11/05/2013

Commercial Real Estate Industry Achieves Utilities Savings

 
Commercial real estate industry is lowering costs.

The commercial real estate industry’s ongoing focus on energy efficiency has netted positive results, according to a report from the Building Owners and Managers Association (BOMA) International and Kingsley Associates.

Analysis reveals that properties in the United States reduced total operating expenses from $8.18 to $7.86 per square foot on average from 2011 to 2012, a difference of $0.32 or 3.9%. 

About two-thirds of these savings were achieved in the utility category, where average expenses fell $0.21—a whopping 9%—to $2.12 per square foot, underscoring an industry focus on maximizing building efficiency and smart asset management.

Nearly all building types boasted operating expense savings during 2012.  Only corporate facilities saw total operating expenses remain essentially unchanged with a slight 0.5% increase.  Downtown buildings remained, on average, more expensive to operate than their suburban counterparts, and they also reported a slightly smaller expense savings (4.1% versus 6.4% for suburban buildings).

As with total operating expenses, the decrease in utility expenses per square foot in 2012 also was broad-based.  Private sector office buildings in both downtown and suburban locations observed an identical 9.3% reduction, though costs remain higher at downtown locations.  Multi-tenant buildings were able to achieve greater savings than corporate or single-tenant facilities (9.6% versus 3%), but the trend was the same for both.  However, not all property types saw a decline in this area.  Utility costs rose 2.7% at medical office buildings and 4.2% at government-occupied facilities.

The Experience Exchange Report is based off the examination of a specialized control sample of more than 2,000 private sector buildings representing 385 million square feet of U.S. office space.

 


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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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