For several years, apartments have been shrinking in size, partly because smaller units are more profitable for property owners. However, as the number of US renters increases, so does the demand for larger units. How can you meet the market need while remaining profitable? Read on!
The building efficiency ratio represents the share of net rentable square feet to the total gross square feet of a building.
For example, if an apartment building with 100,000 square feet of gross area has 85,000 square feet of actual rentable space – The building would have a building efficiency ratio of 0.85 (85%).
How can you achieve this? Work your layout!
With rising construction costs, this type of efficiency is very important. We know you want to be certain the square footage of your building is something that can be monetized. Creativity with space planning and unit layouts/types is the best way to accomplish this objective.
Today, we are seeing numerous opportunities to affordably build multifamily rental housing that achieves a density of 28 to 30 dwellings units per acre (DUA) using new building technology to cut construction costs by 10% to 15%.
BASE4 | All Services In-house
You need design partners who understand how to create an efficient and high-quality living space. With experience all over the country, our designers work with these goals in mind:
The BASE4 team has worked around the globe, providing a wide range of expertise in quality standards, specifications, and international best practices for design. We work with developers and general contractors to rethink traditional building methods by infusing innovative technology, forward-thinking design, and offsite manufacturing principles to build projects CHEAPER and FASTER!
We have over 200 engineers, architects, and designers ready to move your projects through to completion—with fewer coordination errors and faster speed.