Santa Monica is a beachside city, so it's no surprise that the housing market there is hot. But what does the future hold for Santa Monica apartment living? With its beautiful views and proximity to Los Angeles, the demand for Santa Monica apartments remains high. We have three predictions on how this will shape things in 2022!
1. More people will move to Santa Monica for its proximity to LAX and beaches -The population growth in this popular destination is due in large part to the easy access it provides to LAX and its pristine beaches with views stretching out across Catalina Island. Not only does Santa Monica have one of the most beautiful coastlines, but it also has a wide range of attractions, making it easy for just about anyone to live here. The community offers excellent schools in well-maintained neighborhoods, corporate offices, boutiques, restaurants, and just about anything else you can think of.
2. Millennials will make up a greater percentage of the population – There is a new generation in town and they're not just changing the way we do things, but also how we live. In 2015, millennials were reported to make up 24 percent of Santa Monica's population and the number has only risen since then. The future of Santa Monica is in the hands of Millennials, and their influence will continue to grow.
3. The influence of Generation Z and Millennials on interior design - We’ve examined how the new generation of renters will affect luxury apartment interior design in 2022. Gen Z and Millennials are highly influenced by technology, so we predict they will be more likely to request high-tech features such as smart locks or smoke detectors. They also prefer a clean aesthetic with white walls and minimal furniture, which means less clutter and more space for guests! For these reasons, we think that Generation Z is going to have an impact on what people want out of their living spaces in the future.
We're excited for these trends that are shaping Santa Monica apartment living in 2022! With a range of studio and one-bedroom apartments, as well as premium apartment finishes and features, our team at NMS 1539 Downtown Santa Monica Apartments has already started incorporating some of these changes into our property. What do you think? Which trend excites you most about what it means for the future of apartment living?