Building Revenue Rises as Utility Expenses Drop

BUILDINGS - Smarter Facilities Management

08/23/2012

Building Revenue Rises as Utility Expenses Drop

 

Income and base rents are rising, a possible sign of partial economic recovery for the commercial real estate market despite similar rises in expenses.
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Private sector base rent income has risen about 2.5% over the last year, a welcomed sign of a more sustained market recovery, according to BOMA International’s recently released 2012 Experience Exchange Report, which analyzes building data from 2011.

“As the commercial real estate market makes its way back to normalcy, building owners and managers are beginning to see income levels improving,” commented BOMA International Chair Boyd R. Zoccola, executive vice president of Hokanson Companies. “The market is recovering but still tenuous. The numbers also indicate that property professionals continue to operate their buildings as efficiently as possible, making asset management more critical than ever.”

The annual report is based on voluntary reports from building owners and other industry professionals. It examines tover 5,400 buildings in 250 markets across 125 cities in the U.S. and Canada.

 

 


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.

Morton designBUILD is a team that works with you, from concept to completion, to create custom steel buildings and beyond.  Visit our website for design inspirations today!

 


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.

Morton designBUILD is a team that works with you, from concept to completion, to create custom steel buildings and beyond.  Visit our website for design inspirations today!

 


 
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