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.

Bluebeam® Revu® simplifies digital facilities document management from design review to leveraging as-builts, maintenance manuals and O&Ms submittals.

 


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.

Bluebeam® Revu® simplifies digital facilities document management from design review to leveraging as-builts, maintenance manuals and O&Ms submittals.

 


 
09/15/2014

Researchers have developed a new process to help cloud computing systems use less energy while continuing to provide high levels of data services.

09/12/2014

Researchers have found the main factors that influence the amount and type of building damage caused by various types of salts. 

09/11/2014

A new study has demonstrated that proactive ergonomic training can decrease worker discomfort and increase productivity. 

09/10/2014

The University of Utah has upgraded its historic Dumke Health Professions Education building to save an impressive 40% on energy costs.

09/09/2014

Hoping to build on LEED's success, PEER evaulates the performance and modernization of electric grids. 

09/08/2014

The USGBC has developed a new tool to help streamline the LEED certification process. 

09/05/2014

Researchers have developed a fluorescent lamp that emits Wi-Fi signals to allow connectivity throughout buildings.

09/04/2014

Tests show effective measures for reducing earthquake damage to computer servers. 

09/03/2014

Health costs drop by half as a result of environmental regulations.

09/02/2014

A new study challenges the idea that sparse workplaces produce happier, more productive employees.

08/29/2014

New tool from FEMA helps facility managers prepare for and mitigate the effects of nonstructural earthquake damage. 

08/28/2014

Is your building's exterior prepared for consistent snowstorms?

08/27/2014

Researchers have developed wearable, customizable technology to handle access control at busy hotels. 

08/26/2014

A new study shows that hotels which are LEED certified bring in more revenue than their non-certified competitors. 

08/25/2014

Policies designed to reduce carbon emissions have the added benefit of increasing air quality, which could pay for the reduction policies themselves. 

08/22/2014

Researchers at Michigan State University have developed a luminescent solar concentrator that is as transparent as glass. 

08/21/2014

The Department of Energy has released two reports which indicate wind turbine installations and efficiency is growing while prices drop. 

08/20/2014

The NHL has partnered with the NRDC to release their first sustainability report. 

08/19/2014

A new battery has been developed that is free of toxic materials and longer lasting than its more expensive competitors.

08/14/2014

A new study shows that emergency communications that don't specify the threat could be doing more harm than good.

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