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.

Mitsubishi Electric Cooling & Heating’s new H2i R2-Series heat pumps provide year-round comfort, even in extreme climates. With 100% heating capacity down to 0° F outdoor ambient and simultaneous heating and cooling down to -4° F, our hyper-heating systems bring highly responsive multi-zone comfort to your projects, regardless of climate zone.

http://news.mehvac.com/hhlaunch/


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.

Mitsubishi Electric Cooling & Heating’s new H2i R2-Series heat pumps provide year-round comfort, even in extreme climates. With 100% heating capacity down to 0° F outdoor ambient and simultaneous heating and cooling down to -4° F, our hyper-heating systems bring highly responsive multi-zone comfort to your projects, regardless of climate zone.

http://news.mehvac.com/hhlaunch/


 
03/27/2015

Capital ranks #1 in certified buildings.

03/26/2015

New sensor cable technology can detect all types of security breaches.

03/25/2015

Facilities will help cut government GHG emissions by 40%.

03/24/2015

Building sustainability shown to improve tenant happiness.

03/23/2015

New technology to improve the efficiency of wind power systems.

03/20/2015

Reduction of storm activity due to climate change will increase extreme weather.

03/19/2015

Simple ventilation improvements could save over $20,000 per year.

03/18/2015

Efforts to minimize climate change may be more effective than previously thought.

03/17/2015

Researchers develop new approach to create renewable energy.

03/16/2015

Report shows wind becoming cost competitive in more states.

03/13/2015

Study shows “fragrances” may be more than they appear.

03/12/2015

New energy storage configurations could cut costs.

03/11/2015

Program will streamline certification processes, code familiarity.

03/06/2015

Study shows buildings such as hospitals could cut energy use.

03/05/2015

Small and medium-sized buildings will soon have automation options.

03/04/2015

Form will aid lenders in assessing value of sustainable design.

03/03/2015

Expanded choices offer climate-friendly solutions.

03/02/2015

New technology could slash consumption up to 30%.

02/27/2015

Design is low-cost and green while providing more energy storage.

02/26/2015

LEED, IgCC, Standard 189.1 will work in harmony.

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