Printer Friendly
The Free Library
14,715,918 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

BOMA takes industry's 'Pulse' with new members survey.


One of the first things First Things is a monthly ecumenical journal concerned with the creation of a "religiously informed public philosophy for the ordering of society" (First Things website).  a doctor does when visiting a patient it take a pulse; without it, it's it's  

1. Contraction of it is.

2. Contraction of it has. See Usage Note at its.


it's it is or it has
it's be ~have
 difficult to fully assess a patient's general health. Similarly, it's next to impossible for BOMA Boma (bō`mə), city (1984 pop. 197,617), Bas-Congo province, W Congo (Kinshasa), on the Congo River estuary. A port and railhead, it exports tropical timber, bananas, cacao, and palm products.  International to determine the strength and overall confidence of the industry without periodically surveying members' top priorities in ownership/asset management, operational and advocacy issues.

Although the BOMA Pulse, a bi-annual analysis, is the result of a survey given only to our own members, its findings can be easily transferred to the industry as a whole; our 18,000+ members, it is estimated, own or managed more than 8.5 billion SF of office space out of the approximately 12 billion SF of office space nationwide. A member survey, we therefore believe, is an industry survey. What follows are highlights of BOMA's most recent Pulse:

The top scoring ownership and asset management issues in the short-term Short-term

Any investments with a maturity of one year or less.


short-term

1. Of or relating to a gain or loss on the value of an asset that has been held less than a specified period of time.
 (less than six months) and the long-term Long-term

Three or more years. In the context of accounting, more than 1 year.


long-term

1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term.
 (more than six months) are:

Top Short-term Issues: Return on investment; portfolio management; new construction/development.

Top Long-term Issues: Return on investment; strategic corporate planning; new construction/development

The most significant shift in the short-term issue priorities from the last Pulse (June 2000) is the appearance of return on investments as the most important issue. Traditionally, return on investments has only been a highly ranked long-term priority for survey respondents In the context of marketing research, a representative sample drawn from a larger population of people from whom information is collected and used to develop or confirm marketing strategy. .

This shift could signal the fact that investors are looking at shorter-holding terms, or that property mangers are looking for Looking for

In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with.
 better performance in terms of revenue in order to indicate worthiness to building owners. It also must be remembered that a majority of survey respondents for this edition of the Pulse classified themselves as "property managers." This is important because historically, property managers were not as concerned with return on investment over the short-term. But if an owner decides to sell a building in order to see his return on investment, it could mean a change in property management company when the new owners took over giving property managers good reason to make return on investment a top short- and long-term priority.

Concern about new construction and development was also highly ranked as a priority. In some markets, there is concern over a possible slow down in economic growth, which could impact new buildings that have yet to be fully leased. On a positive note, few respondents were concerned about new developments over the long-term. In addition, this edition of the Pulse showed a resurgence re·sur·gence  
n.
1. A continuing after interruption; a renewal.

2. A restoration to use, acceptance, activity, or vigor; a revival.
 in the importance of portfolio management as a dominant issue.

The highest-ranking Pulse scores for operational issues as identified by survey participants in the short- and long-term are:

Top short-term issues: Aging equipment/building; operations/maintenance; technology.

Top long-term issues: Aging equipment/building; leasing/marketing; tenant retention.

For the first time, BOMA's Pulse has identified aging equipment/building as the highest priority from both a short-and long-term point of view.

This finding seems to go hand-in-hand with the highest-ranking return on investment received in the ownership/ asset management section of the Pulse. Clearly, survey respondents have been linking greater returns with increasing investments in the building itself and the equipment needed for its operation. It will be interesting to see if this trend becomes noticeable in the 2001 BOMA Experience Exchange Report (EER EER - An extended entity-relationship model. ), which for the first time will capture capital expenditures.

The highest ranked Pulse scores for government/legislative issues for the survey participants in the short- and long-term are:

Top short-term issues: Electric utility deregulation Deregulation

The reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry.

Notes:
Traditional areas that have been deregulated are the telephone and airline industries.
; building/safety codes; environmental issues

Top long-term issues: Environmental issues; building/safety codes; electric utility deregulation.

Some clearly identified issues were singled out as priorities from a governmental and advocacy point of view. Survey respondents were quite certain that associations such as BOMA should be concentrating efforts on electric utility deregulation, building and safety codes and, for the first time, environmental issues. Respondents, particularly property managers, were overwhelmingly in favor of upon the side of; favorable to; for the advantage of.

See also: favor
 BOMA's continued assistance with the electric utility deregulation process. This was of prime importance to the majority of property managers from California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). .
COPYRIGHT 2001 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Author:PADAVANO, KURT
Publication:Real Estate Weekly
Geographic Code:1USA
Date:Jul 4, 2001
Words:672
Previous Article:Aztec designs facility solution for Mindtree.(Brief Article)
Next Article:REAL FINANCING ESTATE.
Topics:



Related Articles
BOMA/NY: 'the power of teamwork.' (Building Owners and Managers Association of New York) (Career Development) (Column)
Good Samaritan law good news for commercial real estate.(liability protection for Y2K information dissemination done in good faith)(Brief...
Southern Connecticut BOMA chapter hosts awards gala.(Brief Article)
The economic impact of real estate.(BOMA International report illustrates major impact of real estate industry on the economy)(Abreast of the...
Hartz, Boston Properties among BOMA honorees.(Brief Article)
Will this President Bush prove to be our friend or foe?(Brief Article)
Ford marks more than 25 years with Cushman & Wakefield Inc. (Profile of the Week).(Senior Managing Director Steven Ford)(Brief Article)
Role of BOMA more important than ever since 9/11.(Brief Article)
Events seminars meetings talks. (Around the Town).(real estate industry, New York City area)(Brief Article)
BOMA enjoys ever-widening circle of influence.(Building Owners and Managers Association International)

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles