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.

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


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

 
12/19/2014

Agreement will improve sustainability in parking operations.

12/18/2014

Ruling aims to make U.S. photovoltaics more competitive.

12/17/2014

Tests show geothermal could cut costs up to 44%.

12/16/2014

New provisions added before end of session.

12/15/2014

Ultraviolet regimen can reduce incidence of dangerous viruses up to 20%.

12/12/2014

New design keeps heat from entering buildings.

12/11/2014

Provision covers new construction and retrofits.

12/10/2014

New rule will cut consumption by 15-20%.

12/09/2014

Recent rainfall not enough to offset groundwater losses.

12/08/2014

New technology allows record-high energy output.

12/05/2014

New “heat mirror” could revolutionize facility cooling.

12/04/2014

Education improves efficiency and employee happiness.

12/03/2014

Interactive building guide provides directions.

12/02/2014

Study shows walking at work can improve focus, mental health.

12/01/2014

Ruling would further limit smog emissions.

11/26/2014

Survey shows green initiatives pay off in hiring as well as energy.

11/25/2014

More executives choosing alternatives to LEED.

11/24/2014

EPA challenge to increase diversion rates for the holidays.

11/21/2014

Framework allows users a better look at roofing's environmental impact.

11/20/2014

Study finds paper towel dispensers carry far fewer germs.

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