A positive growth in net operating income (NOI) was shown in BOMA’s Experience Exchange Report (EER). This marks a fifth straight year of growth, but perhaps more important is that NOI growth inched above 10 percent for the first time in the 1990s. The 2000 private sector survey results are the averaged responses of 3,410 buildings representing approximately 649 million square feet of space.
According to the survey, net operating income was $11.09 per rentable square foot at the end of 1999, up 10.13% from the year-end 1998 level. Building owners and managers accomplished this positive NOI growth by increasing total income by 4.03% while reducing total expenses by 2.09%.
To order a CD-ROM or a book version of the 2000 EER visit www.boma.org or call 800/426-6292.
Based on a report from BOMA’s Potomac Currents
