BOMA Report Quantifies Impact of the Commercial Office Sector on the Economy

The Building Owners and Managers Association (BOMA) International released a study that details the impact of commercial office space on the national and local economies. The June 25 report, titled Where America Goes to Work: The Contribution of Office Building Operations to the Economy, 2012, shows that the short- and long-term expenditures that sustain office building operations—management, maintenance, repairs, building services and utilities—generate significant, continuous and growing expenditures that support local businesses, create job demand and contribute significantly to U.S. gross domestic product (GDP). The analysis was limited to commercial office space in buildings with a minimum of 10,000 square feet and excluded buildings owned by their occupants, as well as government-owned office buildings. The full report is available online.