Understand your mid-rise multifamily development options.

What are mid-rise apartments?

Mid-rise apartments are multifamily buildings that are between four and 12 floors. However, the number of stories in a mid-level building varies. This number depends on where you live and the types of apartments in your area.

Common features of multi-story apartments include:

● Personal outdoor space. Multi-story buildings tend to have more balconies and outdoor space than high-rise apartments.

● High-quality amenities. Mid-level apartments usually offer more amenities than low-rise or garden style apartments. However, they don’t offer as many options as high-rise buildings. Nevertheless, plenty of mid-rise buildings do offer luxury amenities that are highly desirable to prospective residents.

● Elevator access. Most multi-story apartments have elevators and stair access, making them more accessible for residents with limited mobility.

● Shared communal spaces. Many multi-story properties offer great communal amenities like laundry rooms, gyms, and swimming pools. This is great when appealing to renters of suburban apartments who want the community offered by a high-rise building and the quiet offered by a low-rise building..

Low-rise vs. mid-rise vs. high-rise apartments

It’s relatively easy to distinguish the difference between low and mid-level buildings. However, the distinction between mid and high-rise buildings is far less obvious.

Mid- and high-rise buildings both tend to be located in densely populated city centers. So, you may be wondering what sets each building apart.

Read on to learn what mid-level apartments are and how they differ from low- and high-rise buildings. Then, explore the pros and cons of mid-rise residential buildings. Finally, discover the best access control solution for multi-story apartments.

Pros and cons of mid-level apartments

Mid-level apartments are a practical investment opportunity for real estate developers because they appeal to a diverse range of residents. These buildings offer a great balance of high occupancy while still offering more privacy than high-rise options.

What’s more, luxury multi-story apartments offer full-scale amenities and an elevated living experience for residents while still being affordable. Luxury apartments with high-quality amenities empower residents to experience living in an upscale high-rise apartment without the cost or lack of privacy.

However, there are many advantages and drawbacks to consider before investing in a multi-story building.

Great views. Most multi-story apartments have balconies that allow residents to enjoy scenic views from the comfort of their units.

Mixed-use capabilities. You can open retail spaces on the lowest floor level and living spaces on the others.

The best access control solution for multi-story apartments

One of the biggest drawbacks of multi-story apartments is inconvenient package delivery. When delivery carriers leave packages in the lobby or leasing area, it usually leads to package theft and lost parcels. But a package room offers an all-inclusive solution that provides delivery couriers with a designated area to complete deliveries. What’s more, it also stores packages for residents until they’re ready to pick them up.

Additionally, multi-story buildings need fast elevator access so residents can navigate the building securely. Investing in an elevator access control solution empowers residents, guests, and staff to access floors they’re authorized to enter. Further, the best elevator controls allow residents to unlock their elevators from their smartphones.