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U.S. Office Market Highlights from BOMA’s
2006 Experience Exchange Report (EER)
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| Rent in the U.S. office market decreased slightly in 2005, lowering Net Operating Income (NOI) in the private sector from $14.15 in 2004, to $13.03 in 2005. Fortunately, overall job growth continued its upward trend as office occupancy rose from 88.7 percent in 2004, to 89.7 percent in 2005.
Although the dollar amount spent on different expense line items provides a mixed picture, the expense data in the 2006 EER indicates that the total operating expenses increased by 3.8 percent from $6.32 in 2004, to $6.56 in 2005, and total expenses (Operating plus Fixed) decreased slightly by .03 percent from $9.74 in 2004, to $9.71 in 2005.
Additionally, the trend to increase efficiency while decreasing administrative costs continued from the last three years with administrative costs decreasing by 3.2 percent.
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EER highlight information is available. The sheet includes 2004-2005 U.S. private sector expense comparisons, trends in security spending and income and expense averages for class A, B and C buildings.
Order the CD-ROM and receive additional benefits not included in the 2006 EER Book:
- Export EER data to PDF or Excel reports to perform quick and easy data manipulation
- Select special customized reports from 18 custom modules
- View data based on popular EER modules including: Medical Office Buildings, Class A, B, or C buildings, and type of ownership
- Get breakdowns of specific data in more than 100 markets
- Generate reports for specific income and expense line items for cross-market comparison
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