DENVER (June 22, 2008)—Want to know if mixed-use developments affected downtown retail income in the U.S. office market in 2007? Curious to know if building utility expenses continued to rise? Wonder what cities have the highest total income per rentable square foot? Wonder what cities have the lowest? This data and much more is now available in the newly released Building Owners and Managers Association (BOMA) International 2008 Experience Exchange Report (EER).
The 2008 EER makes its debut at the BOMA International Conference and The Office Building Show in Denver, June 22-24. Now in its 88th year, the EER continues to be the single, most detailed and most reputable source of benchmarking data representing the office building industry across North America.
“The BOMA International Experience Exchange Report has been the industry’s go-to source for benchmarking for more than eight decades,” remarked BOMA International Chairman and Chief Elected Officer Brenna S. Walraven, RPA, CPM, Managing Director, National Property Management, USAA Real Estate Company. “Property professionals from across North America and beyond look to the EER for trusted data on industry trends.”
The EER is available in 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 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 2007. Summary and detail information is provided for both income and expenses.
For further information on the Experience Exchange Report, visit www.boma.org/Research.
Founded in 1907, the Building Owners and Managers Association (BOMA) International is an international federation of more than 100 local associations and affiliated organizations. The 17,000-plus members of BOMA International own or manage more than 9 billion square feet of commercial properties in North America and abroad. BOMA’s mission is to enhance the human, intellectual and physical assets of the commercial real estate industry through advocacy, education, research, standards and information. On the Web at www.boma.org.
Contact:
Lindsay Tiffany
Manager of Media Relations
BOMA International
(202) 326-6365 or ltiffany@boma.org