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/


 
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.

02/25/2015

Standard 189.1 seeks to expand renewable energy definition.

02/24/2015

Efficient construction techniques improve housing affordability.

02/23/2015

Guidance to improve energy efficiency of all aspects of data center operation.

02/20/2015

Model shows new technology could keep buildings standing after disasters.

02/19/2015

Expected to produce 550 megawatts of renewable energy.

02/18/2015

Best practices for infection prevention linked to hand irritation.

02/17/2015

State policies may not cut greenhouse gas emissions.

02/16/2015

New materials could cut initial costs for solar technology.

02/13/2015

Fannie Mae recognizes value of sustainable design.

02/12/2015

Localized technology could dramatically cut HVAC energy usage.

02/11/2015

Government energy consumption continues its decline.

02/10/2015

Study shows renewable option has economic potential.

02/09/2015

Proposed guideline would standardize collision deterrence testing.

02/06/2015

Illinois repeats as top state for green-certified buildings.

02/05/2015

New system to help FMs find the greenest products.

02/04/2015

Combination of cyber and physical measures to prevent electricity theft.

01/30/2015

Hotel, office facilities sectors expected to see big growth.

01/29/2015

Electricity-saving upgrades for vertical transportation.

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