Industry News




 

11/05/2013

Commercial Real Estate Industry Achieves Utilities Savings

 
Commercial real estate industry is lowering costs.

The commercial real estate industry’s ongoing focus on energy efficiency has netted positive results, according to a report from the Building Owners and Managers Association (BOMA) International and Kingsley Associates.

Analysis reveals that properties in the United States reduced total operating expenses from $8.18 to $7.86 per square foot on average from 2011 to 2012, a difference of $0.32 or 3.9%. 

About two-thirds of these savings were achieved in the utility category, where average expenses fell $0.21—a whopping 9%—to $2.12 per square foot, underscoring an industry focus on maximizing building efficiency and smart asset management.

Nearly all building types boasted operating expense savings during 2012.  Only corporate facilities saw total operating expenses remain essentially unchanged with a slight 0.5% increase.  Downtown buildings remained, on average, more expensive to operate than their suburban counterparts, and they also reported a slightly smaller expense savings (4.1% versus 6.4% for suburban buildings).

As with total operating expenses, the decrease in utility expenses per square foot in 2012 also was broad-based.  Private sector office buildings in both downtown and suburban locations observed an identical 9.3% reduction, though costs remain higher at downtown locations.  Multi-tenant buildings were able to achieve greater savings than corporate or single-tenant facilities (9.6% versus 3%), but the trend was the same for both.  However, not all property types saw a decline in this area.  Utility costs rose 2.7% at medical office buildings and 4.2% at government-occupied facilities.

The Experience Exchange Report is based off the examination of a specialized control sample of more than 2,000 private sector buildings representing 385 million square feet of U.S. office space.

 


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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