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Survey: 2016 Facility Capital Budget Plans
Every year, Building Operating Management surveys the facllity management industry about expectations for capital budgets for the following year. The 2016 Facility Capital Budget Plans report offers a look at the industry as a whole. It finds that nearly half of the respondents - 48 percent - don't expect any change in their capital budgets. Among the rest, significantly more respondents expect facility capital budgets to increase in 2016 than expect facility capital budgets to decrease in 2016. The survey report breaks down results by the following building types: commercial (corporate office), commercial (leased space), medical, education (higher education), education (K-12), government (federal), government (state), government (municipal), and hospitality. Survey question: In the next year, I expect my capital budget to: Decrease by 5 percent or less, Decrease by less than 5 percent, Increase by 5 percent or more, Increase by less than 5 percent, Stay the same.