BOMA International Launches Enhanced 2009 Industry Benchmarking Survey
The Building Owners and Manager’s Association (BOMA) International will launch a new version of its Experience Exchange Report (EER) Feb. 16, the organization has announced.
The Building Owners and Manager’s Association (BOMA) International will launch a new version of its Experience Exchange Report
(EER) Feb. 16, the organization has announced.
Used to help facility managers benchmark their facilities, the new EER will transition to a completely online format, BOMA says.
The online format will bring about improvements in how users submit and access data. The submitting process will be streamlined, with several useful updates:
• A step-by-step format to help submitters identify where they are in the survey process, using “Tooltips ” to define what’s needed on each line.
• Automated filters that check data for typos and incorrect information.
• Comment fields for submitters to clarify information and data input.
For EER end-users, the changes aim to make querying data more efficient and user-friendly. Users will be able to customize searches to find the market information they need.
The new pricing will allow users to access and pay for only the data they need and give discounts to submitters, BOMA says. Discounts will also be offered to users accessing data in multiple markets, and for corporations with multiple users, BOMA says.
The EER provides comprehensive building operating income and expense performance data in more than 65 line items, and in 2008 covered 300 U.S. and Canadian markets. Property and asset managers regularly use the EER to gauge their performance. Investors and appraisers use the data as a barometer for assessing how a property is financially positioned in its and comparable markets.
“We couldn’t be more pleased to launch the industry’s premier benchmarking data source with these cutting-edge enhancements,” says BOMA International Chair and Chief Elected Officer Richard D. Purtell, portfolio manager, Grubb & Ellis Management Services, Inc. “This is a time when industry professionals need access to this information the most. I urge all property professionals to submit to the EER survey so we can offer our most comprehensive product yet to the industry.”