Multifamily buildings use more energy per square foot of living space than single-family homes. This is mainly because more people are using energy-intensive resources like hot water. As energy costs increase along with square footage, it becomes even more important to make your multifamily housing as energy efficient as possible. 

The good news: energy-saving improvements can reduce energy use in many multifamily buildings by 30%¹ and improve tenant comfort. The savings can be substantial. For example, reducing energy use by 15% in a typical 250-unit master-metered community will increase net operating income and can enhance asset value by over $1 million (using a 6% capitalization rate). In a similarly sized individually metered community, these same savings may increase asset value by over $200,000 annually.

Sources: ¹U.S. Department of Housing and Urban Development | ²ENERGY STAR®