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 | Nov 4, 2019
A historic ice cream factory now provides Milwaukee with affordable housing
Thanks to projects like this, the Lindsay Heights neighborhood is definitely on the upswing.
Multifamily Housing | Oct 31, 2019
Soltra at SanTan Village breaks ground in Arizona
Todd & Associates designed the project.
| Oct 30, 2019
James McHugh Construction breaks ground on 1000M, Michigan Avenue’s tallest tower to be
McHugh will start work on the 832-foot-tall residential 1000M tower in December 2019.
| Oct 30, 2019
The Beach Company acquires land for multifamily community in Chattanooga
River Rock project will add 163 apartments near the Tennessee River in Chattanooga’s downtown riverfront district.
Multifamily Housing | Oct 30, 2019
Techno-magnet: Multifamily development attracts top tech workers, students
Proto Kendall Square is wooing grad students and millennial STEM workers from what’s arguably ‘the most innovative square mile on the planet.’
Multifamily Housing | Oct 25, 2019
Chicago’s long-gestating luxury condo tower nears construction
Helmut Jahn designed the project.
Multifamily Housing | Oct 24, 2019
Webster Green brings affordable and supportive housing to the Bronx
Magnusson Architecture and Planning designed the building.
| Oct 22, 2019
Ben Seager, AIA, Named KTGY’s New 75+ Service-Enriched National Practice Area Leader
Ben Seager, AIA, Named KTGY’s New 75+ Service-Enriched National Practice Area Leader
Multifamily Housing | Oct 17, 2019
Development enlivens a city on Texas’ Gulf Coast
Three mixed-use communities in Port Aransas are expanding.
Multifamily Housing | Oct 16, 2019
Covenant House New York will support the city’s homeless youth
FXCollaborative designed the building.