- Off Market
- Posts
- ⚒️ Cutting utility costs through smart retrofits
⚒️ Cutting utility costs through smart retrofits
In partnership with
Receive Honest News Today
Join over 4 million Americans who start their day with 1440 – your daily digest for unbiased, fact-centric news. From politics to sports, we cover it all by analyzing over 100 sources. Our concise, 5-minute read lands in your inbox each morning at no cost. Experience news without the noise; let 1440 help you make up your own mind. Sign up now and invite your friends and family to be part of the informed.
📈 Data Point
Rental prices show signs of cooling in 2025
According to NerdWallet, U.S. median rent prices in April 2025 were down 0.8% year-over-year, with the median rent sitting at $1,977. While some markets continue to see slight gains, others—especially in the South and West—have experienced declines. This signals a broader trend of stabilizing rental prices after years of sharp increases. Cities with large multifamily supply pipelines are seeing the greatest softening.
🧭 Market Watch
Gainesville, FL shows strong multifamily momentum
Apartment demand is growing in and around Gainesville, Florida, with listings showing increased interest in communities such as Ocala and Williston. Proximity to the University of Florida, new retail development, and steady population growth are attracting both renters and investors. Monthly rents for some listings remain below $1,500, making the area attractive for workforce housing. The region’s stable job market and student-driven demand provide a strong base for future multifamily investments.
🧾 Rule of the Day
Operating Expense Ratio (OER)
The Operating Expense Ratio shows how much of a property's income goes toward operating costs. It's calculated by dividing total operating expenses by gross operating income. For example, if a property earns $500,000 in income and has $200,000 in expenses, the OER is 40%. A lower ratio means more income is left after expenses, which is better for investors. Most multifamily properties aim for an OER between 30% and 50%, depending on the market and asset class. Know more.
🌱 Green Build
Cutting utility costs through smart retrofits
A report by JPMorgan outlines practical ways multifamily owners are lowering operating expenses. Upgrades such as LED lighting, high-efficiency HVAC systems, and low-flow plumbing fixtures can deliver quick ROI. Smart thermostats and energy management systems also reduce waste and improve tenant satisfaction. These retrofits not only lower bills but also boost a property's appeal to eco-conscious renters and buyers. Know more.
🏘 Deal Radar
Chicago, IL This well-maintained, all-brick legal 3-unit building is located in Chicago's vibrant Douglas Park neighborhood. The property features one duplex-down unit and two simplex units, totaling 6 bedrooms and 4 bathrooms across 3,000 square feet. Situated near Mount Sinai Hospital, Douglas Park, Lagunitas Brewery, and Cinespace Studios, it's ideal for owner-occupants or investors. Listed at $700,000, this property offers strong rental potential in a rapidly appreciating area. | Portland, OR The Cully Building in Portland’s Central Eastside is a 13,349 sq. ft. historic property listed for $1.5M with a stabilized cap rate of 11.8%. Built in 1884 and renovated in 2002, it offers a value-add opportunity with just 25% current occupancy. Features include creative office space, off-street parking, and onsite shower facilities. Its location offers quick access to I-5, I-84, and downtown, with future upside tied to the upcoming Burnside Bridge replacement. | Sherman, TX This is a 21-unit Class A multifamily property built in 2020, spanning 32,322 sq. ft. with 86% occupancy and listed just 3 days ago. Each 800 sq. ft. unit features a smart home package, granite countertops, and in-unit laundry. Located minutes from I-75 in the growing Sherman–Denison area, it's pre-leased to 90% and priced below market rents by ~$300/month. The property has received $165K in upgrades and benefits from rising regional demand fueled by major investments from Texas Instruments and GlobiTech.. |
Showcase your brand/product/services in our newsletter to thousands of leaders in the restaurant industry! Contact us today to advertise with Off Market.
Disclosure: Some content in this newsletter may be sponsored or include affiliate links. Off Market might earn commissions or have a business interest in featured companies. Read our privacy policy.