Rising Property Insurance Rates Spur Innovative Solutions, Creative Solutions Emerge as Property Insurance Rates Surge
BOMA International
Building Owners and Managers Association (BOMA) International is the oldest CRE association in the U.S.
The high-cost environment in commercial real estate has primarily been driven by the Federal Reserve’s current tightening cycle. Rising borrowing costs have dominated industry discussions, and investors are waiting with bated breath for when interest rates finally fall. However, interest rates aren’t the only rates that property owners pay close attention to. In recent years, property insurance rates have skyrocketed, increasing operating expenses and putting significant downward pressure on net operating income. Read More Here.
Data Centers Are Preparing for High-Density Computing and Advanced Cooling Technologies
Data centers are growing at the speed of light and to keep up with this high-density power, decisions must be made about whether legacy data centers require an upgrade. The CBRE article, Five Considerations to Prepare Data Centers for High-Density Computing, offers tips for assessing these requirements, and Barry Sullivan, article writer and Global Projects Director at CBRE, Data Center Solutions, weighs in on his thoughts. Click here to read more about Barry’s insights about the thought processes behind upgrading legacy data centers, the differences in advanced cooling systems and what trends we can expect for data centers moving forward.
3 Tips for Accelerating the Advancement of Women in Commercial Real Estate
The 2020 CREW Network Benchmark Study: Gender and Diversity in Commercial Real Estate found that women occupy 36.7% of the commercial real estate industry – a percentage that hasn’t changed much in the last 15 years. While CREW Network prepares for the launch of its 2025 benchmark study survey (expected to launch in early 2025), their recent report, Volume 5 of the CREW View: CRE Women Speak, indicates that professional development and support is integral to women’s career advancement and perceptions of work. Investing in women’s professional development is one of the key topics discussed in the track, “Women in CRE – How to stand out from the crowd and be authentic to yourself,” presented by BOMA Fellow, Keri Taylor, Building Services Sales North America, Trane Technologies. Click here to read Keri’s thoughts, in addition to insights from CREW Network CEO Wendy Mann.
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Upcoming Live Virtual Learning Session from BOMI
Managing the Organization
September 3 - 26, 2024. Managing the Organization will prepare you to manage and lead your organization through improved communication, motivation, relationship and team building, project management, problem solving, and decision-making skills. Managers who take this course will be able to further develop their group leadership and management techniques and abilities, and analyze and improve their relationships with staff, colleagues and owners. Upon successful completion of this course, learners will be able to understand and demonstrate what motivates staff and how to use techniques to influence staff behavior, demonstrate the importance of communication and marketing and much more! Click here to learn more about the online self-paced course, in addition to the live webinars available for BOMA locals.
Upcoming Webinars
National Preparedness Month - Resiliency: Future Proofing Your Building Enclosure
The National Preparedness Month webinar, taking place Wednesday, September 11 will provide learners with the most up-to-date information in how to prepare property professionals with emergency situations. As a 23-year tribute to the attack of 9/11, subject matter experts will discuss their tips for responding effectively to emergency crises, and how teams can lead and manage more effectively. Developing an emergency preparedness plan is vital to ensuring tenant safety and building security. Stay tuned for this informative presentation. Click here to register – more information is coming soon!
Ignite Your Emotional Intelligence Skills!
Unlock the power of self-awareness and relationship management! Join us for an interactive session Wednesday, September 25 where you’ll gain insights and practical skills to tackle challenges, and understand and manage self-awareness, relationship building. Our speakers will dive into real-world property management case using two emotional intelligence competency models from experts in the field. Don’t miss this chance to discover effective problem-solving techniques and enhance your emotional intelligence! Click here to learn more and register.
Save 15% on ALL BOMA Publications
Since 1915, BOMA publications have been on the pulse of the commercial real estate industry. Get the information you need from the source you most trust. Even better, save 15% on BOMA publications with code OneBOMA. Don’t wait, this offer is only good through September 15, 2024.
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Income/Expense IQ is the only asset management and property data platform that’s powered by partnership. Increase the financial performance for your property by utilizing thousands of data points, stretching across all major markets and asset classes. Learn More and Get Your Report Today!
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Streamline Your Escalation Process
Escalations are an unavoidable reality for property managers, but mastering them is essential for ensuring your building's profitability and nurturing strong tenant relationships. That's why BOMA's Escalation Handbook is an invaluable resource! This industry-standard guide simplifies complex concepts and methodologies for preparing escalation billings, delivering clear and concise explanations to help you easily navigate annual calculations. Get your copy here.
The Results Are In: BOMA 2024 a Huge Success!
You heard it here! BOMA’s Annual Conference & Expo is a great opportunity to connect with fellow Commercial Real Estate professionals and expand your network! Don’t just take our word for it, look at what our attendees had to say!
“It was my first time in Philadelphia and my first conference, making it a memorable event. I highly recommend this conference to anyone who can attend, especially newcomers to the industry. It's a one-stop shop for learning, networking, giving back, and making a name for yourself.”
“As a first time BOMA attendee and new employee of my company, I found that the 2024 BOMA Conference provided me with networking abilities I never had before which not only gave me a way to connect with peers outside of my organization but also with peers within my own organization. I’m walking away from this experience with an abundance of contacts and inspiration.”
Local Buzz: Your BOMA Locals Update!
BOMA Oakland/East Bay: It's time for kids to head back to school. Through the partnership with Building Skills Partnership, our members were able to provide over 25 backpacks to Bay Area CRE families. Good luck to your students on a great school year Building Skills Partnership, our members provided over 25 backpacks to Bay Area CRE families. Good luck on a great school year to your students!