Strategic occupancy cost benchmarking for industrial buildings

Strategic occupancy cost benchmarking for industrial buildings

The cost of occupying industrial buildings over a typical 20-year period can amount to a sum between one and three times the initial capital costs (Table II).

Table IIIndustrial buildings - occupancy costs (£/100m 2), 3Q98 prices

The latest BMI special report Occupancy Costs of Industrial Buildingslooks at two similarly constructed industrial buildings, and projects the maintenance and occupancy costs over a 20-year period.

The buildings are: a large warehouse with around 13,000m² for storage and 600m² of office accommodation and a small mixed offices/industrial unit with 540m² for storage and 300m²of office accommodation.

The effect that these different usage profiles have on occupancy costs can be seen in the table below which shows the average cost for each element over a period of 19 years.

Joe Martin, Executive Director of BCIS Ltd commented: "planning the occupancy costs of a building is the first step to controlling future expenditure".

The report contains priced occupancy cost plans showing detailed annual expenditure patterns element by element, together with a detailed build up of all the costs involved.

The occupancy cost plans will act as a benchmark for organisations with similar buildings. They also provide a pattern and similar information for facilities managers or owners wanting to set up occupancy cost plans for their own buildings.

The BMI Special Report 280 - Occupancy Costs of Industrial Buildings - costs £30.00. For more details, contact BMI, 12 Great George Street,Parliament Square, London 5WIP 3AD.