by Brianna Crandall — December 8, 2014—Global property advisor CBRE Group and Whitestone Research just released research exploring the costs of running a typical office building anywhere in North America. The highest facility operations costs for owners and managers were determined to be in Honolulu at $17.78 per square foot. The facilities costs included custodial, energy, grounds, maintenance and repair, management, pest control, refuse, road clearance, telecommunications, and water and sewer.
The Top 10 cities are:
- Honolulu, HI: $17.78
- Hilo, HI: $17.33
- New York, NY: $16.28
- Yonkers, NY: $15.89
- San Francisco, CA: $15.76
- Boston, MA: $14.73
- Fairbanks, AK: $14.13
- Juneau, AK: $14.09
- New Haven, CT: $14.03
- Lowell, MA: $13.99
The complete list of costs for North American cities is presented in The Whitestone Facility Operating Cost Reference 2014-2015, North American Version, updated annually, which covers 74 building types and 11 facility costs.
CBRE (CB Richard Ellis) Group, a Fortune 500 and S&P 500 company headquartered in Los Angeles, is a global commercial real estate services and investment firm with approximately 44,000 employees (excluding affiliates), serving real estate owners, investors and occupiers through approximately 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting.
CBRE | Whitestone Research provides consulting services, software and publications for benchmarking, budgeting, and life cycle cost planning for use by major corporations, government agencies, and public and private institutions worldwide.
