Multifamily Color Trends: The Right Hue for You

 

As the multifamily industry continues to find new ways to attract and retain residents, the color mind-set of interior paint design in 2015 remains a steady driver in helping residents feel at home in their apartments.

Experts have long contended that color affects mood. Reds are associated with fiery warmth and rage, while blues represent cooler temperatures and calming. Social or cultural levels, as well as personal relationships, and economic conditions can affect how colors trend.

 

“There are a lot of factors, drivers and influences when talking about color,” says Anne Diedrich, an interior designer in Color Marketing & Design at Sherwin-Williams. “The primary driver for those colors is the millennial demographic, in general, because that demographic continues to drive change. They are a large demographic and they have new and differently inspired vantage points. Because of that, they are influencing everything.”

Wall color should represent the type of residents living in apartments

Demographics as a whole play an important role in determining what colors are best suited for a property, she said. Community type and architectural style, as well as building materials and decorative elements, of apartments are considered when choosing interior and exterior color combinations.

Exterior colors are more defined and limited to geographic locations, Diedrich said, but interior walls should represent residents who live within them, the latest trends and company branding.

“You’re building brand awareness,” she said. “It’s determining the feel a particular community would like to convey. It’s important to take a look at demographics, and also the paint applications. Is this paint color being used in a community area or is this being used in unit space?”

Diedrich said that neutral color combinations are popular in multifamily. Lighter wall colors are being matched with some neutral shades, “like a nice, clean white paired with a contemporary gray.”

Color is a state of mind

Color specialist Pantone LLC notes in “The Psychology of Color” that workers at a paint company complained that an office painted blue was too cold. The company repainted the office a warm peach, and the sweaters came off – even though the thermostat on the wall didn’t budge.

Today’s palette of popular multifamily color choices generally follows expressive fashion and design trends with a little splash on the Millennial demographic. Neutrals to spirited, “happy” colors are covering walls to reflect a forward moving generation that is all about a new direction.

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Neutrals in grays and taupes are making units look elegant, upscale

Sherwin-Williams, founded in 1866, works closely with the multifamily industry and offers color solutions that reflect current styles and trends from neutrals to brights.

The company’s Feature Wall Program enables new and existing apartment residents to choose accent colors for their units.

“It gives them a way to personalize their space and make it feel like their own,” Diedrich said.

In common areas, Diedrich said selecting the right color combination is becoming more and more important, especially for Millennials who seek amenity spaces to relax and socialize. Those areas provide opportunities for apartments to get creative with different color combinations.  When using bold and saturated shades, Diedrich recommends just highlighting a column or smaller feature area.

Inside apartments, Diedrich is seeing neutrals in grays and taupes being paired for a more elegant feel.

“It creates more of an upscale look,” she said. “Maybe there’s one neutral wall color used in combination with another neutral from that same color family but slightly darker in value. You still have two neutral wall color selections, but it’s a tonal color combination. It just gives that unit a little more of an upscale feel instead of four white walls.”

A thriving economy can mean more spirited colors for apartments

Like with other styles and trends, economic conditions can play a large factor on what gets splashed on walls. In today’s improving economy, brighter and bolder tints are more popular, Diedrich said. However, when markets tumbled in 2008-09 and America recoiled, the tone was different for home interior design.

In 2008, the Rohm and Haas Paint Quality Institute (PQI) endorsed drab and dark colors like greens, blacks and browns mixed with whites, silvers and reds. PQI said the colors represented environmental responsibility and a nurturing, caring environment. A year later as America transformed, PQI chose a palette of bronze metallic, dusty purple, deep blue and rosy pink that took a “cue from the continually changing skies” and provided “the homeowner with colors represented at sunrise or sunset”.

Today, with the economy chugging on most cylinders and people sleeping easier at night, PQI’s colors of choice are more neutral and symbolic of a tranquil, serene and relaxing experience. Colors like white, off-white, beige, taupe, soft blue, or black are trendy for areas where residents seek refuge and comfort, like bedrooms and family rooms.

And for the more spirited, a perky rainbow of colors await.

“Certainly economic conditions play a role in influencing color trends,” Diedrich said. “The economy, the environment, fashion, design trends. There are certainly many factors that influence it. They are definitely more spirited and stylized, an optimistic vibe to all the color selections today. People are more optimistic and things are hopefully more on the up and up. That will certainly affect the colors we see today and moving forward.”

(Image Sources: Shutterstock)

 


Contributing Editor, Property Management Insider
President, Ballpark Impressions, LLC

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Tim Blackwell is a long-time publishing and printing executive in the Dallas/Fort Worth area who writes about the multifamily housing and transportation industries. He has contributed numerous articles to Property Management Insider, and worked as a newspaper reporter in the D/FW area. Blackwell is president of Ballpark Impressions, and publishes the Cowcatcher Magazine. He is a member of the Fort Worth Chapter/Society of Professional Journalists.

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