Industry News
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07/08/2010
Are Office Fundamentals Turning Upward?
Rents show signs of bottoming out, and select high-quality assets have opportunities to pursue
Kurt Padavano, COO, Advance Realty Group (left) and Henry Chamberlain, President and COO of BOMA International, deliver the “State of the Industry,” a mid-year market outlook at the BOMA 2010 International Conference & The Every Building Show.
Commercial construction continues to slacken in 2010, yet stabilization is taking hold in the office market, according to presenters in a mid-year outlook at the BOMA 2010 International Conference & The Every Building Show, which took place in Long Beach, CA, at the end of June.
The presenters – Henry Chamberlain, President and COO of BOMA International, Washington, DC, and Kurt Padavano, COO, Advance Realty Group, Bedminster, NJ – noted that April’s year-over-year commercial construction value was down 36.8 percent, and office construction was down 29.4 percent. However, office vacancy has swelled only marginally so far this year, from 17.4 to 17.8 percent. San Antonio and San Jose have reported declines in office vacancy this year. Moreover, the NCREIF Property Index turned positive during the first quarter at 0.76 percent.
Other signs of improving market fundamentals include an increase of 3 points to 76 in the Real Estate Roundtable’s overall sentiment index during the second quarter. Padavano and Chamberlain also noted that property pricing is stabilizing and capital markets are showing some signs of thawing.
For the near term, Chamberlain and Padavano see several opportunities for high-quality office assets in this market, including sustainable, energy-efficient product as well as transit-oriented development.
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Learn more . Lower costs. Increase operational efficiency. Detect problems before they're problems. Johnson Controls is reinventing building efficiency.
Learn more . 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. Need portable cooling?
Rent or buy spot coolers from full-service locations nationwide. On call “24/7”. Primary, supplemental or emergency cooling. Atlas Sales & Rentals, Inc., or call (800) 972-6600.
Click here for more info
Sloan Performance Also Comes in White
Mitsubishi Electric Cooling & Heating is transforming HVAC with advanced Variable Refrigerant Flow (VRF) zoning solutions that totally redefine efficiency. VRF zoning systems offer lower lifecycle costs, less maintenance, better performance and reliability which lead to increased overall building efficiency. And all at a price that fits within your budget. Let Mitsubishi Electric help you redefine your HVAC efficiency as well as what you can achieve in your buildings.
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05/16/2013
Net-zero is often on the facility management radar as technology allows for increasingly efficient energy management strategies and techniques. But could net-zero become the real deal for homeowners as well?
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05/15/2013
Walmart has announced that it will conduct in-depth safety inspections at 100% of the factories in Bangladesh that produce goods for the retailer. The company will complete all reviews within six months and will publicly release the names and inspection information on all 279 factories. As a result, workers in these facilities can be assured of safer working conditions, and the entire market will be lifted to a new standard.
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05/09/2013
The struggle to obtain maximum temperature comfort for building tenants at an affordable cost has long been a challenge in the commercial real estate market. With new commercial HVAC technology coming into the marketplace every day, the innovative performance of two-stage water source heat pumps are starting to become more widely accepted for achieving maximum comfort at minimum cost.
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05/08/2013
A longtime concern of the facility manager, electrical fires are a persistent issue for home structures and buildings.
The Home Electrical Fires report estimates that an electrical failure or malfunction factored in 45,000 to 55,000 home structure fires reported to the U.S. fire departments every year since 2000.
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05/06/2013
An old microwave oven headed for the dumpster may lead to significant developments on the solar energy front. Sometimes, truth is stranger than fiction.
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05/01/2013
Do You Smell That? Odor complaints are the most challenging problems I am asked to solve as an Indoor Air Quality Professional. Often only one or two of the building’s occupants out of 50 or 100 can detect the odor
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04/29/2013
The Environmental Protection Agency (EPA) has announced the winner of its third-annual Energy Star National Building Competition. More than 3,000 schools, businesses, and government buildings across the country competed to see which could reduce its energy use the most in one year—and a New Jersey elementary school emerged victorious.
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04/25/2013
The microbial population in the air of the New York City subway system is nearly identical to that of ambient air on the city streets.
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04/25/2013
The United States ranked first among 21 countries most actively using the tax code to influence sustainable corporate activity, according to the inaugural edition of the KPMG Green Tax Index, reflecting the country's extensive and long-established program of federal tax incentives for energy generally, including specific incentives for energy efficiency, renewable energy and green buildings.
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04/24/2013
Let this stat sink in: 98% of lamp's energy goes to lighting the street instead of the night sky.
Streetlights illuminate the night, shining upon roadways and sidewalks across the world, but these ubiquitous elements of the urban environment are notoriously inefficient and major contributors to light pollution that washes out the night sky. Recent innovations in light emitting diodes (LEDs) have improved the energy efficiency of streetlights, but, until now, their glow still wastefully radiated beyond the intended area.
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Upcoming Webinars
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May 23, 2013
June 12, 2013
July 11, 2013
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