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
High-rise Construction | Apr 17, 2018
Developers reveal plans for 1,422-foot-tall skyscraper in Chicago
The tower would be the second tallest in the city.
Multifamily Housing | Apr 10, 2018
Luxury apartment community in southwest Charlotte provides 288 one- and two-bedroom units
Each of the six buildings will offer 28 corner units.
Multifamily Housing | Apr 10, 2018
Studio Gang’s 11 Hoyt brings over 480 apartments and 50,000-sf of amenity space to NYC
The tower is Tishman Speyer’s first ground up condominium project in New York City.
Multifamily Housing | Mar 28, 2018
The latest data in the multifamily ‘amenities war’
Download Multifamily Design+Construction’s free 16-page report on the amenities multifamily architects, builders, and developers are providing their tenants and code buyers.
Multifamily Housing | Mar 21, 2018
Apartments outperform office, retail, industrial properties: NMHC research
Apartments offer strong returns and relatively low risk, according to new research from the National Multifamily Housing Council Research Foundation.
Multifamily Housing | Mar 14, 2018
How to solve the housing crunch on college campuses
A growing number of public and private academic institutions are turning to designers and architects for alternative housing strategies—particularly in high-density areas on the East and West Coasts.
Hotel Facilities | Mar 6, 2018
A New Hampshire college offers student housing as hotel rooms during the summer
The opening of a new residence hall could help with Plymouth State University’s hospitality marketing.
Multifamily Housing | Mar 4, 2018
Katerra, a tech-driven GC, plots ambitious expansion
Investors flock to this vertically integrated startup, which automates its design and construction processes.
Multifamily Housing | Feb 28, 2018
Transwestern data points to demand for larger rental units among baby boomers
As baby boomers seek to downsize from large homes, developers are increasingly designing apartments specifically for this demographic.
Multifamily Housing | Feb 27, 2018
Victorian era gasholders become modern residences in London
The new residences are part of the King’s Cross redevelopment scheme.