The Building Owners and Managers Assocation (BOMA) International has just announced the updated version of their groundbreaking BOMA Energy Performance Contracting (BEPC) Model to incorporate new best practices into building maintenance. BEPC was originally created in 2008 by BOMA International in a partnership with the Clinton Climate Initiative (CCI), several major real estate companies and energy service companies (ESCOs).
Affecting the commercial property market is the comfort level of building owners. Nervous landlords add to deal volume and help to bridge the gap between bid and ask. But what’s going through their minds? Answering is BOMA’s Chief Operating Officer Henry Chamberlain, who sees more uncertainty than he’d like. In an interview following BOMA’s annual legislative conference that found the owners’ trade group pursuing an agenda concerning issues such as carried interest taxed as capital gains, ADA remedies, energy and leasehold depreciation, Chamberlain chalked up the murky waters for owners to finance on the debt side, the regulatory environment, and the leveraging of technology and its expected tendency to suppress demand for traditional office space of the future.