2024 Operating Benchmark Report is Now Available 

We're excited to announce that the 2024 Operating Benchmark Report is now available! 

For the second year in a row, taxes and insurance are the top building expenses.  

What You Need to Know

This comprehensive report covers a wide range of operating expenses, including utilities, maintenance, insurance, and taxes, providing members with valuable insights into how your expenses compare with other properties in their region and across the BOMA/GLA membership.  

The report helps members understand if their expenses are in line with regional averages, which is crucial for setting your budget for the next year. 

Why This Report Matters

Members can use this report to see how their expenses stack up against others in their region and make informed budget decisions.  

This report also helps us see potential policy interventions, such as property tax reform, energy efficiency incentives, and urban planning initiatives. 

BOMA/GLA members all have access to report as a member benefit.  

Thank you to everyone who participated in the survey. Your contributions are essential in producing an effective report that benefits the entire community. 

To dig into the details, visit here.