Green Building Council, caters to a growing demographic of environmentally conscious renters.

The growing appeal of mixed-use developments

Overall, the multifamily housing construction sector in 2024 is adapting to varied regional demands. While urban areas continue to develop mixed-use, high-density projects, suburban and less urban regions are seeing an expansion of multifamily developments that offer a blend of urban amenities and suburban comfort. Collectively, these trends reflect the industry’s response to a diverse range of housing needs and preferences, underpinned by a common emphasis on sustainable living.

In multifamily housing, design and build for:

  • Biophilic Elements
  • Community-Centric Amenities
  • Efficient Transportation Access
  • Enhanced Outdoor Space
  • Flexible and Adaptable Spaces
  • High-Speed Internet Infrastructure
  • Safety and Security
  • Smart Home Technology
  • Sustainability and Eco-Friendly Elements
  • Universal Design
See more 2024 design-build trends

This article is excerpted from DBS Group’s 2024 Trend Report. Download a copy to see economic, construction, and design-build forecasts in additional industries.