Most U.S. buildings’ expenses break down into a similar distribution —largely fixed costs, followed by utility bills, repairs and maintenance expenses (R/M). On average, building owners spend 22% of their operating costs on energy and water. Corporate facilities typically spend slightly more on utilities ($2.70 per square foot-year), while general multi-tenant buildings spend less ($2.25 per square foot-year). Many operators, when assessing only the value of energy bill reductions, will choose not to invest in energy retrofits.
BOMA. 2010. Practical Industry Intelligence for Commercial Real Estate. BOMA. link