Resource pages for "Operating-Expenses"-related posts for facility managers (FMs), building operations professionals and decision-makers in all industry sectors.
With the adoption of hybrid work, organizations need to rethink how they manage facility operations to prevent major inefficiencies that could impact their bottom line.
Performing chiller maintenance and cleaning at the end of the cooling season allows any larger issues or concerns to be identified early.
Here's a rundown of the most and least expensive private sector office markets in the United States based on total operating expenses, courtesy of BOMA International.
Utilizing data from its 2016 Office Experience Exchange Report (EER), BOMA compiled a list of the most and least expensive office markets in the United States, both in terms of operating expenses and rental rates.
Retrofit or forward-fit? Smart systems give new life—and new return on investment—to aging facilities.
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.
IFMA Atlanta has hosted its Non-Profit Facility Summit to educate and inform non-profit organizations on proactive facility management practices.
A new BOMA-Kinsley Report includes articles on the advantages of benchmarking for industry practitioners and analyzing energy expense trends.
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.
This annual research study from IREM analyzes operating income and costs for 1,850 private-sector office complexes—some containing multiple buildings—in major metropolitan areas and regions in the United States.