Constructing multifamily housing buildings to Passive House standards can be done at cost parity

All-electric multi-family Passive House projects can be built at the same cost or close to the same cost as conventionally designed buildings, according to a report by the Passive House Network.

The report included a survey of 45 multi-family Passive House buildings in New York and Massachusetts in recent years. The average cost to construct those buildings was 3.7% more than standard, and in some cases cheaper when factoring in incentive programs.

The report also found that Passive House buildings have reduced energy usage of 30% to 50% when compared to conventionally built properties. “In some cases, these bills are eliminated entirely,” according to a Passive House network news release.

Construction of Passive House buildings has surged since 2018, but Passive House accounts for less than 1% of all multi-family construction started in the U.S. during the past decade. About half of all Passive House projects being built in the U.S. are affordable housing projects, illustrating the cost-effectiveness of green building design, the release says.

The report found that construction of all-electric, multi-family Passive House buildings, including market-rate and affordable housing, is primed to soar in early-mover states such as Pennsylvania, New York, and Massachusetts. “This is due to a combination of bold policy requirements in new energy codes as well as utility-funded incentive programs, energy efficiency programs, and the Inflation Reduction Act.”

The number of adaptive reuse projects in the pipeline grew to a record 122,000 in 2023 from 77,000 registered last year, according to RentCafe’s annual Adaptive Reuse Report. Of the 122,000 apartments currently undergoing conversion, 45,000 are the result of office repurposing, representing 37% of the total, followed by hotels (23% of future projects).

Multifamily Housing | Jul 13, 2023

Walkable neighborhoods encourage stronger sense of community

Adults who live in walkable neighborhoods are more likely to interact with their neighbors and have a stronger sense of community than people who live in car-dependent communities, according to a report by the Herbert Wertheim School of Public Health and Human Longevity Science at University of California San Diego.

Multifamily Housing | Jun 29, 2023

5 ways to rethink the future of multifamily development and design

The Gensler Research Institute’s investigation into the residential experience indicates a need for fresh perspectives on residential design and development, challenging norms, and raising the bar.

Multifamily Housing | May 23, 2023

One out of three office buildings in largest U.S. cities are suitable for residential conversion

Roughly one in three office buildings in the largest U.S. cities are well suited to be converted to multifamily residential properties, according to a study by global real estate firm Avison Young. Some 6,206 buildings across 10 U.S. cities present viable opportunities for conversion to residential use.