Want to know what led to Net Operating Income decreases in the U.S. office market in 2005? Curious how much companies are spending on building utilities and other expenses? Wonder what cities have the highest total income per rentable square foot? Wonder what cities have the lowest? This information and much more is now available in the newly released Building Owners and Managers Association (BOMA) International 2006 Experience Exchange Report (EER).
The 2006 EER made its debut at the BOMA International North American Commercial Real Estate Congress® and The Office Building Show in Dallas, Texas, June 24-27. This newest edition of the EER is the most robust in years, representing more than 5,000 buildings in 124 cities across North America and more than 1 billion square feet of office space. Now in its 86th year, the EER continues to be the singular, most detailed, and most reputable source of benchmarking data representing the office building industry across North America.
“The benchmarking data in the BOMA International Experience Exchange Report is second to none, said BOMA International Chairman and Chief Elected Officer David W. Hewett, RPA, CPM, CCIM, FMA, CFM, principal for Trammell Crow Company, Auburn Hills, Michigan. “It is the most comprehensive report of its kind, and is a must-have for commercial real estate professionals who want to compare office building financial data and operations information from different markets.”
The EER is available in a traditional book version and an electronic CD version that gives users the advantages of the book plus access to all of the data used to determine the special studies section, including city specific information on medical office buildings and corporate facilities. The CD version also allows for the breakout of market specific data in more than 124 markets and the creation of reports (exportable to Excel and PDF formats) based on specific income and expense line-items for cross-market comparisons.
The EER represents data for the U.S. and Canada and is further broken down into private and public sector buildings. It also provides readers with a diverse collection of data analyses ranging from national cross-tabulations and special building data tabulations to city analyses. For each metropolitan area, the data is further broken down into location (downtown or suburban), submarket (where data permits), and size analyses. All data is presented in dollars per square foot, per year based on the income and expense dollars incurred during the calendar/fiscal year 2005. Summary and detail information is provided for both income and expenses.
For further information on the Experience Exchange Report, visit the Web.