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Data from BOMA’s Experience Exchange Report reflects results of the industry's focus on energy efficiency.
Amid the economic downturn in real estate markets, few markets demonstrated significant increases in rental income, suggesting that rental rates remain relatively stable. Among the most expensive cities, only New York and San Francisco showed increases in rental income.
The decrease in total operating expenses illustrates what commercial real estate managers noted all year: there is considerable pressure to reduce operating expenses and maintain strong net operating income.