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.

 

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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.

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

Yaskawa drives offer quality performance for air handlers and cooling towers on the roof to secondary chilled water pumps in the basement

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.
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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


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.

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

Yaskawa drives offer quality performance for air handlers and cooling towers on the roof to secondary chilled water pumps in the basement

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.


 
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.

08/13/2014

Natural light's benefits to workers extend far beyond the workday.

08/12/2014

Will a "Little Box" change the future of electricity?

08/07/2014

Could your building withstand an F3 tornado repeatedly?

08/06/2014

Make sure your conference room is properly outfitted with a projection system that meets your occupants' needs.

08/04/2014

The update to the Building Energy Quotient program includes more building types and a new methodology to measure "In Operation" buildings.

07/31/2014

Improper lockdown security may leave your building and occupants vulnerable

07/29/2014

Is the American energy policy lagging behind the rest of the world?

07/22/2014

How to keep building occupants safe during the hot season.

07/21/2014

Spaces grow denser as the industry emerges from a slump.

07/18/2014

Study ranks states on fuel and consumption.

07/16/2014

Enhance cleaning practices at your educational facilities.

07/11/2014

Tenants have low tolerance for even one pest sighting, a new survey reveals.

07/10/2014

Battery installations will fuel federal research.

07/03/2014

An ongoing pilot program targets carbon neutrality.

06/27/2014

Potential substitute chemicals boast a low global warming potential.

06/26/2014

Tap into the DOE’s new data stream for renewable energy.

06/23/2014

What to do when the rain stops and the flood recedes.

06/18/2014

Mitigation policies grow in response to changing climate.

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