September 10, 2020
Rethinking Residential Real Estate
The future of rental housing is flexibility.
Where do you live? For an increasing number of people, the surprising answer is “that depends.” The rise in location-independent careers has birthed a new generation of digital nomads. As a result, we expect the days of the 12-month lease are numbered; the future of rental housing is flexibility. In recent years, Airbnb identified a market of experience-seeking travelers who, whether they are on business or pleasure trips, want to avoid generic hotel rooms and “live like a local” in professionally managed residential accommodations. Airbnb’s growth drove new short-term rental regulations, leading to a new investment opportunity for our ICONIQ community. So, even while the pandemic has restricted nonessential trips, we are anticipating that life with travel will return over time.
Your home is where you are.
ICONIQ believes high-growth markets that offer technology employment, universities and research institutions, culture, and an attractive lifestyle will continue to foster rental housing and travel demand. To that end, we’ve launched a company that purchased buildings in Los Angeles, Seattle, Austin and Denver, with others to come, to deliver an experience for real estate owners that supports flexible living, hospitality, and value regardless of length of stay.
After all, your home is where you are.