New statistics posted by BOMA, further proves that energy audits are worth it…
EER Data Can Help Drive Increased NOI
As market conditions continue to pressure managers to deliver strong Net Operating Income (NOI), the desire for tools to track various elements of performance continues to increase. The Autumn 2011 edition of The BOMA/Kingsley Report, examines the 2011 Experience Exchange Report® (EER)and highlights key trends in how property managers controlled key operating expenses in the last year.
- Utility expenses decreased by 4.3 percent on average in 2010, despite increases in energy costs.
- Utility costs averaged 6.2 percent higher at downtown buildings compared to all U.S. private sector buildings. Suburban buildings posted utility costs 8.4 percent below this average.
- Fixed expenses decreased by 8.8 percent on average in 2010.
- Buildings in downtown locations saw a substantial decrease in fixed expense of 9.6 percent, but still reported expenses 18 percent above the U.S. private–sector average.
- Fixed costs at suburban buildings decreased 6.8 percent, but remained 23.1 percent below the average.
- Read the full report. Market–level analysis for several cities, including Atlanta, San Francisco, New York, and DC, are also included.
The 2011 EER data fueled the trends and research in the BOMA/Kingsley Report. Put that same data to work for you. Create an analysis of your own market using the custom search features and affordable, flexible pricing of the EER.
Purchase the EER today to see how your building measures up.
New this year – BOMA International is offering the Top 20 2010 EER Markets PDF available in the BOMA Store. Or, visit www.bomaeer.com to add online access for 2010 results to your 2011 EER subscription.
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