Most, Least Expensive Cities for Operating Costs

08/23/2013 |

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.

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See how professionals like you are taking advantage of the highest performing precision cooling system for their computer rooms and data centers, and why Data Aire is fast-becoming the number one choice for facility managers and building owners looking to decrease their energy consumption. 

Data Aire understands how digital technology and data gravity is rapidly impacting and transforming businesses. That’s why they developed ultra-efficient cooling technology to support the most modern (and not-so-modern) data centers.  Learn how One Wilshire in Los Angeles, one of the most advanced carrier hotels today, is surpassing California's strict energy efficiency requirements with Data Aire’s purpose-built system, which provide full-economization for 260 days – almost 72% of the year. That’s a measurable savings! Furthermore, the projected PUE on an annual basis for a full load is at or below 1.2.


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