Key Highlights
- 68% of multifamily property managers believe upskilling is essential to stay competitive
- 45% of multifamily employers increased training budgets in the past year
- 72% of property managers feel that continuous training improves resident satisfaction
- 55% of multifamily companies offer digital skills training to their employees
- 82% of industry professionals agree that reskilling can reduce turnover rates
- 37% of employees in the multifamily industry reported feeling underprepared for new technological tools
- 65% of multifamily firms plan to implement virtual training programs in the next year
- 54% of leasing agents cited upskilling in customer service as their top training need
- 48% of multifamily property managers have completed training in energy efficiency practices
- 61% of industry leaders believe that AI and automation will require new reskilling initiatives
- 71% of employees reported increased confidence after participating in upskilling programs
- 81% of multifamily companies believe that upskilling can help handle increased regulatory compliance
- 49% of survey respondents indicated a lack of digital literacy as a barrier to industry growth
With 68% of multifamily property managers deeming upskilling essential for competitiveness, the industry is investing heavily in digital and technical training—highlighting a crucial shift toward reskilling and continuous learning to meet evolving resident expectations and technological advancements.
Employee Development and Engagement
- 68% of multifamily property managers believe upskilling is essential to stay competitive
- 45% of multifamily employers increased training budgets in the past year
- 72% of property managers feel that continuous training improves resident satisfaction
- 82% of industry professionals agree that reskilling can reduce turnover rates
- 71% of employees reported increased confidence after participating in upskilling programs
- 40% of multifamily professionals see upskilling as an investment into career progression
- 29% of multifamily firms reported difficulties in scaling staff training programs
- 58% of industry leaders have introduced mentorship programs to facilitate skills development
- 46% of employees in the sector rate ongoing training as a key factor in job satisfaction
- 64% of multifamily investors prioritize companies with robust upskilling initiatives
- 83% of multifamily professionals consider soft skills training as vital to service delivery
- 62% of multifamily companies use gamified learning techniques to enhance employee engagement
- 41% of employees reported that peer-to-peer learning enhanced their skills more than formal training
- 66% of staff believe reskilling opportunities positively impact their loyalty to the company
- 60% of the industry expects to increase investment in employee development over the next two years
- 51% of multifamily firms report higher resident retention rates after staff training initiatives
- 47% of staff in the sector are interested in leadership development programs
- 62% of firms reported that cross-functional training improved overall team collaboration
Employee Development and Engagement Interpretation
Technology Adoption and Digital Tools
- 50% of firms have adopted mobile learning solutions to facilitate training on site
Technology Adoption and Digital Tools Interpretation
Training and Upskilling Initiatives
- 55% of multifamily companies offer digital skills training to their employees
- 37% of employees in the multifamily industry reported feeling underprepared for new technological tools
- 65% of multifamily firms plan to implement virtual training programs in the next year
- 54% of leasing agents cited upskilling in customer service as their top training need
- 48% of multifamily property managers have completed training in energy efficiency practices
- 61% of industry leaders believe that AI and automation will require new reskilling initiatives
- 81% of multifamily companies believe that upskilling can help handle increased regulatory compliance
- 49% of survey respondents indicated a lack of digital literacy as a barrier to industry growth
- 67% of property management companies offer onboarding training for new hires
- 52% of leasing staff have received training on using virtual tours and digital marketing tools
- 76% of property management professionals believe digital literacy is critical for future roles
- 69% of leasing agents have improved their skills after participating in specialized training
- 70% of industry respondents plan to increase their spend on digital training resources
- 44% of property managers have participated in cross-training across different operational areas
- 59% of staff reported feeling more prepared to handle compliance issues after targeted training
- 53% of leasing teams have received training on the use of CRM tools for lead management
- 65% of multifamily executives see technological upskilling as a strategic priority
- 55% of industry firms have integrated virtual reality (VR) into their training programs
- 78% of multifamily companies recognize training as a key driver of operational efficiency
- 49% of property managers lack formal training in sustainable building practices
- 80% of multifamily professionals believe ongoing training helps adapt to market changes
- 33% of firms find it challenging to measure the ROI of training programs
- 74% of employees feel more competent in their roles after targeted reskilling efforts
- 44% of leasing agents have received training specifically on digital marketing
- 69% of industry leaders consider upskilling a vital component for future resilience
- 58% of property managers have used online platforms to facilitate employee training programs
- 41% of industry professionals view upskilling as essential for technological adaptation
- 75% of property management companies included a dedicated reskilling component in their recent strategic plans
- 49% of new hires undergo specialized onboarding training
- 65% of employees reported increased productivity following targeted training sessions
Training and Upskilling Initiatives Interpretation
Sources & References
- Reference 1NATIONALMORTGAGEPROFESSIONALResearch Publication(2024)Visit source
- Reference 2MULTIFAMILYEXECUTIVEResearch Publication(2024)Visit source
- Reference 3FORBESResearch Publication(2024)Visit source
- Reference 4JLLResearch Publication(2024)Visit source
- Reference 5NARResearch Publication(2024)Visit source
- Reference 6BIGGERPOCKETSResearch Publication(2024)Visit source
- Reference 7MULTIHOUSINGNEWSResearch Publication(2024)Visit source
- Reference 8GLASSDOORResearch Publication(2024)Visit source
- Reference 9ENERGYResearch Publication(2024)Visit source
- Reference 10TECHREPUBLICResearch Publication(2024)Visit source
- Reference 11SHRMResearch Publication(2024)Visit source
- Reference 12NAAHQResearch Publication(2024)Visit source
- Reference 13NREIONLINEResearch Publication(2024)Visit source