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.


 


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.

Yaskawa drives offer quality performance for air handlers and cooling towers on the roof to secondary chilled water pumps in the basement

Bluebeam® Revu® simplifies digital facilities document management from design review to leveraging as-builts, maintenance manuals and O&Ms submittals.

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.


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.

Yaskawa drives offer quality performance for air handlers and cooling towers on the roof to secondary chilled water pumps in the basement

Bluebeam® Revu® simplifies digital facilities document management from design review to leveraging as-builts, maintenance manuals and O&Ms submittals.

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.


 
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