Originally published in Interiors & Sources

08/04/2010

As Property Expenditure Increases, Building Managers Save on Utilities

 
As Property Expenditure Increases, Building Managers Save on Utilities

Cutting down on operating expenditures while maintaining or increasing net income has been a strategy and priority for property managers in 2009, according to the Building Owners and Managers’ (BOMA) 2010 Experience Exchange Report (EER).

“The recession has slowed the volume of sale transactions, placing tremendous importance on maximizing both asset value and net operating income through effective day-to-day management of buildings,” says BOMA International Chair Ray H. Mackey, Jr.

The EER surveyed building managers from 4,200 buildings in over 250 markets and revealed that operating expenses in private sector buildings declined by a little over 1 percent in 2009. While both office and retail rental as well as fixed expenses such as real estate taxes continued to climb, many businesses were able to cut down on utility expenses. In suburban buildings, for example, utilities expenses decreased 9.6 percent during 2009. At 19%, utilities expenses were the second largest portion of total expenditure after fixed expenses (35%).

With a bit of ingenuity, building managers will likely continue to offset unavoidable expenditure hikes with energy-saving, efficiency based renovations and practices. For more information on the report, visit www.boma.org.


 


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Tennant Company is a recognized leader in designing, manufacturing and marketing solutions that help create a cleaner, safer, healthier world. With thousands of satisfied customers already using award winning ec-H2O technology, why not see what you're missing? Test ec-H2O on your soils in your facility. Get a free demo.

 

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Visit our website today to learn about the design flexibility of a Morton building and the endless possibilities of partnering with our designBUILD team.


Wood construction is both cost and energy efficient. Check out Morton Buildings and our designBUILD team online today to discover all the benefits of post-frame construction.


When choosing a metal-clad building for your next construction project, consider Morton Buildings, Inc., and their designBUILD team, we’ll make your dream a reality.

We Can Help You Reduce Energy by 30%

Our mission is to help our customers manage their buildings' energy costs, improve reliability, and enhance performance while having a positive impact on the environment.
CLICK HERE to find out how.

 

Add highly responsive multi-zone comfort to any building project, in any climate. Our CITY MULTI H2i R2- and Y-Series VRF systems give you flexibility to fit the needs of any building. Enjoy 100% heating capacity at 0°F outdoor ambient, and 85% heating capacity at -13°F outdoor ambient.  For more information, log on to www.mitsubishipro.com


Tennant Company is a recognized leader in designing, manufacturing and marketing solutions that help create a cleaner, safer, healthier world. With thousands of satisfied customers already using award winning ec-H2O technology, why not see what you're missing? Test ec-H2O on your soils in your facility. Get a free demo.


Tennant Company is a recognized leader in designing, manufacturing and marketing solutions that help create a cleaner, safer, healthier world. With thousands of satisfied customers already using award winning ec-H2O technology, why not see what you're missing? Test ec-H2O on your soils in your facility. Get a free demo.

 

Replace core drilling with Connectrac In-Carpet and On-Floor Wireways, the proven connectivity solution in open interior spaces of all kinds. These elegant low-profile wireways are great for AV / telecom connectivity wherever it’s needed.

 


 
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