High-rise horizons: Reducing liability for multifamily facilities

The multifamily residential sector has seen notable expansion in recent years, with demand for apartments surging especially in urban and high-job-growth markets.

According to the US Census Bureau’s American Community Survey, multifamily households in the country climbed to 21.6 million in 2023, with this number rising by 1.8% against 2022, exceeding the pace of all other rental sub-types and overall US household growth.

Rapid population growth, especially in cities, coupled with increasing numbers of households preferring renting, are driving demand for more multifamily units. The proximity to urban amenities, public transport and employment are major draws that are sustaining the growth of the market.

As demand rises, multifamily developments are becoming larger and more sophisticated. With greater density, however, comes greater responsibility: residents must feel safe and secure. Security is no longer an optional feature; it is now a core expectation.

Higher concentrations of people, visitors and deliveries increase exposure to risks such as theft, vandalism or unauthorized access. Properties that fail to mitigate these risks may face higher turnover and reputational damage.