BOMA Edmonton - September 2013

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EDMONTON

O F F I C E

VAC A N C Y 2013 - Q2

Citywide: Downtown-Vacancy: Financial Vacancy: AA: A: B: C:

CDML CONVERGE™

“THE WHOLE BUILDING IN THE PALM OF YOUR HAND” The Solution to Your Building Operation and Maintenance Manuals BY DAVID GREEN CEng CPMP LEED AP | DIRECTOR

O

perating and maintaining a building over its life cycle represents the greatest expense in building ownership. Having rapid access to accurate, easy-to-use, multi-format information assets is vital in the effective running of a building. From our client surveys, the current situation for building operation and maintenance (O&M) manuals can be summarized as follows: • No standard format between disciplines • Mix of paper and CDs • No Building Information Modelling (BIM) integration • Difficult to search and find relevant information • Frequently issued late, inaccurate and incomplete • Costly to duplicate and onerous to maintain

• Easily lost • Rarely used by building operators An operation and maintenance (O&M) manual is a valuable tool. It should contain the requirements and procedures for the effective operation, maintenance, decommissioning and demolition of the building. It should also include details of the building’s construction, its history, instructions for its operation and maintenance, and its warranties. The building O&M should enable the building owner to: • Maintain accurate records of the building • Limit the costs of using, managing and maintaining the building • Maintain the Return on Investment (ROI)

8.2% 6.7% 6.6% 8.1% 5.7% 6.5% 4.6%

Government Vacancy: A: B: C: Suburban Vacancy: A: B: C:

6.9% 8.5% 8.1% 1.7% 10.9% 10.5% 9.9% 16.2%

Office Space Absorption 2013 Q2 Citywide: 42,451-sf Downtown: 44,497-sf Suburban: (2,046)-sf

Avison Young is the North American real estate partner businesses trust for intelligent, integrated solutions. We deliver results that are aligned with your strategic business objectives, supporting real estate initiatives that add value and build competetive advantages for your organization

www.avisonyoung.com

www.bomaedmonton.org | BOMA Edmonton Newsletter | September 2013

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