Building occupancy increased slightly in comparison with the year before (88.7 percent in 2004, 88.5 percent in 2003). Expenses for utilities showed a 1 percent increase in 2004, and cleaning expenses increased by 1 percent as well. However, expenditures for roads and grounds decreased from 2003, from $21 rsf in 2003 to $.17 in 2004.
Now in its 85th year, BOMA’s Experience Exchange Report (EER) continues to be the singular, most detailed and most reputable source of benchmarking data representing the office building industry, according to BOMA.
The 2005 edition, featuring 2004 data, contains operating income and expense data on over 5,000 private and public sector buildings covering almost 1 billion square feet of office space throughout North America. Also included is analysis of current real estate industry trends. For more information, visit the BOMA Web site.
