Rental property owners want access to utility usage data for whole properties

As pressure from investors for ESG reporting mounts, owners of multifamily properties increasingly look to collect whole-building utility usage data.

For properties using electric and gas meters for individual units, comparing energy performance among their properties is difficult if not impossible. So, owners are turning to web-based platforms for reporting and comparing energy utilization among their properties.

Some owners have committed to ambitious sustainability goals such as the Global Real Estate Sustainability Benchmark, and need accurate data to know where to make investments for energy-efficiency projects. To date, the multifamily sector has been slower than other industries to adopt new technologies for energy usage assessments.

Several startups, including Verdigris, Vutility, Redaptive, Utility API and Smappee, have developed tools to address this need.

When tapped to create a modern 280-unit residence in downtown Philadelphia, modular builder Volumetric Building Companies used the MagicPak All-in-One™ HVAC system to optimize square footage, expand rooftop amenities, improve the exterior aesthetics and simplify ongoing maintenance – all with 60 percent less onsite HVAC install time than a traditional split system.

Monaco Apartments in Midland, Texas, designed by HEDK Architects, Connect Structural, and Jordan & Skala Engineers, and built by BC Contracting. Photo: Brian Martin, Hommati

Giants 400 | Nov 18, 2021

2021 Multifamily Sector Giants: Top architecture, engineering, and construction firms in the U.S. multifamily building sector

Clark Group, Humphreys and Partners, and Kimley-Horn head BD+C's rankings of the nation's largest multifamily building sector architecture, engineering, and construction firms, as reported in the 2021 Giants 400 Report.

EXACOR mgo underlayment panels on multifamily jobsite

How TDK Construction Saves Time and Money with EXACOR™ MgO Panels: Getting in on the Ground Level

Smart decisions made at the start of multifamily design-builds can improve efficiency on the job site, keeping projects on-time and on-budget, so you can make your properties profitable sooner. TDK Construction did just that on a recent luxury apartment project in Tennessee.

Tuck under parking at Fairfax Flats, Nashville, designed by The Bradley Projects.

Multifamily Housing | Nov 14, 2021

How to build better parking for multifamily housing projects

In designing and building multifamily projects, parking determines everything from site suitability to the building’s footprint to revenue optimization.