Industry News




 

06/28/2013

Expenses and Income Dip for Office Buildings

 
Private-sector office buildings saw a 9% drop in utility costs in 2012, a response to decreasing income.

An intense focus on maximizing building efficiency despite decreases in income is behind a 9% drop in utility costs and a 3.9% decrease in total operating expenses for private-sector office buildings, according to the 2013 Experience Exchange Report, an annual report by BOMA International and research firm Kingsley Associates.

Rental income and overall income decreased by 2.9% and 3.23%, respectively, in 2012, the report says. To make up for the lost income, building owners and managers represented in the results reduced expenses by cutting energy use and weekly HVAC-serviced building hours. As a result, the private sector’s electricity expenses decreased roughly 12% in 2012 over 2011, and the average weekly building hours dropped 5% (from 70 hours to 66) over the same period.

Transportation costs in 2012 offered mixed results; in-house parking costs declined by a surprising 23%, and the parking ratio declined 12%, going from 1.61 stalls per 1,000 square feet in 2011 to 2012’s 1.42 stalls. However, shuttle costs shot up a staggering 89%. This data “suggests that building owners are providing more perks to potential tenants, such as shuttle services to public transportation and satellite lots, to remain competitive in the market,” the report notes.

The Experience Exchange Report incorporates voluntarily reported insights from over 5,300 buildings in 250 markets across 115 U.S. and Canadian cities.

 

 


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.

 


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.


 
04/24/2015

New technology could reduce risk of hospital-acquired infections.

04/23/2015

Seismic activity shown to affect nearly half of Americans.

04/22/2015

New technologies will cut use of climate-damaging refrigerants.

04/21/2015

Guidelines will ensure reliability of solar investments.

04/20/2015

Cloud-based application measures the effect of climate change on facilities.

04/17/2015

Rule will improve energy efficiency for wide range of pump types.

04/16/2015

Emissions rise marginally in 2013.

04/15/2015

Protocol will speed introduction of new roof products. 

04/14/2015

Better food choices, exercise options at work shown to reduce obesity.

04/13/2015

New design responds autonomously to changes in thermal energy.

04/10/2015

Guidelines include short-term, long-term energy efficiency goals.

04/09/2015

1.5 MW milestone reached.

04/08/2015

Plant molecule to improve roofing sustainability.

04/07/2015

ASHRAE revision will incorporate new developments, strategies to improve air quality.

04/06/2015

Green programs combine to improve building sustainability.

04/02/2015

New guides will drive down startup costs.

04/01/2015

Green features expected in hospitality facilities.

03/31/2015

U.S. photovoltaic capacity reaches new record for photovoltaic installations.

03/30/2015

New technology driving increased demand on healthcare systems.

03/27/2015

Capital ranks #1 in certified buildings.

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