Commercial building and facilities management resources for corporate facility executives, building operators and facility managers in all industry and service sectors. Operating-Expenses articles below.
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.
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.