Industry News




 

08/23/2013

Most, Least Expensive Cities for Operating Costs

 
Salt Lake City is the least expensive city for office building operating expenses.

Do you operate an office building in New York City? If so, you could be paying around $7 more per square foot in operating costs than a building owner in Salt Lake City according to a new report released by the Building Owners and Managers Association (BOMA) International.

Find out if your city made the five most, or least, expensive city-markets for total operating costs.

Five most expensive city-markets – Total operating expenses:

  1. New York City $11.80 per square foot (psf)
  2. San Francisco $9.66 psf
  3. Washington, D.C. $9.51 psf
  4. Santa Monica, CA $8.54 psf
  5. San Jose, CA $8.47 psf

Five least expensive city-markets – Total operating expenses:

  1. Salt Lake City $4.87 per square foot (psf)
  2. Atlanta $5.57 psf
  3. Phoenix $5.60 psf
  4. Cincinnati $5.69 psf
  5. Nashville, TN $5.69 psf

Total operating expenses incorporate all expenses incurred to operate office buildings, including utilities, repairs and maintenance, roads and grounds, cleaning, administration and security. Fixed expenses include real estate taxes, property taxes and insurance. In New York City, average total operating expenses were $11.80 per square foot (psf), while they averaged just $4.87 psf in Salt Lake City. There was a 3.9 percent overall decrease in total operating expenses from 2011 to 2012, underscoring an industry focus on maximizing building efficiency in the face of dwindling income streams. For example, New York City, which also topped the list of most expensive markets for operating expenses last year, saw a decrease of $0.66 per square foot.

The full report is available from BOMA International.

 


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.

 


 
09/19/2014

New regulations from the DOE would improve commercial air conditioner efficiency by as much as 30%. 

09/18/2014

A new study suggests that the installed cost of photovoltaic solar power continues to drop in the U.S.

09/17/2014

A new technology developed at Rice University effectively deices glass surfaces while remaining transparent for radio frequency transmission.

09/16/2014

The USGBC and American Chemistry Council have put aside their differences to work together on new improvements to the LEED certification system. 

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. 

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