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.
Related Stories
Multifamily Housing | Jun 22, 2021
New apartment community breaks ground in Bethesda
KTGY is designing the project.
Multifamily Housing | Jun 14, 2021
Baccarat Residences Brickell set to rise in Miami
Arquitectonica is designing the project.
Multifamily Housing | Jun 9, 2021
MVE + Partners completes One Museum Square
The luxury apartment community is located in the heart of Los Angeles.
Multifamily Housing | Jun 6, 2021
Multifamily Amenities Survey 2021: Get the latest data on 131 key features for apartments and condos
Download the 2021 Multifamily Amenities Study.
Multifamily Housing | Jun 3, 2021
Student Housing Trends 2021-2022
In this exclusive video interview for HorizonTV, Fred Pierce, CEO of Pierce Education Properties, developer and manager of off-campus student residences, chats with Rob Cassidy, Editor, MULTIFAMILY Design + Construction about student housing during the pandemic and what to expect for on-campus and off-campus housing in Fall 2021 and into 2022.
Multifamily Housing | Jun 2, 2021
San Antonio senior living community benefits from HUD 221(d)(4) funding
Cadence McShane Construction Company has completed the construction of Brookwood Senior Apartments, San Antonio, Texas, for repeat client Mission DG.
Multifamily Housing | May 25, 2021
A new condo tower in Brooklyn lets residents swim in the clouds
Brooklyn Point features an infinity pool that’s nearly 700 feet above the street.
Digital Twin | May 24, 2021
Digital twin’s value propositions for the built environment, explained
Ernst & Young’s white paper makes its cases for the technology’s myriad benefits.
Mixed-Use | May 19, 2021
Salt Lake City mixed-use residential community will feature micro units
KTGY is designing the project.