01/31/2012

New York Leads the Nation in O&M Costs

 

New York, NY, had the highest operating and fixed costs in the U.S. last year at $21.44 per square foot, more than five times the average of $4.25 in Fresno, CA. View Larger

New York City boasts the most expensive operating and fixed expenses for office buildings in the U.S., according to BOMA International’s latest Experience Exchange Report.

At an average of $21.44 per square foot, operating and fixed expenses for offices in the Big Apple are more than five times higher than those in the least expensive city – Fresno, CA, which has an average of just $4.25 per square foot.

New York City also topped this year’s ranking of cities with the highest rental income at $48.27 per square foot. Among the least expensive cities for rents, Shreveport, LA, displaces Fresno at the top, averaging $10.47 per square foot.

Operating expenses increased in most markets in the last year, and fixed expenses tended to be volatile due in part to rising utility costs and real estate taxes, according to BOMA. Rental income stayed fairly stable with few significant increases, a favorable outcome for tenants.

 


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.

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

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

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.

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

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

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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