Industry News




 

07/21/2014

Office Income and Occupancy on the Rise

Spaces grow denser as the industry emerges from a slump

 
Office

Income and expenses are both growing for privately owned office buildings, suggesting that building owners and managers may be cresting a post-recession hill.

Rental income increased by 7.2% and overall income climbed by 7.4% in 2013 compared to 2012, according to BOMA International’s 2014 Experience Exchange Report, an annual benchmarking survey. Total operating expenses grew by 5.3%, while total operating plus fixed expenses grew by 5.6%. The growth of both income and expenses together indicates growth, BOMA analysts say in a recent statement.

The survey also revealed increases in office occupancy rates and weekly operating hours, while square footage per office worker decreased. The findings indicate that more people are occupying the same space for longer periods of time, explaining the simultaneous increase in expenses, BOMA says.

“Densification of space is reshaping the commercial real estate landscape,” says John G. Oliver, chair of BOMA International and managing principal for Oliver & Company. “Increases in both income and expenses in this year’s EER indicate both strong industry growth as well as an adjustment to a denser office environment.”

 


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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.

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.

 


Tennant Company is a recognized leader in designing, manufacturing and marketing solutions that help create a cleaner, safer, healthier world. With thousands of satisfied customers already using award winning ec-H2O technology, why not see what you're missing? Test ec-H2O on your soils in your facility. Get a free demo.


Tennant Company is a recognized leader in designing, manufacturing and marketing solutions that help create a cleaner, safer, healthier world. With thousands of satisfied customers already using award winning ec-H2O technology, why not see what you're missing? Test ec-H2O on your soils in your facility. Get a free demo.

 

Replace core drilling with Connectrac In-Carpet and On-Floor Wireways, the proven connectivity solution in open interior spaces of all kinds. These elegant low-profile wireways are great for AV / telecom connectivity wherever it’s needed.

 

Add highly responsive multi-zone comfort to any building project, in any climate. Our CITY MULTI H2i R2- and Y-Series VRF systems give you flexibility to fit the needs of any building. Enjoy 100% heating capacity at 0°F outdoor ambient, and 85% heating capacity at -13°F outdoor ambient.  For more information, log on to www.mitsubishipro.com


 
10/20/2014

The EPA looks to help improve energy and air quality during educational facility renovations. 

10/17/2014

Agency says current regulations "don't protect worker health".

10/16/2014

Scientists have developed LED bulbs free of rare earth metals.

10/15/2014

Survey shows a decrease in employees coming to work sick.

10/14/2014

New efficiency ratings available for apartment units

10/10/2014

New code to increase commercial building efficiency.

10/09/2014

Take charge of your electricity bill with these quick tips.

10/08/2014

Illumination improvements take the top award for physics

10/07/2014

Study shows equipment improvements could boost efficiency. 

10/06/2014

New device integrates batteries into solar cell design.

10/03/2014

The switch to green products comes to healthcare facilities.

10/01/2014

Photovoltaic installations serve nearly 2.7 million students

09/30/2014

Incidence of fires and property loss down from 2012

09/29/2014

Academic achievement tied to responsible reporting habits

09/26/2014

Survey shows people more careful, less satisfied in public washrooms.

09/25/2014

A new study shows that switching natural gas for coal will not significantly reduce the amount of CO2 emissions being produced. 

09/24/2014

A new study shows the carbon emission reduction policies individual states have adopted are yielding results.

09/23/2014

A recent survey of industry professionals indicates that investment in energy efficiency projects will increase over the next year.

09/22/2014

Fort Carson in Colorado is well on its way to reaching the goal of net-zero energy by 2020. 

09/19/2014

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

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