Markets & EconomyTechnology

Setting the tone for energy efficiency in multifamily buildings

A benchmarking system to measure electricity and water usage will be implemented in Kansas City's apartment industry

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Takeaways: Property managers and owners in Kansas City, Missouri, have to produce benchmarks for energy efficiency. The multifamily sector is a culprit for lacking energy-efficient resources. Studies show that energy efficiency in rentals increases home values and decreases vacancies. The City Council of Kansas City, Missouri, recently passed an energy empowerment ordinance to help cut down costs and improve the energy efficiency of multifamily homes throughout the city. Buildings that are 10,000 square feet or larger are required to have benchmarks and regular reports in regards to their energy and water usage by property managers and tenants. A new article was enacted in Chapter 18 of the Code of Ordinances to encourage conservation among the housing sector that is notoriously known for its lack of inefficiency. The city's goal is to raise awareness about wasted utilities through transparency. By improving the energy efficiency of multifamily buildings in Kansas Cit...